Altona Mining Limited: SRIG Transaction on Track

(firmenpresse) - Altona Mining Limited: SRIG Transaction on Track

· Deposit lodged: Altona and Sichuan Railway Investment Group (SRIG) have agreed, subject to conditions, to form a joint venture such that SRIG will contribute US$214 million (A$301 million*) cash to the Cloncurry Project. Altona has received a US$2 million Performance Guarantee from the Bank of China securing the deposit paid by SRIG.

· SRIG due diligence underway: SRIG has engaged financial, technical and legal advisors and is currently undertaking confirmatory drilling at Little Eva. Due diligence may complete in late November / early December.

· Agreed work programme in progress: SRIG and Altona have agreed a work programme to advance the Cloncurry Project whilst due diligence and regulatory approvals are completed. Diamond drilling has commenced at Turkey Creek, Little Eva and Bedford to obtain metallurgical sample.

· Pit optimisations completed: At Turkey Creek, approximately two years of additional mine life can be delivered from an optimised pit. Current resource models and costs have also been used to re-optimise the Little Eva, Bedford and Lady Clayre pits with a material impact on total tonnage reporting to pits and to mine life.

· Altona resumes control of Roseby South: The 475km2 100% owned Roseby South Project immediately adjoins the Cloncurry Project and has significant copper and zinc exploration targets. Altona is evaluating work undertaken by the prior operator.

· 3rd consecutive annual profit: Altona continues to demonstrate its financial success, the annual accounts report a healthy A$31 million annual profit resulting from the operation and sale of Finnish assets.

· Cash Balance: At 30 September 2015 Altonas cash balance was A$45 million. The principal expenditure this quarter was the payment of mining licence fees.

* Assumes AUD:USD of 0.71.

--ASX releases

Altona lodged seven ASX releases relating to its activities since the last Quarterly Report. These announcements provide a more detailed description of activities than this report.

08-10-2015-New Drilling Results from the Cloncurry Project
06-10-2015-Update on SRIG-Altona Transaction
30-09-2015 -Altona Resumes Operatorship of the 100% Owned Roseby Sth Project
23-09-2015 -2015 Annual Report - Third consecutive year of profit
16-09-2015 -Cloncurry Joint Venture Framework Agreement-US$2M Deposit Lodged
10-08-2015 -Turkey Creek Pit Optimisation Study Adds Mine Life to Cloncurry
30-07-2015 -Altona Welcomes MMGs Approval to Develop Dugald River Mine

--SRIG Joint Venture

Major joint venture announced--Altona concluded a binding Framework Agreement with SRIG on 26 June 2015. The agreement is subject to certain conditions.

--The parties have agreed to establish an incorporated joint venture holding Altonas Cloncurry Project located in north-west Queensland, with SRIG to contribute cash of US$214.46 million and have a 60% interest in the joint venture. Altona will retain a 40% interest in the joint venture and is to contribute the Cloncurry Project and cash of US$38 million.

Project will be fully funded--The cash to be contributed by the joint venture partners of US$252.46 million equates to A$355 million at current exchange rates (AUD:USD 0.71) and will exceed the estimated capital cost (A$294 million) of the Little Eva mine and provide a substantial allowance for working capital and overruns.

--The transaction values the Cloncurry Project on a pre-cash contribution basis at US$105 million.

US$2 million deposit paid--Altona received a Performance Guarantee from the Bank of China that affirms the US$2 million deposit required under the Framework Agreement with SRIG has been deposited and is reserved for payment to Altona in the event of default by SRIG.

Due diligence underway--As per the Framework Agreement, SRIG is now undertaking the formal due diligence required by Chinese authorities. This includes the drilling of two diamond drill holes at Little Eva to confirm resource estimates. This drilling is currently underway. In parallel with the due diligence the parties will complete full and formal documentation. The key points of these documents have been agreed and are contained within the Framework Agreement. The parties are targeting the execution of the formal agreements to occur on or before 30 November 2015, although it is likely this may not occur until late November / early December.

On completion of the due diligence and execution of the formal agreements, the parties will proceed to seek formal approvals from the Chinese (SASAC of the Sichuan Province) and Australian (FIRB) regulatory authorities. This process may take up to three months to complete.

--About SRIG

SRIG is a financially robust partner--SRIG was established in 2009, is based in Chengdu in south-western China and is 100% owned by the Sichuan provincial government. The groups principal businesses are in the road, bridge and rail construction and management sectors. SRIG had total assets of US$26.8 billion in 2014 and revenues over US$6 billion. It has more than 20,000 employees. SRIG has signalled its intention to diversify into other industries both within China and internationally.

