DOCSLIB.ORG

Todd River Resources Prospectus Lodged

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Todd River Resources Prospectus Lodged ASX ANNOUNCEMENT 1 February 2017 TODD RIVER RESOURCES PROSPECTUS LODGED New zinc explorer intends to list on ASX early in second quarter of 2017 Key Points • Todd River Resources IPO Prospectus lodged with ASIC. • TNG shareholders have the opportunity to receive priority in applying for shares in the IPO capital raising. • Key targets already identified for immediate commencement of drilling following listing. Further to its announcement of 20 January, Australian strategic metals company TNG Limited (ASX: TNG) is pleased to advise that the proposed forthcoming demerger of its base metal assets in the Northern Territory via its subsidiary Todd River Resources Limited (Todd River Resources) remains on track with Todd River Resources having now lodged its IPO Prospectus ahead of a planned listing on the ASX early in the second quarter (reserved ASX Code: TRT). The demerger will create a base metal-focused exploration company with a specific focus on the highly prospective Northern Territory. The new company will hold a total of 12 exploration projects including the large Manbarrum Zinc Project, the Mount Hardy Copper-Zinc Project, the Stokes Yard Zinc Project and the McArthur Copper-Zinc project, as well as a number of other exploration projects covering base metals and other commodities including but not limited to gold, lithium, tantalum, tin and bauxite. A copy of the Prospectus can be obtained at www.trrltd.com.au or via TNG’s website at www.tnglimited.com.au TNG shareholders will receive a priority in applying for new shares under the IPO, subject at all times to the final allocation of securities remaining at the sole discretion of the Todd River Resources board of directors to ensure the company has an appropriate shareholder base on admission to the Official List of the ASX. TNG Shareholders will also receive an in-specie distribution of shares in Todd River Resources through the de- merger process, subject to certain conditions being satisfied. A comprehensive investor roadshow with Todd River Resources’ Lead Broker, Sanlam Private, and the company’s Australian Investor Relations group, Read Corporate, commences on 6 February 2017 including broker and lunch meetings in Australian capital cities (for details see TNG ASX Announcement, 20 January 2017). The indicative timetable for the IPO offer is set out in the Prospectus and is also provided below: Lodgement of Prospectus with the ASIC 31 January 2017 TNG Offer Record Date 5.00pm (WST) on 1 February 2017 TNG Offer Opening Date 8 February 2017 General Offer Opening Date 8 February 2017 TNG Offer Closing Date 5.00pm (WST) on 24 February 2017 ASX CODE: TNG REGISTERED OFFICE T +61 8 9327 0900 W www.tngltd.com.au ABN 12 000 817 023 Level 1, 282 Rokeby Road F +61 8 9327 0901 E [email protected] Subiaco, Western Australia 6008 General Offer Closing Date 5.00pm (WST) on 3 March 2017 Record Date for the In-specie Distribution 8 March 2017 Issue of Securities under the IPO 10 March 2017 Completion of the In-specie Distribution 13 March 2017 Despatch of holding statements 15 March 2017 Expected date for quotation on ASX 24 March 2017 * The above dates are indicative only and may change without notice subject to the Corporations Act, ASX Listing Rules and other applicable laws. TNG shareholders or other investors wishing to apply for securities in Todd River Resources will need to complete an application form in accordance with the directions set out in the Prospectus. Investors should consider the Prospectus carefully before deciding to apply for shares in Todd River Resources. A copy of the Todd River Resources Limited Prospectus is attached. Paul E Burton Managing Director 1 February 2017 Inquiries: Paul E Burton Managing Director + 61 (0) 8 9327 0900 Nicholas Read Read Corporate + 61 (0) 8 9388 1474 2 TABLE OF CONTENTS 1. CORPORATE DIRECTORY .............................................................................................. 2 2. IMPORTANT NOTICE ..................................................................................................... 3 3. KEY DATES .................................................................................................................... 6 4. INVESTMENT OVERVIEW ............................................................................................... 7 5. LETTER TO INVESTORS ................................................................................................. 22 6. DETAILS OF THE OFFERS .............................................................................................. 23 7. COMPANY AND PROJECTS OVERVIEW ..................................................................... 35 8. RISK FACTORS ............................................................................................................ 