공시 • May 14
Catalina Resources Ltd has filed a Follow-on Equity Offering in the amount of AUD 3 million. Catalina Resources Ltd has filed a Follow-on Equity Offering in the amount of AUD 3 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 27,248,589
Price\Range: AUD 0.055
Discount Per Security: AUD 0.00275
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 27,296,866
Price\Range: AUD 0.055
Discount Per Security: AUD 0.00275
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing New Risk • Mar 13
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$3.2m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$3.2m free cash flow). Share price has been highly volatile over the past 3 months (34% average weekly change). Earnings have declined by 25% per year over the past 5 years. Shareholders have been substantially diluted in the past year (161% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$12.0m market cap, or US$8.47m). 공시 • Feb 24
Newcam Minerals Pty Ltd entered into a binding agreement to acquire Nelson Bay River iron ore project in Tasmania, Australia from Catalina Resources Ltd (ASX:CTN). Newcam Minerals Pty Ltd entered into a binding agreement to acquire Nelson Bay River iron ore project in Tasmania, Australia from Catalina Resources Ltd (ASX:CTN) on February 24, 2026. Under the terms of the agreement, completion of the transaction will result in the release of AUD 0.82 million currently held as a Rehabilitation Security Deposit back to Catalina, together with nominal cash consideration.
Completion is subject to customary conditions precedent, including regulatory and administrative approvals. Board Change • Jan 13
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. COO & Executive Director Jade Smith was the last director to join the board, commencing their role in 2025. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. 공시 • Nov 25
Catalina Resources Ltd has completed a Follow-on Equity Offering in the amount of AUD 1.266 million. Catalina Resources Ltd has completed a Follow-on Equity Offering in the amount of AUD 1.266 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 422,000,000
Price\Range: AUD 0.003
Discount Per Security: AUD 0.00015
Transaction Features: Subsequent Direct Listing 공시 • Nov 19
Catalina Resources Ltd has filed a Follow-on Equity Offering in the amount of AUD 1.266 million. Catalina Resources Ltd has filed a Follow-on Equity Offering in the amount of AUD 1.266 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 422,000,000
Price\Range: AUD 0.003
Discount Per Security: AUD 0.00015
Transaction Features: Subsequent Direct Listing 공시 • Oct 07
Catalina Resources Ltd has filed a Follow-on Equity Offering in the amount of AUD 0.06 million. Catalina Resources Ltd has filed a Follow-on Equity Offering in the amount of AUD 0.06 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 15,000,000
Price\Range: AUD 0.004
Transaction Features: Subsequent Direct Listing New Risk • Sep 20
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (24% average weekly change). Earnings have declined by 18% per year over the past 5 years. Shareholders have been substantially diluted in the past year (96% increase in shares outstanding). Revenue is less than US$1m (AU$135k revenue, or US$89k). Market cap is less than US$10m (AU$9.70m market cap, or US$6.40m). Minor Risk Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). 공시 • Jul 17
An undisclosed buyer completed the acquisition of an unknown minority stake in MetalsGrove Mining Limited (ASX:MGA) from Catalina Resources Ltd (ASX:CTN) for AUD 0.24 million. An undisclosed buyer acquired an unknown minority stake in MetalsGrove Mining Limited (ASX:MGA) from Catalina Resources Ltd (ASX:CTN) for AUD 0.24 million on July 17, 2025. The proceeds from the sale will strengthen Catalina’s cash position and will be used to advance ongoing exploration initiatives.