CCXI, a Moodys company, rated SRIG as AA+ with a stable outlook for a 2014 bond issue of approximately US$320 million. CCXI noted SRIGs expertise, highlighting that SRIG was the first Chinese enterprise to secure an overseas bridge construction contract (Norway).



Corporate

Altona maintains a strong cash balance--Altona had A$45.0 million of funds on deposit at 30 September 2015. This provides Altona with a strong cash position to underpin the SRIG transaction.

Cash movements for the quarter are tabulated below:

A$ (millions)
Opening cash (1st July) 46.8
Exploration and evaluation (0.5)
Mining licence fees and charges (0.8)
Corporate including SRIG (0.8)
transaction
costs

Interest received and other 0.3
Closing cash (30th September) 45.0


The principal assets of the company are the five mining leases at the Cloncurry Project. Queensland Government annual fees are A$0.8 million and were paid this quarter.

Company focus on delivering Cloncurry the Project--Altona has a small staff of 6 and its Board will reduce to three Non-Executive Directors and the Managing Director effective from the Annual General Meeting. Altona is utilising part-time contractors to assist with managing the SRIG work programme. Altona strives to retain the expertise to conclude the SRIG transaction, manage the Cloncurry asset and maintain the public company at minimum cost.

During the quarter, Altona commenced the process of winding up its wholly owned Finnish subsidiary, Vulcan Kotalahti Oy. Boliden retains an option over the assets held by the other Finnish subsidiary company still held by Altona.

Share Price Activity on ASX

Quarter open-9.5¢
High-9.5¢
Low-8.0¢
Quarter close-8.5¢
Average daily volume-1,159,226

Annual results

Highlights from Altonas annual financial results which were released during the quarter were:

· Profit before tax of A$33 million for FY2015.
· Sale of Finnish operations to Boliden Mineral AB in October 2014 for A$112 million.
· 15 cents per share returned to shareholders in February 2015 as a 12 cent capital return and a 3 cent dividend.



Cloncurry Copper Project

The Cloncurry Project offers a large resource of 287 million tonnes at 0.6% copper, 0.04g/t gold for 1.65 million tonnes contained copper and 0.4 million ounces gold and is close to infrastructure. It is located 90 kilometres north-east of Mt Isa and 11 kilometres north of MMGs $1.2 billion Dugald River zinc mine.

The Little Eva Copper-Gold Project is planned to be the first mine development at the Cloncurry Copper Project. A Definitive Feasibility Study (DFS) announced by Altona on 13 March 2014 for the Little Eva development anticipates the construction of a 7 million tonne per annum open-pit mine and flotation plant capable of producing 39,000 tonnes per annum copper and 17,000 ounces gold over an initial mine life of 11 years. The principal permits required are in place.

The project sits within granted mining licences and native title agreements and the environmental authority are in place.

Agreed SRIG Work Programme

Altona and SRIG agreed a programme of work of up to US$2 million to advance and maintain the project whilst SRIG complete formal due diligence and the parties obtain various regulatory approvals. Any costs incurred by Altona from this programme would be credited as a cash contribution towards Altonas obligations under the Framework Agreement.

Assessing the impact of Turkey Creek--The principal purpose of the work is to incorporate the recent Turkey Creek discovery into the mine plan thus allowing the layout of pits, waste dumps and the Tailings Storage Facility (TSF) to be revised. This will permit the existing Environmental Management Plan (EMP) to be updated and lodged with the authorities.

Mining Studies

Mining studies indicate opportunity for increased value--The deposits that will provide feed to the Little Eva mill are Little Eva, Turkey Creek, Bedford, Lady Clayre and Ivy Ann. These deposits were optimised and pits designed in 2012 (other than the recent Turkey Creek discovery). New resource models and the 2014 DFS mining costs used were used in a new optimisation completed during the quarter. The 2014 costs were significantly below those used in the prior optimisation. Initial results of new optimisations indicate the potential for a material increase in reserves at the Project.

Studies are now focussed on the optimum schedule for mining these deposits and determining the optimum layout for waste dumps and mining related infrastructure. This is required to update the Environmental Authority.

Drilling Programme

Metallurgical drilling underway--Altona has commenced a 555 metre diamond drilling programme at Turkey Creek, Little Eva and Bedford to collect metallurgical samples.