50 9. INDEPENDENT GEOLOGIST’S REPORT ......................................................................... 57 10. INVESTIGATING ACCOUNTANTS REPORT ................................................................ 161 11. SOLICITOR’S REPORT ON TENEMENTS ...................................................................... 178 12. BOARD, MANAGEMENT AND INTERESTS .................................................................. 200 13. CORPORATE GOVERNANCE .................................................................................... 203 14. MATERIAL CONTRACTS ............................................................................................ 216 15. ADDITIONAL INFORMATION .................................................................................... 219 17. DIRECTORS’ AUTHORISATION .................................................................................. 230 18. GLOSSARY ................................................................................................................ 231 3999-02/1648083_1 1 1. CORPORATE DIRECTORY Directors and Proposed Chairman Investigating Accountant Paul Burton BDO Corporate Finance (WA) Pty Ltd Non-Executive Technical Director 38 Station Road Subiaco WA 6008 Geoffrey Crow Non-Executive Director Auditor* Rex Turkington KPMG Non-Executive Director 235 St Georges Terrace Perth WA 6000 Eddie Fry Proposed Non-Executive Chairman Independent Geologist Company Secretary Snowden Group Level 6, 130 Stirling Street Simon Robertson Perth WA 6000 Proposed ASX Code Lead Manager TRT Sanlam Private Wealth Level 7, 100 Collins Street Registered Office Melbourne VIC 3000 Level 1, 282 Rokeby Road Telephone: + 61 3 8640 5506 Subiaco WA 6008 Share Registry* Telephone: + 61 8 9327 0950 Facsimile: +61 8 9327 0901 Computershare Investor Services Pty Limited Email: [email protected] Level 11, 172 St Georges Terrace Website: www.trrltd.com.au Perth WA 6000 Solicitors to the Offers Telephone within Australia: 1300 787 272 Telephone outside Australia: +61 8 9323 Steinepreis Paganin 2000 Level 4, The Read Buildings Facsimile: +61 8 9323 2033 16 Milligan Street Perth WA 6000 Solicitors reporting on Tenements Ward Keller Northern Territory House Level 7, 22 Mitchell Street Darwin NT 0800 * This entity is included for information purposes only. It has not been involved in the preparation of this Prospectus. 3999-02/1648083_1 2 2. IMPORTANT NOTICE This Prospectus is dated 31 January 2017 and was lodged with the ASIC on that date. The ASIC and its officers take no responsibility for the contents of this Prospectus or the merits of the investment to which this Prospectus relates. No Securities may be issued on the basis of this Prospectus later than 13 months after the date of this Prospectus. No person is authorised to give information or to make any representation in connection with this Prospectus, which is not contained in the Prospectus. Any information or representation not so contained may not be relied on as having been authorised by the Company in connection with this Prospectus. It is important that you read this Prospectus in its entirety and seek professional advice where necessary. The Securities the subject of this Prospectus should be considered highly speculative. 2.1 Exposure Period This Prospectus will be circulated during the Exposure Period. The purpose of the Exposure Period is to enable this Prospectus to be examined by market participants prior to the raising of funds. You should be aware that this examination may result in the identification of deficiencies in this Prospectus and, in those circumstances, any application that has been received may need to be dealt with in accordance with Section 724 of the Corporations Act. Applications for Securities under this Prospectus will not be processed by the Company until after the expiry of the Exposure Period. No preference will be conferred on applications lodged prior to the expiry of the Exposure Period. 2.2 Electronic Prospectus and Application Forms A copy of this Prospectus can be downloaded from the website of the Company at www.trrltd.com.au. If you are accessing the electronic version of this Prospectus for the purpose of making an investment in the Company, you must be an Australian or New Zealand resident and must only access this Prospectus from within Australia or New Zealand. Applications will only be accepted by applying online at www.trrltd.com.au or on the relevant Application Form attached to, or accompanying this Prospectus or in its paper copy form as downloaded in its entirety from www.trrltd.au. The Corporations Act prohibits any person passing onto another person an Application Form unless it is attached to a hard copy of this Prospectus or it accompanies the complete
Load more

Recommended publications
  • OPENING STATEMENT FULL VERSION 1. Introduction Thank You