An undisclosed buyer completed the acquisition of an unknown minority stake in MetalsGrove Mining Limited (ASX:MGA) from Catalina Resources Ltd (ASX:CTN) on July 17, 2025. 공시 • May 07
Catalina Resources Ltd has completed a Follow-on Equity Offering in the amount of AUD 2.274393 million. Catalina Resources Ltd has completed a Follow-on Equity Offering in the amount of AUD 2.274393 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 122,914,708
Price\Range: AUD 0.003
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 635,216,238
Price\Range: AUD 0.003
Transaction Features: Rights Offering New Risk • Apr 18
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 34% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (41% average weekly change). Earnings have declined by 18% per year over the past 5 years. Shareholders have been substantially diluted in the past year (34% increase in shares outstanding). Revenue is less than US$1m (AU$135k revenue, or US$86k). Market cap is less than US$10m (AU$4.16m market cap, or US$2.65m). Board Change • Apr 12
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 4 new directors. No experienced directors. 1 highly experienced director. 2 independent directors (3 non-independent directors). CEO, CFO & Executive Chairman Sanjay Loyalka is the most experienced director on the board, commencing their role in 2008. Independent Director Martin Bennett was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. 공시 • Apr 04
Catalina Resources Ltd Announces Change of Company Secretary, Effective 4 April 2025 Catalina Resources Ltd. announced that Mr. Sanjay Loyalka, Chairman, has stepped down from the role of Company Secretary, effective immediately. Mr. Loyalka will continue to serve as Executive Chairman of the Board. The Board announced the appointment of Mr. Johnathon Busing as Company Secretary, with immediate effect. Mr. Busing is a Chartered Accountant, experienced Company Secretary and owner of consulting and accounting firm Eleven Corporate Pty Ltd. For the purposes of ASX Listing Rule 12.6, Mr. Busing will be the person responsible for communications between the Company and ASX. New Risk • Mar 24
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 22% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (38% average weekly change). Earnings have declined by 18% per year over the past 5 years. Revenue is less than US$1m (AU$135k revenue, or US$85k). Market cap is less than US$10m (AU$4.55m market cap, or US$2.85m). Minor Risk Shareholders have been diluted in the past year (22% increase in shares outstanding). 공시 • Mar 18
Catalina Resources Ltd has completed a Follow-on Equity Offering in the amount of AUD 0.5 million. Catalina Resources Ltd has completed a Follow-on Equity Offering in the amount of AUD 0.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 200,000,000
Price\Range: AUD 0.0025
Discount Per Security: AUD 0.00015
Transaction Features: Subsequent Direct Listing New Risk • Mar 05
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$815k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$815k free cash flow). Share price has been highly volatile over the past 3 months (36% average weekly change). Earnings have declined by 18% per year over the past 5 years. Revenue is less than US$1m (AU$115k revenue, or US$72k). Market cap is less than US$10m (AU$3.95m market cap, or US$2.49m). 공시 • Jan 30
Catalina Resources Ltd (ASX:CTN) completed the acquisition of Evanston and Yerilgee Projects, Central Yilgarn region of WA from Dreadnought Exploration Pty Ltd. Catalina Resources Ltd (ASX:CTN) agreed to acquire Evanston and Yerilgee Projects, Central Yilgarn region of WA from Dreadnought Exploration Pty Ltd for AUD 1.5 million on December 11, 2024. As part of the consideration, Catalina Resources Ltd (ASX:CTN) will pay AUD 0.25 million in cash, issue 72.5 million shares, which shall be escrowed for 12 months from issuance and 1% net smelter return royalty on E30/0584. It will also pay AUD 1 million as milestone payment which shall be payable in cash or shares at Catalina Resources Ltd election. The transaction is subject to approval by regulatory board / committee and third-party approval needed. The expected completion of the transaction is January 2025.
Catalina Resources Ltd (ASX:CTN) completed the acquisition of Evanston and Yerilgee Projects, Central Yilgarn region of WA from Dreadnought Exploration Pty Ltd on January 29, 2025. New Risk • Dec 03
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.3% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (38% average weekly change). Earnings have declined by 16% per year over the past 5 years. Revenue is less than US$1m (AU$135k revenue, or US$88k). Market cap is less than US$10m (AU$3.87m market cap, or US$2.51m). Minor Risk Shareholders have been diluted in the past year (4.3% increase in shares outstanding). 공시 • Oct 10
Catalina Resources Ltd, Annual General Meeting, Nov 22, 2024 Catalina Resources Ltd, Annual General Meeting, Nov 22, 2024. Location: 18 stirling highway, nedlands wa 6009, Australia New Risk • Sep 27
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$737k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$737k free cash flow). Earnings have declined by 16% per year over the past 5 years. Revenue is less than US$1m (AU$292k revenue, or US$201k). Market cap is less than US$10m (AU$4.95m market cap, or US$3.41m). New Risk • Sep 13
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (39% average weekly change). Earnings have declined by 26% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$3.10m market cap, or US$2.08m). Minor Risk Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). 공시 • Feb 16