An opportunity exists for a significant improvement in the value of the Project if oxide mineralisation can be included in the mine plan. This material is not in the DFS mine plan and is planned to be stockpiled when mined as part of pre-strip to access sulphide ore.

The drill rig contracted by Altona is to be used by SRIG to conduct confirmatory twinning of certain drill holes as part of their formal due diligence.

Infrastructure and layout

Preliminary work has commenced on modifying the design of the TSF and the infrastructure layout at the Little Eva plant site.

Assays of pre-Altona Core

Assay results highlight the quality of the large Cloncurry Resource--Drilling results from assaying of 9 diamond drill holes that were drilled, but never assayed were reported. The holes were drilled for geotechnical and metallurgical purposes prior to the formation of Altona in 2010.

The results include the following highlights:

Little Eva deposit:-29.1 metres at 1.41% copper, 0.11g/t gold
-35.0 metres at 0.60% copper, 0.23g/t gold

Bedford deposit:-4.4 metres at 1.15% copper, 0.25g/t gold

Scanlan deposit:-34.0 metres at 0.69% copper
-20.7 metres at 0.68% copper

A full table of results, Altonas standard sampling and assaying methodology and location map is given in the ASX Release dated 8 October 2015..

The results confirm current resource models and highlight a number of areas for minor extensions and adjustments to the models. The sampling is part of systematic review of deposit models ahead of the proposed project development.

The results serve as a reminder of the scale and tenor of the very large resource available at the Cloncurry Project of:

286 million tonnes at 0.57% copper, 0.04g/t gold for 1.65 million tonnes of contained copper and 0.41 million ounces of contained gold.


Roseby South Project

Roseby South is a strategic 100% owned asset--

The Roseby South Project (Roseby South) is now unencumbered as the option held by Chinalco Yunnan Copper (CYU) to earn an interest in the project has expired. The project is 100% owned by Altona, and operated by Altona.

Roseby South abuts Altonas 100% owned Cloncurry Copper Project. It is not included in the SRIG Framework Agreement.


Roseby South covers an area of 475km2 and covers the extension of the prospective stratigraphy which hosts both Altonas Cloncurry Copper Project and MMG Limiteds Dugald River Zinc mine immediately to the north. The option to CYU was granted two years ago and Roseby South has greatly increased in strategic value with the go-ahead of the Dugald River mine, the announcement of the Altona-SRIG agreement and Altonas Turkey Creek discovery.

The large mineralised system identified at Companion within Roseby South offers a near-term prospect for resource definition. Highlights from previous drilling include the following:

-26 metres at 0.68% copper, 0.25g/t gold from 63 metres; including 15 metres at 1.15% copper and 0.41g/t gold.
-34 metres at 0.75% copper, 0.21g/t gold from 54 metres; including 4 metres at 1.86% copper and 0.21g/t gold


Competent Persons Statement and ASX Compliance


--Competent Persons Statement: The information in this report that relates to Exploration Targets, Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Dr Alistair Cowden, BSc (Hons), PhD, MAusIMM, MAIG. Dr Cowden is a full time employee of the Company and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaking to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Dr Cowden consents to the inclusion in the report of the matters based on their information in the form and context in which it appears.

Little Eva Project production target and forecast financial information: Information in this release refers to a production target and the forecast financial information derived from a production target as per the ASX release Cost Review Delivers Major Upgrade to Little Eva dated 13 March 2014, which is available to be viewed at www.altonamining.com or www.asx.com.au. The Company confirms that all the material assumptions underpinning the production target and the forecast financial information derived from the production target referred to in the above-mentioned release continue to apply and have not materially changed.

Copper equivalence: When used, copper equivalent refers to copper in concentrate produced, or planned to be produced. It does not refer to metal contained within insitu resources, reserves or drill results. The copper equivalent grade is calculated by factoring the copper grade by revenues estimated from all metals (NSR) being copper, zinc, gold and silver.

ABOUT ALTONA

Altona Mining Limited (ASX: AOH - http://www.commodity-tv.net/c/mid,3159,Companies_und_Projects/?v=286622 ) is an ASX listed company which recently sold its successful Outokumpu mine in Finland and is now focussed on the Cloncurry Project in Queensland, Australia.

The Cloncurry Copper Project has resources containing some 1.65Mt of copper and 0.41Moz of gold. The first development envisaged is the 7Mtpa Little Eva open pit copper-gold mine and concentrator. Altona has completed a Framework Agreement with Sichuan Railway Investment Group to fully fund and develop Little Eva. Major permits are in place with proposed annual production of 38,800t of copper and 17,200oz of gold for a minimum of 11 years. A Definitive Feasibility Study was published in March 2014.