    OPENING STATEMENT FULL VERSION 1. Introduction Thank you Chair and Committee for providing Glencore with an opportunity to speak today. We have a full opening statement that can be read into Hansard but would like to highlight a number of key points for the Committee on our business model, tax payments and corporate structures. 2. Glencore Business Model Glencore is one of the world’s largest, diversified natural resource companies, an integrated global producer and marketer of bulk commodities. Our commodities include metals and minerals, energy products and agricultural products. We have more than 90 marketing offices in over 50 countries and our global portfolio of industrial assets includes over 150 mining and metallurgical, oil production and agricultural facilities. We market and distribute physical commodities sourced from our own production and also from third party producers. We also provide financing, processing, storage, logistics and other services to both producers and consumers of commodities. Our global marketing business is a major point of differentiation from our mining peers. Glencore’s direct and indirect business interests span the entire supply chain from exploration and production through to smelting, refining, storage and handling, packaging, rail, trucking, shipping, marketing and trading through to customer end use. Our marketing business is a global logistics network, supplying the commodities that are needed to the places that need them most, sustainably and responsibly. We are open and transparent about our business, and value the relationships we have with our stakeholders. We are proud to be a member of the International Council on Mining and Metals (ICMM), a supporter of the Extractive Industries Transparency Initiative (EITI) and we recently joined the plenary of the UN Voluntary Principles on Security and Human Rights.
    [Show full text]
  • When the River Runs Dry: Human and Ecological Values of Dry Riverbeds
    CONCEPTS AND QUESTIONS 202 When the river runs dry: human and ecological values of dry riverbeds Alisha L Steward1,2*, Daniel von Schiller3, Klement Tockner4, Jonathan C Marshall1, and Stuart E Bunn2 Temporary rivers and streams that naturally cease to flow and dry up can be found on every continent. Many other water courses that were once perennial now also have temporary flow regimes due to the effects of water extraction for human use or as a result of changes in land use and climate. The dry beds of these temporary rivers are an integral part of river landscapes. We discuss their importance in human culture and their unique diversity of aquatic, amphibious, and terrestrial biota. We also describe their role as seed and egg banks for aquatic biota, as dispersal corridors and temporal ecotones linking wet and dry phases, and as sites for the storage and processing of organic matter and nutrients. In light of these valuable functions, dry riverbeds need to be fully integrated into river management policies and monitoring programs. We also identify key knowledge gaps and suggest research questions concerning the values of dry riverbeds. Front Ecol Environ 2012; 10(4): 202–209, doi:10.1890/110136 (published online 29 Mar 2012) ivers that intermittently cease to flow and “run dry” mobilize, deposit, and scour bed sediments. They can also R have been described as being more representative of be exposed to intense solar radiation, wind, and extreme the world’s river systems than those with perennial flows temperatures (Steward et al. 2011). Dry riverbeds may be (Williams 1988).
    [Show full text]
  • Into Queensland, to Within 45 Km of the Georgina River Floodout Complex
    into Queensland, to within 45 km of the Georgina River floodout complex. As a consequence, it is correctly included in the Georgina Basin. There is one river of moderate size in the Georgina basin that does not connect to any of the major rivers and that is Lucy Creek, which runs east from the Dulcie Ranges and may once have connected to the Georgina via Manners Creek. Table 7. Summary statistics of the major rivers and creeks in Lake Eyre Drainage Division Drainage Major Tributaries Initial Interim Highest Point Height of Lowest Straight System Bioregion & in Catchment highest Point Line Terminal (m asl) Major in NT Length Bioregions Channel (m asl) (km) (m asl) Finke River Basin: Finke R. Hugh R., Palmer R., MAC FIN, STP, 1,389 700 130 450† Karinga Ck., SSD Mt Giles Coglin Ck. Todd River Basin: Todd R. Ross R. BRT MAC, SSD 1,164 625 220 200 Mt Laughlin Hale R. Cleary Ck., Pulya Ck. MAC SSD 1,203 660 200 225 Mt Brassey Illogwa Ck. Albarta Ck. MAC BRT, SSD 853 500 230 140 Mt Ruby Hay River Basin: Plenty R. Huckitta Ck., Atula MAC BRT, SSD 1,203 600 130 270 Ck., Marshall R. Mt Brassey Corkwood (+ Hay R.) Bore Hay R. Marshall R., Arthur MAC, BRT, SSD 594 440 Marshal 70 355 Ck. (+ Plenty R.) CHC 340 Arthur Georgina River Basin: Georgina R. Ranken R., James R., MGD, CHC, SSD 220 215 190 >215 † (?Sandover R.) (?BRT) Sandover R. Mueller Ck., Waite MAC, BRT, BRT, 996 550 260 270 Ck., Bundey R., CHC, DAV CHC, Bold Hill Ooratippra Ck.