Catalina Resources Appoints Martin Bennett A Director Catalina Resources has announced the changes to its Board of Directors. Mr. Martin Bennett is joining the Company's board as a director with immediate effect. Mr. Bennett has previously served the Company as a Technical Director and Chief Geologist between May 2021 and December 2021, prior to him relocating to Queensland for family reasons. He is now back in Western Australia & the Company welcomes him back on the board as his experience and knowledge will be a significant addition to the team. Mr. Bennett is a mining industry executive with a strong technical background and substantial experience in project management and leadership. He has significant experience in Australia, Africa, Canada and Southeast Asia, with a proven track record of successful discovery and acquisition. Martin has been providing his services to the Company as a consultant Geologist by way of a Consultancy Agreement with the Company in recent times. Mr. Martin Bennett's appointment as a director will also be covered under that consulting agreement continuing, the material terms of which provide for a daily rate of $1000 per day. Going forward, the roles of the Board members will be as following: 1. Sanjay Loyalka: Executive Chairman and Secretary 2. Richard Beazley: Director 3. Michael Busbridge: Director 4. Martin Bennett: Director. 공시 • Oct 10
Catalina Resources Ltd, Annual General Meeting, Nov 10, 2023 Catalina Resources Ltd, Annual General Meeting, Nov 10, 2023, at 12:00 W. Australia Standard Time. Location: 18 Stirling Highway Nedlands Western Australia Australia Agenda: To receive and consider the annual financial report of the Company for the financial year ended 30 June 2023 together with the declaration of the Directors, the Director's report, the Remuneration Report and the auditor's report; to consider and, if thought fit, to pass, with or without amendment, the resolution as a non-binding resolution that, for the purposes of section 250R (2) of the Corporations Act and for all other purposes, approval is given for the adoption of the Remuneration Report as contained in the Company's annual financial report for the financial year ended 30 June 2023; to consider and, if thought fit, to pass, with or without amendment, the resolution as an ordinary resolution that, for the purpose of clause 13.2 of the Constitution and for all other purposes, Mr. Richard Beazley, a Director, retires by rotation, and being eligible, is re-elected as a Director; and to consider other matters. New Risk • Sep 26
New major risk - Revenue and earnings growth Earnings have declined by 2.3% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (32% average weekly change). Earnings have declined by 2.3% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$5.57m market cap, or US$3.58m). New Risk • Sep 22
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (33% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (AU$5.57m market cap, or US$3.60m). Minor Risk Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). New Risk • Sep 06
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (30% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (AU$4.33m market cap, or US$2.77m). Minor Risk Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). 공시 • Jan 20
Catalina Resources Ltd Announces Board Changes Catalina Resources Ltd. advised the following changes to its Board of Directors. Mr. Michael Busbridge has joined the board as a Technical Director. Mr. Busbridge is a Geologist with over 40 years of experience in the mining industry including managerial positions in Normandy Mining Ltd, Barrick Gold Australia and Teck Australia. He has an invaluable mix of gold, nickel, copper, lead and zinc, lithium, REEs, graphite and oil exploration experience throughout Australia coupled with several years as a mine /development geologist in gold and nickel mines. The Company advises that Mr. Davide Bosio has resigned due to other professional commitments. The Board places on record its appreciation to Davide for his immense contribution since joining the Company in 2018. Executive Director Mr. Sanjay Loyalka has accepted the position of Executive Chairman given his ongoing leadership and executive management of the Company and its exploration activities. 공시 • Jan 17
Catalina Resources Ltd Provides an Update on the Recently Completed 105-Hole Air Core Drilling Program At Dundas Catalina Resources Ltd. provided an update on the recently completed 105-hole air core drilling program for 2684 m at Dundas. Air core hole 22DAC016 was part of a 105-hole air core drill program completed at the Dundas Project in December 2022. The Dundas Project is in an underexplored green fields region in the Albany Fraser Belt of WA. The multi element assays (including Base Metals, Be Li, Ta, Cs, REEs) from the air core drilling program discussed above are expected to be received in coming weeks. Meanwhile, the Company has been completing desktop studies of geological observations including photos of all drill samples as well as drill logs. Within hole 22DAC016, in the downhole interval from 30-35m (EOH), pegmatite containing a blue green mineral was intersected. Geologically this has been interpreted as the mineral beryl (variety known as aqua marine), pending confirmation by assays. Such occurrences of accessory minerals are important to recognising the mineralisation potential of the pegmatite. These minerals may suggest that the late-stage crystallising residual or pegmatitic melt, derived from the main granitic magma, may have been enriched in incompatible elements including Li, Be, B, Cs, Rb, Ta and REEs. Pegmatites are a zoned intrusive rock. This implies that their chemical complexity, texture, and mineralogy will change with increasing distance from their granitic source. Hence the mineralogy at the Dundas target may change from a mineralogy that is Be enriched (beryl) to a mineralogy that contains Li enriched minerals (spodumene), or other minerals, over an unknown distance. Beryllium Uses. Beryllium is a