Key metrics as at 30/09/2015:

Shares on issue:-534,800,592
Share rights on issue:-4,855,000
Cash:-A$45M
Share price:-8.5 cents
Market capitalisation:-A$45M

Altona Mining Limited
ACN: 090 468 018
Ground Floor, 1 Altona Street
West Perth Western Australia 6005
T: +61 8 9485 2929
E: altona(at)altonamining.com
W: www.altonamining.com

ASX: -AOH
Frankfurt: -A20

Please direct enquiries to:--Alistair Cowden-James Harris
Managing Director-Professional Public Relations
Tel: +61 8 9485 2929-Tel: +61 8 9388 0944
altona(at)altonamining.com -james.harris(at)ppr.com.au
-
Jochen Staiger
Swiss Resource Capital AG - Germany
Tel: +41 71 354 8501
js(at)resource-capital.ch


QUARTERLY REPORT JUNE 2015
Table 1: Resource Estimates for the Cloncurry Project
DEPOSIT TOTAL CONTAINED MEASURED INDICATED INFERRED
METAL
TonnesGrade CopperGold TonnesGrade TonneGrade TonnesGrade
millioCu Au tonnesouncesmillioCu Au milliCu Au millioCu Au
n % g/t n % g/t on % g/t n % g/t

COPPER GOLD DEPOSITS
Little Eva 105.9 0.52 0.09 546,00295,0037.1 0.60 0.09 45.0 0.46 0.08 23.9 0.50.10
0 0 0

Ivy AnnA 7.5 0.57 0.07 43,00017,000- - - 5.4 0.60 0.08 2.1 0.40.06
9

Lady Clayre14.0 0.56 0.20 78,00085,000- - - 3.6 0.60 0.24 10.4 0.50.18
A 4

BedfordA 1.7 0.99 0.20 17,00011,000- - - 1.3 1.04 0.21 0.4 0.80.16
3

Sub-tot129.1 0.53 0.10 684,00409,0037.1 0.60 0.09 55.3 0.49 0.09 36.7 0.50.12
al 0 0 1

COPPER ONLY DEPOSITS
BlackardA 76.4 0.62 475,00- 27.0 0.68 - 6.6 0.60 - 42.7 0.5-
0 9

ScanlanA 22.2 0.65 143,00- - - - 18.4 0.65 - 3.8 0.6-
0 0

Turkey 21.0 0.59 123,00- - - - 17.7 0.59 - 3.4 0.5-
Creek 0 8

LongamundiA10.4 0.66 69,000- - - - - - - 10.4 0.6-
6

LegendA 17.4 0.54 94,000- - - - - - - 17.4 0.5-
4

Great South6.0 0.61 37,000- - - - - - - 6.0 0.6-
ern 1
A
CarolineA 3.6 0.53 19,000- - - - - - - 3.6 0.5-
3

Charlie Bro0.7 0.40 3,000 - - - - - - - 0.7 0.4-
wn 0
A
Sub-tot157.7 0.61 963,00- 27.0 0.68 - 42.7 0.62 - 88.1 0.5-
al 0 9

TOTAL 286.8 0.57 0.04 1,647,409,0064.1 0.63 0.05 98.0 0.55 0.05 124.8 0.50.04
000 0 7
A This information was prepared and first disclosed under the JORC Code 2004 Edition. It has not been updated since to comply with the JORC Code 2012 on the basis that the information has not materially changed since it was last reported. All other resources classified and reported in accordance with JORC Code 2012 edition.
Note: Tonnages are dry metric tonnes and have been rounded, hence small differences may be present in the totals.
See ASX release of 23 October 2007 and 26 July 2011 (Longamundi, Great Southern, Caroline and Charlie Brown), 23 April 2012 (Bedford, Ivy Ann and Lady Clayre), 03 July 2012 (Blackard and Scanlan), 22 August 2012 (Legend), 27 May 2014 (Little Eva) and 18 March 2015 (Turkey Creek) for full details of resource estimation. Little Eva is reported above a 0.2% copper lower cut-off grade, all other deposits are above 0.3% lower copper cut-off grade.


-8.
QUARTERLY REPORT SEPTEMBER 2015
The ASX releases referenced in Table 1 is on the Altona website at www.altonamining.com. The Company confirms that it is not aware of any new information or data that materially affects the information included in the most recent market announcement for each deposit and, in the case of Mineral Resources and Ore Reserves, that all material assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Persons findings are presented have not materially modified from the original market announcement.