    [Show full text]
  • Hillgrove Resources Limited
    ASIA PACIFIC COPPER MINER INVESTOR PRESENTATION MARCH 2011 DISCLAIMER No representation or warranty is or will be made by any person (including Hillgrove Resources Limited ACN 004 297 116 (Hillgrove) and its officers, directors, employees, advisers and agents) in relation to the accuracy or completeness of all or part of this document (the Presentation), or the accuracy, likelihood of achievement or reasonableness of any forecasts, prospects or returns contained in, or implied by, the Presentation or any part of it. The Presentation includes information derived from third party sources that has not been independently verified. The Presentation contains certain forward-looking statements with respect to the financial condition, results of operations and business of Hillgrove and certain plans and objectives of the management of Hillgrove. Forward-looking statements can generally be identified by the use of words such as ‘project’, ‘foresee’, ‘plan’, ‘expect’, ‘aim’, ‘intend’, ‘anticipate’, ‘believe’, ‘estimate’, ‘may’, ‘should’, ‘will’ or similar expressions. Indications of, and guidance on, production targets, targeted export output, expansion and mine development timelines, infrastructure alternatives and financial position and performance are also forward-looking statements. Any forecast or other forward-looking statement contained in the Presentation involves known and unknown risks and uncertainties and may involve significant elements of subjective judgment and assumptions as to future events which may or may not be correct. Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors, many of which are beyond the control of Hillgrove, and may cause actual results to differ materially from those expressed or implied in such statements.
    [Show full text]
  • 20 May 2019 Key Iron Oxide Copper Gold and Lead Zinc Targets
    20 May 2019 Key Iron Oxide Copper Gold and Lead Zinc Targets Identified and Secured Highlights: Significant iron oxide copper gold (IOCG) indicators at Tanumbirini West. Large pyritic dolomitic sub basin highly anomalous in lead (prospective for lead zinc deposits in the broader McArthur Basin) at Tanumbirini East. The Northern Territory Government has granted 11 of 12 Exploration Licence Applications at the Victoria River Project (Zinc, Lead) and the Tanumbirini Project Area west of the McArthur River Zinc Mine. The Tanumbirini Project Area strongly supported by Northern Australia Geochemical Survey data base and Airborne Electromagnetic Surveys (both Geoscience Australia databases). Figure 1: Location of the Tanumbirini and Victoria River Projects in the Northern Territory. DGR Global Limited ACN 052 354 837 street: Level 27, 111 Eagle Street post: GPO Box 5261 Brisbane QLD 4001 p +61 7 3303 0680 f +61 7 3303 0681 e [email protected] w www.dgrglobal.com.au Figure 2: The Tanumbirini Project Area – traversed by the sealed Carpentaria Highway and the gas pipeline to the McArthur River Mine The Northern Territory Government has now granted 11 of the 12 Exploration Licences that make up the Tanumbirini and Victoria River Projects to Pennant Resources Pty Ltd, a wholly owned subsidiary of Auburn Resources Limited, 47% owned by DGR Global (see Figures 1 and 2). Tennant Creek and Mt Isa are the preeminent mineral resource hubs for the Northern Territory and Queensland. The region between these two hubs is a vast prospective frontier covered by a thin veneer of sediments. Geoscience Australia (GA), as part of the Federal Government’s “Exploring for the Future” program, undertook an extensive soil sampling survey in collaboration with the Northern Territory Geological Survey and the Geological Survey of Queensland.