steel-grey, low-density metal that is hard and brittle at room temperature and has a high melting point (1,287°C). Beryllium is used in telecommunications equipment, automotive electronics, and aerospace, defence, and industrial components. Beryllium mirrors are used in satellites where low weight and long-term dimensional stability are critical in extreme cold conditions. Beryllium is on the list of Australia's critical minerals, a list produced by the Australian Government in 2022, aimed at a strategy to put Australia at the centre of meeting the growing global demand of critical minerals. There is no recorded production data of beryllium in Australia. Worldwide production is 240 tonnes. Notable gemstones high in beryllium include beryl, aquamarine and emerald. Next Steps. The multi element assays (Base Metals, Be Li, Ta, Cs, REEs) from the air core drilling program discussed above are expected to be received in coming weeks. Once assays are received, the company will decide to follow up exploration plans for the area. The release of this document to the market has been authorised by the Board of Catalina Resources. 공시 • Dec 20
Catalina Resources Announces Initial Drilling Program Complete At Dundas Catalina Resources provide an update on the recently completed air core drilling program at Dundas. Highlights: 105 air core holes for 2684m completed, to test the identified lithium pegmatite potential and historical gold anomalies, in the southern portion of the tenement E63/2046; Pegmatite intersected in 18 holes. Accessory minerals identified include beryl and tourmaline; Other rock types intersected include sulphidic sediments and quartz sulphide veined schists. Cultural heritage survey clears a large area in E63/2048 targeted for in-fill auger drilling in early 2023. Air core drilling within the Dundas Project was completed in mid- December 2022 without incident or lost time injuries. The drilling program and achieved its objectives of: Confirming the presence of pegmatites. These pegmatites have not been previously assayed for lithium or REEs; Drilling along strike of historical drilling intersections of up to 3 g/t Au. A much wider area than had previously been drilled in 1998 was drill tested by Catalina. Approximately 126 RAB/air core holes and 127 RC holes were drilled by Pan Aust Ltd. in 1998; Drilling by Catalina collected samples to not only assess the LCT (lithium cesium tantalum) potential of the pegmatites but to also assess the REE potential of the project. Several ore grade historical gold intersections were not followed up. For example, 2m @ 3.5 g/t Au in hole T4RC032. Hence, extensional air core drilling was carried out along strike of historical gold intersections to identify the optimal gold geochemistry for testing by RC drilling in 2023. Air core drilling plan and data summary for southern portion of the tenement E63/2046. Also illustrated are the pegmatite occurrences recorded in historical drilling logs. Underlying image is the regional aeromagnetic image. Pegmatite was intersected in many more holes than was expected, causing several drill holes to reach drilling refusal before the planned depth. For example, in hole 22DAC061 pegmatite (white piles) was intersected at the end of hole, from 24m-26m. During geological logging of air core holes, several pegmatite intervals were recorded as containing accessory minerals including beryl and tourmaline. Such occurrences are important to recognising the mineralisation potential of the pegmatite. These minerals may suggest that the late-stage crystallising residual or pegmatitic melt, derived from the main granitic magma, may have been enriched in incompatible elements including Li, Be, B, Cs, Rb, Ta and REEs. Other rock types intersected included a wide sequence (400m) of graphitic, calcareous, and pyritic black shales and silts and quartz sulphide veined schists. Depending on the age of these rocks, potential for sediment hosted base metal mineralisation (Cu, Pb, Zn) of the Mt Isa type may exist. A cultural heritage survey was conducted by members of the Ngadju Native Title Aboriginal Corporation over Catalina's Exploration Licence E63/2048 in November. The survey was directed at clearing access lines for in-fill auger drilling in early 2023. Historical auger geochemistry in 2012 identified large and robust gold in soil geochemical anomalies, up to 6 kms in length. Aeromagnetic interpretation suggests they may be spatially associated with the interpreted and mineralised Boulder Lefroy Fault Zone (BLFZ). There has been no drill testing of the anomalies within E63/2048. Next Steps. Gold and multi element assays (Base Metals, Li, Ta, Cs, REEs) are expected to be received in January 2023. As discussed above, infill auger drilling of the large geochemical anomalies in E63/2048 is expected to commence in January or February 2023. Planning has commenced on the follow up RC drilling of any anomalous assays to be received. 공시 • Nov 28
Shree Minerals Limited Announces Aircore Drilling Commences at Dundas Project Shree Minerals Limited announced Aircore drilling commences at E63/2046. Drilling planned for approximately 98 holes for approximately 5,000 to 6,000 metres to test the identified lithium pegmatite potential and gold anomalies, in the southern portion of the tenement E63/2046. Heritage Survey in progress at E63/2048: To progress exploration plans for in-fill of the historical 1 km spaced soil sample traverses in E63/2048 with a powered auger to define and prioritise targets for RAB and RC drilling. Exploration licences (E63/2046 & E63/2048) in the Albany Fraser Orogen (AFO) are interpreted to occur along strike of the well-endowed Boulder Lefroy Fault Zone (BLFZ) and the Zuleika Shear (ZS). World class lithium in pegmatite deposits are spatially related to these mineralized structures to the north of Shree's tenure. Pegmatites have been recorded from historical drill logs proximal to these structures within E63/2046. Mapping identified historical drill hole spoils containing pegmatite chips. Historical drilling intersections up to 3 g/t Au remain open and the associated soil geochemistry suggests the mineralisation is much more extensive than indicated by drilling. Historical data summary of Shree's E63/2046, E63/2048, E63/2136, E63/2227 showing pegmatite occurrences recorded in historical drilling logs. Soil geochemical contours up to 5 km in length and anomalous drilling intersections are also shown. Underlying image is the regional aeromagnetic image. The location of the BLFZ and the ZS is interpreted from the aeromagnetic data. Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Non-Executive Director Richard Beazley was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. 공시 • Nov 12