-14.
QUARTERLY REPORT SEPTEMBER 2015

APPENDIX 5B
Mining Exploration entity quarterly report

Name of entity
ALTONA MINING LIMITED

ABN--Quarter ended (current quarter)
35 090 468 018 30 September 2015

Consolidated statement of cash flows

Current Year to
Cash flows related to operating Quarter Date
activities
(3 months) (3 months)
A$000 $A000
1.1-Receipts from product sales and -- --
related
debtors


1.2-Payments for-(a)-exploration and -(1,359) -(1,359)
evaluation

---(b)-development -- --
---(c)-production -- --
---(d)-administration and corporate -(807) -(807)
activities

1.3-Dividends received -- --
1.4-Interest and other items of a -322 -322
similar nature
received

1.5-Interest and other costs of -(1) -(1)
finance
paid

1.6-Income taxes rebate -- --
1.7-Other* -3 -3

-Net Operating Cash Flows -(1,842) -(1,842)
-Cash flows related to investing
activities

1.8-Payment for purchases of:-(a)-pros-- --
pects

---(b)-equity investments -- --
---(c)-other fixed assets -- --
1.9-Proceeds from sale of:-(a)-prospec-- --
ts

---(b)-equity investments -- --
---(c)-other fixed assets -- --
1.10-Loans to other entities -- --
1.11-Loans repaid by other entities -- --
1.12-Other -- --
-Net investing cash flows -- --
1.13-Total operating and investing -(1,842) -(1,842)
cash flows (carried
forward)

* Includes VAT/GST.

-Cash flows related to financing
activities

1.14-Proceeds from issues of shares -- --
(net of
costs)

1.15-Proceeds from sale of forfeited -- --
shares

1.16-Proceeds from borrowings -- --
1.17-Repayment of borrowings -- --
1.18-Dividends paid -- --
1.19-Other -- --
-Net financing cash flows -- --
-Net increase (decrease) in cash held -(1,842) -(1,842)
1.20-Cash at beginning of quarter/year-46,838 -46,838
1.21-Exchange rate adjustments to 1.20-21 -21
1.22-Cash at end of quarter 45,017 45,017


Payments to directors of the entity and associates of the directors
Payments to related entities of the entity and associates of the related entities
Current
quarter

$A000
1.23-Aggregate amount of payments to the parties 190
included in item
1.2


1.24-Aggregate amount of loans to the parties -
included in item
1.10

1.25-Explanation necessary for an understanding of the transactions

Payment of executive and non-executive directors fees,
salaries and
superannuation
.


Non-cash financing and investing activities

2.1-Details of financing and investing transactions which have had a material effect on consolidated assets and liabilities but did not involve cash flows

N/A

2.2 Details of outlays made by other entities to establish or increase their share in projects in which the reporting entity has an interest

N/A
Financing facilities available

Add notes as necessary for an understanding of the position.

Amount Amount used
available $A000

$A000
3.1-Loan facilities - -
3.2-Credit standby arrangements - -


Estimated cash outflows for next quarter (excluding any proceeds from concentrate sales and other income)

$A000
4.1-Evaluation/Exploration 1,347
4.2 Development -
4.3 Production -
4.4 Administration and corporate 861
activities

-Total 2,208


Reconciliation of Cash

Reconciliation of cash at the end of Current Previous
the quarter (as shown in the quarter quarter
consolidated statement of cash $A000
flows) to the related items in the $A000
accounts is as
follows.

5.1-Cash on hand and at bank -342 -310
5.2-Deposits at call -44,675 -46,528
5.3-Bank overdraft -- --
5.4-Other (provide details) -- --
-Total: cash at end of quarter (item -45,017 -46,838
1.22)


Changes in interests in mining tenements
6.0-See attached Schedule A.
Issued and quoted securities at end of current quarter

Total Number Issue Amount paid
number quoted price up per
per security
security

7.1-Preference - - - -
-securities
-(description)

7.2 Changes - - - -
during

-quarter

7.3-Ordinary 534,800,5534,800,59- -
-securities 92 2

7.4-Changes - - - -
during


-quarter
-- Issued

7.5 Converting - - - -
debt

-Securities
-(description
and


-conversion
factor)


7.6 Changes - - - -
during


-quarter

7.7 Options
-(description
and 4,855,000- - -
^
-conversion
factor)


7.8-Issued 930,000 - - -
during

-quarter

7.9-Exercised - - - -
during

-quarter

7.10-Expired 2,668,667-
during ^ - -


-quarter

7.11-Debentures - - - -
-(totals only)

7.12-Unsecured - - - -
notes

-(totals only)

^ -Share rights issued pursuant to approved Employee Share Scheme. These Share Rights form part of the Long Term Incentive Scheme in compliance with Altonas Remuneration Policy. The Share Rights have various expiry dates and performance hurdles.