    [Show full text]
  • Tng Secures Nt Government Co-Funding to Drill Zinc and Asx
    TNG SECURES NT GOVERNMENT CO-FUNDING TO DRILL ZINC AND ASX 27 June COPPER BASE METAL TARGETS ASX CODE: McARTHUR RIVER REGISTERED TNG NT Government provides $70,000 of funding for diamond drilling Level 1, 282 Rokeby to test two coincident geochemical and geophysical targets Subiaco, Western Australia T +61 8 9327 TNG Limited (ASX: TNG) is pleased to advise that it has secured F +61 8 9327 co-funding from the Northern Territory Department of Mines and W Energy to test two significant base metal targets at its 100%- E owned McArthur River Project, located near the world-class McArthur River Zinc Mine in the Northern Territory (see Figure 1). ABN 12 000 817 The funds will be used to test two areas with zinc-lead-silver- copper mineralised prospective stratigraphy, significant surface Jianrong Paul geochemical anomalism and coincident geophysical anomalism. Michael Stuart Two deep diamond drill holes are planned, for a total of 600m, with Rex drilling expected to commence in August 2014. Wang Under the Geophysics and Drilling Collaborative Funding Program, COMPANY the Northern Territory Government provides co-funding assistance Simon for exploration work in greenfields areas with a paucity of geological information. Mount Peake: More information on this NTDME/NTGS initiative can be found at: Black Range Iron http://www.nt.gov.au/d/Minerals_Energy/index.cfm?header=Geophysics%20and Manbarrum: %20Drilling%20Collaborations East Rover: McArthur: The McArthur River Project is located some 60km south-west of Mount Hardy Sandover the world-class McArthur River Zinc Mine operated by Xstrata, and Walabanba Fe-V-Ti-Cu-Au within the Batten Fault Zone which hosts several other areas of base metal mineralisation, including the recently outlined Teena Deposit (Rox/Teck).
    [Show full text]
  • NT Learning Adventures Guide
    NT Learning Adventures NT Learning Adventures | 1 Save & Learn in the NT Tourism NT recognises that costs and timing are major factors when planning an excursion for your students. The NTLA Save & Learn program provides funding to interstate schools to help with excursion costs - making it easier to choose an NT Learning Adventure for your next school trip. The NT welcomes school groups year round! Go to ntlearningadventures.com to see the current terms and conditions of the NTLA Save & Learn program. Kakadu Darwin Arnhem Land Katherine Tennant Creek For more information and to download Alice Springs a registration form visit: W ntlearningadventures.com Uluru E [email protected] T 08 8951 6415 Uluru Icon made by Freepik. www.flaticon.com is licensed under Creative Commons BY 3.0 2 | NT Learning Adventures Contents Disclaimer This booklet has been produced by Tourism NT NT Learning Adventures 2 to promote the Northern Territory (NT) as an educational tourism destination, in the service of the community and on behalf of the educational Suggested Itineraries 4 tourism sector, to encourage school group visitation to the region. Tour & Travel Operators 12 The material contained in this booklet provides general information, for use as a guide only. It is not Alice Springs Region 27 intended to provide advice and should not be relied upon as such. You should make further enquires and seek independent advice about the appropriateness Learning Adventures 28 of each experience for your particular needs and to inform your travel decisions. Accommodation 36 Climatic conditions and other environmental factors in the NT may impact on travel plans and a person’s ability to engage in activities.
    [Show full text]
  • Alice Springs Telegraph Station Fact Sheet And
    Alice Springs Telegraph Station Historical Reserve The Alice Springs Telegraph Station An entry fee, which includes a Historical Reserve marks the self-guided tour map, is payable Safety and Comfort original site of the first European for access to the buildings in the • Observe park safety signs. settlement in Alice Springs. Historical Precinct (free for locals). • Carry and drink plenty of water. Established in 1872 to relay Access to the remainder of the • Wear a shady hat (or helmet if cycling), sunscreen, insect messages between Darwin and Reserve is free. repellent, suitable clothing and Adelaide, it is the best preserved When to visit footwear. of the twelve stations along the The Reserve is accessible all year • Avoid strenuous activity during Fact Sheet Overland Telegraph Line. The site round. The cooler months (April to the heat of the day. was first recorded by surveyor September) are the most pleasant. • Consider your health and fitness William Mills in March 1871, who when choosing a walk or ride. The Reserve is open between 8am was in search of a suitable route Please Remember and 9pm every day of the year. for the Overland Telegraph Line • Keep to designated roads and through the MacDonnell Ranges. The Historical Precinct is open tracks. Construction of the Telegraph 9am - 5pm every day except • All historic, cultural items and Station began in November 1871. Christmas Day. wildlife are protected. • Use the barbecues provided. The township of Alice Springs What to do obtained its name from the • Put your rubbish in the bins Picnicking - The shaded provided or take it with you.