Shree Minerals Limited Announces Finalisation of Dundas Aircore Drilling Plan Shree Minerals Limited announced Aircore drilling planned for approximately 98 holes for approximately 5000 to 6000 metres to test the identified lithium pegmatite potential and gold anomalies, in the southern portion of the tenement E63/2046. Contract finalised with Gyro Drilling. Heritage Survey Clearance Report received. POW approval received. Drilling expected to commence in November 2022. Heritage Survey tentatively scheduled by NNTAC for 3rd week of November 2022 at E63/2048: To progress exploration plans for in-fill of the historical 1 km spaced soil sample traverses in E63/2048 with a powered auger to define and prioritise targets for RAB and RC drilling. Exploration licences (E63/2046 & E63/2048) in the Albany Fraser Orogen (AFO) are interpreted to occur along strike of the well-endowed Boulder Lefroy Fault Zone (BLFZ) and the Zuleika Shear (ZS). World class lithium in pegmatite deposits are spatially related to these mineralised structures to the north of Shree's tenure. Pegmatites have been recorded from historical drill logs proximal to these structures within E63/2046. Mapping identified historical drill hole spoils containing pegmatite chips. Historical drilling intersections up to 3 g/t Au remain open and the associated soil geochemistry suggests the mineralisation is much more extensive than indicated by drilling. 공시 • Oct 25
Shree Minerals Limited Announces Dundas Project POW Approval Shree Minerals Limited announced the POW approval received for RAB drilling planned to test the identified lithium pegmatite potentialand gold anomalies, in the southern portion of the tenement E63/2046 as per the approved Conservation Management Plan; In-fill of the historical 1km spaced soil sample traverses in E63/2048 with a powered auger to define and prioritise targets for RAB and RC drilling. Historical drilling intersections up to 3 g/t Au remain open and the associated soil geochemistry suggests the mineralisation is much more extensive than indicated by drilling. Aircore drilling is expected to commence soon this year over selected Au, Li and REE targets. Aircore drilling is warranted around and along strike of historical drillholes with recorded pegmatite and gold intervals. Anomalous Au, REE and Li pathfinder geochemistry will then be tested by RC drilling. Following completion of the heritage survey in E63/2048, in-fill Auger drilling to commence over the historical gold geochemical targets within E63/2048. Auger drilling will target a buried carbonate layer that has been a successful sample medium in outlining gold mineralisation in the Dundas Goldfield and elsewhere in WA. Samples will be assayed for Au, Ni, base-metals, REEs and Li pathfinder elements. Anomalous auger geochemistry will then be tested by RC drilling. 공시 • Oct 21
Shree Minerals Ltd Reports Geological Mapping Confirms Presence of Pegmatite in Historical Drilling at Dundas Shree Minerals Limited reports geological mapping confirms the presence of pegmatite in historical drilling at Dundas. Reconnaissance mapping has identified pegmatite drill chips from the spoil of historical drilling to validate the drill logs within Shree's Dundas Project. The samples collected of the spoil will be assayed for lithium, the pathfinders Cs and Ta and REEs. A cultural heritage survey was completed within southern part of E63/2046 in October 2022. Flora & Fauna Survey Completed for E63/2048 & southern part of E63/2046 in Late August 2022 & early September respectively. POW application completed along with survey reports in September 2022. RAB drilling planned to test the identified lithium pegmatite potential & gold anomalies, in the southern portion of the tenement E63/2046 as per the approved Conservation Management Plan (CMP). in-fill of the historical 1km spaced soil sample traverses in E63/2048 with a powered auger to refine and prioritise targets for RAB and RC drilling. Mapping by Shree Minerals Ltd. in October identified the old aircore drilling spoil from 10 holes from the Pan Aust Exploration drilling program in 1998. Despite the sample piles being eroded and covered by heavy vegetation regrowth over time, sample chips were readily identified and collected for sampling. Importantly, Shree mapping identified 3 holes containing pegmatite chips. 공시 • Oct 18