Compliance statement

1. This statement has been prepared under accounting policies which comply with accounting standards as defined in the Corporations Act or other standards acceptable to ASX.

2. This statement does give a true and fair view of the matters disclosed.


http://www.irw-press.at/prcom/images/messages/2015/27273/29102015_EN_AOH_Quarterly ended 30 September 2015.001.jpeg


Sign here:--Date: 29 October 2015

Company Secretary

Print Name:-Eric Hughes


SCHEDULE A

AUSTRALIAN MINING TENEMENTS

Interests in mining tenements relinquished, reduced or lapsed during the quarter

None.

Interests in mining tenements acquired or increased during the quarter

None.

Interests in mining tenements at end of the quarter

The area under granted EPMs within Queensland presently totals 1252.3 km².

Cloncurry Project: Mining Leases (ML)
Number Name Holder Beneficial
Interest
Held
90162 Scanlan Altona Mining Ltd / 100%
Roseby Copper Pty
Ltd

90163 Longamundi Altona Mining Ltd / 100%
Roseby Copper Pty
Ltd

90164 Blackard Altona Mining Ltd / 100%
Roseby Copper Pty
Ltd

90165 Little Eva Altona Mining Ltd / 100%
Roseby Copper Pty
Ltd

90166 Village Altona Mining Ltd / 100%
Roseby Copper Pty
Ltd

Cloncurry Project: Exploration Permit for
Minerals
(EPM)

Number Name Holder Beneficial
Interest Held
8059 Cameron RiverRoseby Copper Pty Ltd 100%
8506 Mt Roseby Roseby Copper Pty Ltd 100%
10266 Highway Roseby Copper Pty Ltd 100%
12121 Gulliver EastRoseby Copper Pty Ltd 100%
12492 Queen Sally Roseby Copper Pty Ltd 100%
12493 Quamby Roseby Copper Pty Ltd 100%
12529 Cabbage Tree Roseby Copper Pty Ltd 100%
13249 Lilliput Roseby Copper Pty Ltd 100%
14363 Bannockburn Roseby Copper Pty Ltd 100%
14556 Coolullah Roseby Copper Pty Ltd 100%
14822 River Gum Roseby Copper Pty Ltd 100%
18784 Roseby East Roseby Copper Pty Ltd 100%
18983 Coolullah NorRoseby Copper Pty Ltd 100%
th

Regional Projects: Exploration Permit for
Minerals
(EPM)

Number Name Holder Beneficial
Interest Held
9611 Happy Valley Roseby Copper (South) 100%
Pty
Ltd

14370 Malakoff Roseby Copper (South) 100%
Pty
Ltd

14371 Mt. Angelay Roseby Copper (South) 100%
Pty
Ltd


Chinalco Yunnan Joint Venture (EPM)
Number Name Holder Beneficial
Interest Held
9056* Pinnacle Roseby Copper (South) 100%
Pty
Ltd


10833* Cameron Roseby Copper (South) 100%
Pty
Ltd

11004* Ogorilla Roseby Copper (South) 100%
Pty
Ltd

11611* Gulliver Roseby Copper (South) 100%
Pty
Ltd

14365* Corella Roseby Copper (South) 100%
Pty
Ltd

14535* Roseby InfillRoseby Copper (South) 100%
Pty
Ltd
* -These tenements were subject to a Farm-in Agreement with Chinalco Yunnan Copper Resources Ltd. The Farm-in was concluded as set out in ASX announcement of 30 September 2015.

Finnish Projects
Mining Licences/Mining Permits
Number Name Holder Beneficial
Interest Held
K7802 Hautalampi Vulcan Hautalampi Oy 100%
KL2015:0Särkiniemi Vulcan Kotalahti Oy 100%
004

Unternehmensinformation / Kurzprofil:
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Bereitgestellt von Benutzer: irw
Datum: 30.10.2015 - 08:07 Uhr
Sprache: Deutsch
News-ID 430682
Anzahl Zeichen: 36070

contact information:
Town:

Wien

Kategorie:

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