    [Show full text]
  • Todd River Resources Lodges Supplementary Prospectus
    ASX ANNOUNCEMENT 13 February 2017 TODD RIVER RESOURCES LODGES SUPPLEMENTARY PROSPECTUS Australian strategic metals company TNG Limited (ASX: TNG) advises that Todd River Resources Limited (Todd River Resources) has lodged a supplementary prospectus with the Australian Securities and Investments Commission dated 10 February 2017 (Supplementary Prospectus) to be read together with Todd River Resources’ prospectus dated 31 January 2017 (Original Prospectus). The Supplementary Prospectus contains an amended Independent Geologist’s Report which replaces the Independent Geologist’s Report contained in the Original Prospectus in its entirety. A copy of the Original Prospectus and the Supplementary Prospectus can be obtained at www.trrltd.com.au or via TNG’s website at www.tngltd.com.au. The Offer will now open on Wednesday 15 February 2017. Applications for new shares in Todd River Resources can be made from that date. TNG shareholders or other investors wishing to apply for securities in Todd River Resources will need to complete an application form in accordance with the directions set out in the Prospectus and Supplementary Prospectus. TNG shareholders will receive a priority in applying for new shares under the IPO, subject at all times to the final allocation of securities remaining at the sole discretion of the Todd River Resources board of directors to ensure the company has an appropriate shareholder base on admission to the Official List of the ASX. TNG Shareholders will also receive an in-specie distribution of shares in Todd River Resources through the de- merger process, subject to certain conditions being satisfied. The demerger will create a base metal-focused exploration company with a specific focus on the highly prospective Northern Territory.
    [Show full text]
  • Department of Health Library Services Epublications - Historical Collection
    Department of Health Library Services ePublications - Historical Collection Purpose To apply preservation treatments, including digitisation, to a high value and vulnerable Historical collection of items held in the Darwin and Alice Springs libraries so that the items may be accessed without causing further damage to the original items and provide accessibility for stakeholders. Reference and Research Disclaimer Please note: this document is part of the Historical Collection and the information contained within may be out of date. This copy is a reproduction of an original record. Please note that the quality of the original record may be poor and cannot be enhanced with the scanning process. Northern Territory Department of Health Library Services Historical Collection 0 0-7,::;_ 7 HISTORICAL COLLECTION ""€ NT DEPARTMENT OF HEALTH I -~ l ~ AND COMMUNITY SERVICES ·la..- j ~ .. ~ '~ .. ' .. • t. ;., :· .. : ,... ... '! ..- • ..._._.( .....' . :-. !. MEDICAL ENTOMOLOGY INVESTIGATION •' . {:~ OF PROPOSED JUNCTION WATER HOLE DAM ON THE TODD RIVER ""-. •'So ti : t i r• ..: I.• l • '• . ' "ii -' • ~ • I ' . ' ' ' I ( I • ~ • • ~ I I~ 't I!' ~. • • • ·1, J ~ • :. • .'.!. ', ,, . r • I •/, l ·~. • •..... "·,1 '). I .} ...1. .,' • : • I J l• ".• ·, it, ! ·•,, 1 f ~.. ; ...... ' . ,,._ For more Information Contact: ' '' I j,t 1· Department of Health and Community Services : 'I• Medical Entomology Branch GPO Box 1701 •I ' DARWIN NT 0801 • I Telephone 22 8333 Peter Whelan Senior Medical Entomologist , .. 'DLHIST 614.4323 .J WHE 'i 1990 ,.. I 1l1[1l1~11i1 ~lllf1111ij1i 1111]1i11~1111 ~1~1ij 111111~11 3 oa20 00019002 o 1':3~() MEDICAL ENTOMOLOGY INVESTIGATION OF PROPOSED JUNCTION WATERHOLE DAM ON THE TODD RIVER . PETER WHELAN SENIOR MEDICAL ENTOMOLCGIST MEDICAL ENTO'v10LCGY BRANCH NORTHERN TERRITORY DEPARTMENT OF HEALTH AND COMMUNITY SERVICES MARCH 1990 TABLE OF CONTENTS PAGE 1.