Shree Minerals Limited Provides NBR DSO Iron Ore Project Permitting Update Shree Minerals Limited received correspondence from Department of Climate Change, Energy, the Environment and Water ("DCCEEW" and or "The Department") in response to correspondence dated 13 April 2022. EPA Tasmania previously advised on 25th March 2022 to refer the current development proposal for the Direct Shipping Ore ("DSO") project at Nelson Bay River Iron Project ("NBR") to the Commonwealth Government's Department for determination under the EPBC Act, particularly in relation to the Giant Freshwater Crayfish (A. Gouldi). The Department has advised that it has reviewed the Development Proposal and Environmental Management Plan ("Proposal") dated August 2021 submitted by Shree to the EPA. After careful consideration, The Department has determined that the changes in the Proposal are not consistent with the EPBC approval previously granted in 2013. The Department considers that the changes are not within the scope of EPBC Act approval 2011/5846 and holds the view that the proposed varied action should be referred for assessment under the EPBC Act. While expressing regret at the extended delay in responding to the Company's correspondence, The Department advised that the matter is complex and required careful evaluation to ensure this advice is legally and technically robust. 공시 • Oct 13
Shree Minerals Limited, Annual General Meeting, Nov 28, 2022 Shree Minerals Limited, Annual General Meeting, Nov 28, 2022, at 12:00 W. Australia Standard Time. Location: 18 Stirling Highway Nedlands WA 6009 WA Australia Agenda: To receive and consider the annual financial report of the Company for the financial year ended 30 June 2022 together with the declaration of the Directors, the Director's report, the Remuneration Report and the auditor's report; to adopt remuneration report; to consider board changes; to consider change of company name; and to consider other matters. 공시 • Sep 01
Shree Minerals Limited Provides Dundas Project Update Shree Minerals Limited announced that Field Surveys commenced at Dundas Project and project area extended. Spring Flora survey commenced; Fauna survey to commence this week; Heritage survey planned for November 2022; RAB drilling planned to test the identified lithium pegmatite potential after completion of above-mentioned surveys; Auger soil sampling planned to refine extensive historical geochemical anomalies. Two granted exploration licences (E63/2046 & E63/2048) and one application (E63/2136) in the Albany Fraser Orogen (AFO) are interpreted to occur along strike of the well-endowed Bulder Lefroy Fault Zone and the Zuleika Shear. World class lithium in pegmatite deposits are spatially related to these mineralised structures to the north of Shree's tenure. Pegmatites have been recorded from historical drill logs proximal to these structures within Shree's tenure. Anomalous nickel and REE mineralisation has been intersected in drilling by Dundas Minerals near Shree's southern tenement boundary. Historical drilling intersections up to 3 g/t Au remain open and the associated soil geochemistry suggests the mineralisation is much more extensive than indicated by drilling. A fourth (E63/2227) tenement application containing undrilled VTEM conductors coincident with historical nickel in soil anomalies has been made. REE potential identified - in close proximity to Heavy Rare Earth Limited's Cowalinya rare earth project. 공시 • Aug 04
Shree Minerals Ltd Announces NBR DSO Iron Project Update Shree Minerals Ltd. has completed & lodged with EPA, a supplement to Development Proposal & Environment Management Plan ("DPEMP") for the Direct Shipping Ore ("DSO") project at Nelson Bay River Iron Project ("NBR") as a response to request for additional information ("RFI") received from EPA in late June 2022, regarding Waste Rock and Mine Closure. This RFI was issued by EPA in addition to the RFI regarding Flora and Fauna issued by EPA in late March 2022. As advised in ASX announcement of 2nd June 2022, the Company had lodged a supplement in response to that RFI regarding Flora and Fauna. These two RFIs have been issued by EPA as part of their assessment process following the advertisement of the DPEMP for public consultation in Dec 2021 by Circular Head Council & EPA Tasmania which closed in early February 2022. The DPEMP was advertised consequent to EPA accepting it had been prepared in accordance with the guidance provided by Board of the Environment Protection Authority ("the Board") as per Company's ASX announcement made on 14th October 2021. EPA notified Shree in March 2022 that during the period for public consultation on this proposal, one representation was received and comments on the project were also received from several State Government agencies and bodies. As detailed in Company's announcement of 25th March 2022, EPA had also advised that having considered the comments raised by the public representation and agency submissions, Shree should refer the current development proposal to the Commonwealth Government's Department of Agriculture, Water and the Environment (DAWE) for determination under the EPBC Act in relation to the Giant Freshwater Crayfish (A. Gouldi). The Company has in mid- April 2022 sought clarification from DAWE in this regard. Shree looks forward to advice for assessment/approval decision process regarding EPBC approvals. Along with the RFI for Waste Rock and Mine Closure issued in June 2022, EPA advised further that as these issues relate directly to that being considered by the Commonwealth, a request for further information in relation mine water discharge and the Giant Freshwater Crayfish will follow once the EPA Board has considered the Commonwealth's decision on DA 18/059 and the aforementioned matters. 공시 • Jul 29
Shree Minerals Ltd Announces Directorate Changes Shree Minerals Ltd. announced appointment of highly experienced Mining Engineer Mr. Richard Beazley as Non-Executive Director, effective 2nd August 2022. Mr. Beazley is a mining industry executive with a strong technical background and substantial experience in corporate and operational management and leadership. He has significant experience in Australia, Africa and South America. Previous roles include Chief Operating Officer for Sandfire Resources Managing Director of Peak Resources Ltd; General Manager Operations at Consolidated Minerals; General Manager Southern Cross Operations at St Barbara Limited. Mr. Amu Shah has advised the Board that he will be retiring from his role as on-Executive Director at the upcoming AGM this year and not stand for re-election. Mr. Shah has served the Company as Non-Executive Director for more than eleven years and the Board of Shree Minerals places on record its gratitude to Mr. Shah for his services and guidance to the Company over the years. 공시 • Jun 03
Shree Minerals Ltd Announces Nelson Bay River Iron Project Dso Iron Ore Project Update Shree Minerals Ltd. announced that it has completed & lodged with EPA, a supplement to Development Proposal & Environment Management Plan ("DPEMP") for the Direct Shipping Ore ("DSO") project at Nelson Bay River Iron Project ("NBR") as a response to request for additional information ("RFI") received from EPA in late March 2022, regarding Flora & Fauna. NBR Project (Mining Lease 3M/2011) is located in the far north-west of Tasmania and is approximately 150km from the Burnie Port. The location of the Mining Lease 3M/2011. The Project is within an established mineral province in the region. Operating mines include Grange Resources' Savage River Iron Ore. The Direct Shipping Ore (DSO) project at NBR is an all-contract mining, processing and haulage operation using local contractors in the region. It requires no major processing beyond crushing and screening after which the ore is then trucked to the port and shipped (Figure 2). It was developed in 2013 with the first shipment of ore leaving the Port of Burnie in January 2014. NBR project was placed on care and maintenance in June 2014 following sharp iron ore price falls. Historical production from the previous mining campaign totalled 181,000 tonnes shipped with average grades of Fe 57.5%, SiO2 7.7%, Al2O3 1.3%, P 0.07% and S 0.04%. Demand from historic customers was driven by positive metallurgy, specifically low impurities like alumina (Al2O3) and phosphorus (P). The historic price received for NBR ore was enhanced with premiums (in line with market benchmarks) for low Alumina; and Lump. (About 40% of the DSO Iron ore at NBR is Lumps with Iron ore Fines being approx. 60%) Historic costs during Fiscal Year 2014 when the mine was last in production was approximately AUD 72 per ton FOB Burnie Port (as derived from 2014 Annual Report to Shareholders). With the improvement in the iron ore price, the Company has been actively working to re-permit the NBR. The strategy has been to recommence the production of the DSO resources from the existing open pit at NBR. To resolve legal issues with the existing permit, in August 2018, the Company applied for a new Tasmanian environmental permit covering the DSO operations. After public consultation, the EPA issued guidelines for the preparation of a DPEMP. Working towards adopting this framework, the Company has completed the requisite technical studies to develop the DPEMP. Iron Ore prices while volatile, are forecast to remain at healthy levels. Any near-term supply response is expected to be limited, particularly with little latent capacity left at major Iron Ore exporting ports and railways in Australia. As Iron Ore Prices remain healthy, there has been further improvement in premiums for material with lower impurities like low alumina (like the NBR DSO product) as Chinese authorities continue emphasis on environment control. The DSO pit is some 25% complete, with waste rock materials deposited in two dumps designated as the Non-Acid Forming waste rock dump and the Potentially Acid Forming ("PAF") waste rock dump. The main features are the DSO pit and waste dumps. Other elements are the mine water treatment dams, ROM stockpile area and the facilities area. 공시 • May 31
Shree Minerals Ltd Announces RC Drilling at the Rock Lodge Prospect in Lachlan Fold Belt Project, NSW Shree Minerals Ltd. announced that RC drilling at the Rock Lodge prospect (EL 9155) in Lachlan Fold Belt Project, NSW has intersected significant mineralisation. The Rock Lodge Project covers an area of 163 km² and is located 35 km south of Cooma. It is prospective for orogenic, Intrusion Related Gold Systems (IRGS) and skarn related gold mineralisation. RC drilling by Shree Minerals completed in April tested prioritised drill targets consisting of extensive and continuous IP anomalies that are coincident with very anomalous soil and rock chip geochemistry. Shree's drilling has intersected a wide zone of stacked vertical lenses of polymetallic mineralisation at Rock Lodge. For example, RC hole SRLRC005 intersected 4 significant mineralised zones over a width of 24m, from 75m to 99m (including 2m @2.13 g/t Au & another 2m @2.12 g/t Au). At the end of hole, 102m, rocks were still pervasively hydrothermally altered (pyrite, silica, sericite) suggesting that additional downhole zones may have been intersected if excessive water flows had not stopped drilling. West of SRLRC05, Shree's drilling has intersected mineralisation in SRLRC02 (8m @ 1.08 g/t Au including 3m @2.12 g/t Au). As suggested by the range in elements present, the mineralisation signature suggest a high temperature fluid may have been responsible. Apart from Au and Ag, the mineralisation includes varying amounts of Bi, As, Cu, Sb, Pb, Cd and Zn. Shree Minerals' Chief Geologist, Mr. Michael Busbridge commented that the intersections illustrated in figure 3, from Shree's drill holes SRLRC02 to SRLRC05 and also the historical drilling, including MYRC01, constitute a very wide (60m) mineralised envelope of stacked vertical lenses of significant polymetallic sulphide at Rock Lodge. Two hundred meters to the north, IP anomalies and similar anomalous rock chip geochemical signatures, suggest the mineralisation envelope may be continuous at least to this area. As the envelop is open in all directions further drilling focusing on the continuity, depth and lateral extent of the stacked veins is now a very high priority and represents an drill target for Shree Minerals. Once all the laboratory results are