    [Show full text]
  • High Grade Zinc Discovery at Teena
    ROX RESOURCES LIMITED – 22 December 2011 ASX/MEDIA RELEASE 5 August 2013 HIGH GRADE ZINC DISCOVERY AT TEENA Highlights • First drill hole intersected a 116m interval of variable mineralisation from 1,012m • Multiple zones of mineralisation intersected above a 2.5% Zn+Pb cut-off • 26.4m @ 13.3% Zn+Pb, including o 16.2m @ 17.2% Zn+Pb, including o 8.0m @ 21.2% Zn+Pb • Teena prospect hosts high-grade Sedex zinc-lead sulphide mineralisation similar to the McArthur River mine located 10km away • Second hole, approximately 200m west of the first, has intersected visually similar mineralisation • Drilling is ongoing with results to come Rox Resources Limited (ASX: RXL) (“Rox” or “the Company”) is pleased to report spectacular results from the first hole of a drilling program currently underway at the Teena prospect located on the Reward zinc project in the Northern Territory (Figures 1 & 2). The drilling program is being managed by Teck Australia Pty Ltd (“Teck”) under an Earn-in Agreement with Rox, with Teck funding all drilling and other exploration costs. The first hole drilled by Teck into the prospect, TNDD009 (Figures 3 & 4) has intersected a 116m interval of variable zinc and lead mineralisation from 1,102m, with multiple zones of mineralisation above a 2.5% Zn+Pb cut-off, (full results are listed in Table 1). Rox Managing Director Ian Mulholland commented, “This is a new discovery, potentially the most significant zinc discovery in Australia since CRA found the Century zinc deposit in the early 1990’s. The cumulative thickness of mineralisation in the hole is comparable with the adjacent McArthur River zinc mine, and the grade of the 26.5m interval (13.3% Zn+Pb) is comparable to the published average grade of the McArthur River deposit (13.1% Zn+Pb)”.
    [Show full text]
  • March 2015 Quarterly Activities Report
    ASX ANNOUNCEMENT 29 April 2015 March 2015 Quarterly Activities Report Feasibility Study on Mount Peake Vanadium Project progressing for delivery as TNG prepares to spin-off NT base metal assets for shareholder value HIGHLIGHTS MOUNT PEAKE VANADIUM-TITANIUM-IRON PROJECT (NT) • Mount Peake Feasibility Study progressed on schedule with the final aspects of the Study nearing completion and the overall project development pathway on track. • Two Binding Term Sheets signed with the leading Korean ferro-vanadium group, WOOJIN IND. CO. Ltd, for vanadium off-take encompassing at least 60% of the vanadium pentoxide (V2O5) to be produced by Mount Peake and for the transfer of WOOJIN’s proprietary ferro-vanadium technology to TNG, allowing it to convert V2O5 into high-value ferro-vanadium (FeV). • Memorandum of Understanding signed with leading Australian industrial, construction and environmental service provider, McMahon Services Australia Pty Ltd, and leading indigenous contractor, Intract Australia Limited, for civil engineering and construction work at Mount Peake. • Successful geotechnical and aquifer drilling completed as part of the Mount Peake Feasibility Study, with key outcomes including: Discovery of a large aquifer system capable of providing a sustainable long-term source of water to supply all requirements for the project over its planned 20-plus year life; Completion of diamond drilling within the proposed open pit area, generating excellent quality data to feed into the geotechnical model with overall competent ground conditions expected around the pit. • Global firm GHD appointed to complete the final Environmental Impact Statement for Mount Peake. The EIS is expected to be submitted to regulatory authorities at the end of Q2 2015, in parallel with completion of the Mount Peake Feasibility Study.
    [Show full text]