available & the statutory issues as advised in the Company's announcement dated 26th April 2022 are resolved, the Company plans to drill two or three deeper diamond drill holes and complete Down Hole Electro Magnetic Surveys (DHEM) to search for off-hole conductors, possibly representing wider massive sulphide mineralisation than has already been found. Planning for one of these diamond holes. Additionally, diamond drilling will enable the collection of orientated structural data, including dips and strikes of mineralised veins, necessary for future drill hole planning and calculations of the true widths of mineralisation. The Rock Lodge prospect exhibits high-grade polymetallic mineralisation associated with structurally controlled epigenetic massive sulphide veins, illustrated in figure 3. Diamond holes drilled in 1985 intersected up to 8m of massive sulphide with recorded grades up to 4.28g/t Au, 35g/t Ag, 0.79% Cu and 13.5% Zinc. Diamond hole SGDH08 intersected 12m @ 1.2 g/t Au, 9.8 g/t Ag and 0.2% Cu. The mineralisation is associated with massive and disseminated pyritearsenopyritechalcopyritesphalerite sulphides and quartz, within host phyllites and sandstone. This is exposed on the surface as a distinct gossan and ironstone. The grades intercepted during historical drilling show the area to be highly mineralised and the mineral assemblages are synonymous with other major mineral deposits within the Canberra to Cooma region of the Ordovician Lachlan Fold Belt. Areas of old workings coincide with an IP chargeability anomaly sourced by a pyrite haloe visible in rock chips. Rock chip samples of gossanous material and quartz veins collected by Shree returned a best result of 7.3g/t Au with 6049 ppm As and 446ppm Bi. 공시 • Apr 27
Shree Minerals Limited Provides Exploration Update Lachlan Fold Belt Project, Rock Lodge Shree Minerals Ltd. advised that RC drilling at the Rock Lodge project (EL 9155) in Lachlan Fold Belt Project, NSW has been completed. Samples have been despatched to the laboratory in Orange and results will be compiled once the assays have been received. The Rock Lodge Project covers an area of 163 km² and is located 35 km south of Cooma. It is prospective for orogenic, Intrusion Related Gold Systems (IRGS) and skarn related gold mineralisation. 15 RC Drill holes have been completed in this campaign for a total of 869 metres including two holes as pre-collars for planned deeper diamond drilling. Geological mapping observations undertaken in April identified a significant alteration halo in both the footwall and hangingwall to the historical base metal intersections. The alteration comprises pervasive silicification with accompanying euhedral fine-grained pyrite that increases in intensity closer to the base metal sulphide veins. A significant foliation in the local area also increases in intensity towards the mineralisation, with shear fabrics common. Drilling at Rock Lodge has been impacted by continuing unprecedented rainfall on the east coast of Australia causing significant interruptions and lost time. Supply chains were also impacted due to COVID-19 and significant breaks in drilling were due to a lack of replacement personnel. The impact of these events also led to drilling rig maintenance and downtime issues. The cumulative impact was that commencement of drilling this year planned for end January was initially delayed by approximately a month and drilling progress has been very slow. The Company has received notification from the Resources Regulator, within the Department of Regional NSW (the Department) following an inspection of EL 9155 to monitor compliance with the approval conditions. The Department referred to the approval made by it in October 2021 to the application made by the Company in September 2021 to drill up to 25 reverse circulation drillholes on EL 9155. The approval stated, "The licence holder must carry out the Activity in accordance with the Application". The notification from the Department included an investigation commencement letter in relation to a number of breaches Under section 23A (7) of the Mining Act 1992 and potential breaches of the National Parks & Wildlife Act 1974, the Regulator is alleging regarding access works to the drill sites conducted and furthermore, a direction under s.240 of the NSW Mining Act 1992 to cease all works until the Company has been notified that the direction has been revoked. Accordingly, drilling operations have been suspended. The Company takes its statutory compliance obligations very seriously. On behalf of the Company, the access works as well as the drilling activities were being carried out under supervision and management of a local Consulting Geological & Exploration services company who were fully aware of all approval conditions. The Company will work diligently with the Department & the Company's consultants and contractors involved in the activity to resolve the issues. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 2 highly experienced directors. No independent directors (3 non-independent directors). Non-Executive Director Davide Bosio was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. 공시 • Mar 03
Shree Minerals Ltd announces RC and diamond drilling at the Rock Lodge prospect in Lachlan Fold Belt Project Shree Minerals Ltd. announced that RC and diamond drilling at the Rock Lodge prospect in Lachlan Fold Belt Project, NSW has commenced. Approximately 11 RC holes and 3 diamond holes are planned for ~1400m of drilling. The diamond drilling will test projected down-dip extensions to the extensive sulphide mineralization intersected in historical drilling. The RC drilling will test Induced Polarisation (IP) chargeability anomalies and coincident anomalous soil geochemistry at the northern and southern target areas at Rock Lodge. Diamond Drilling: Three angled diamond holes will target extensive sulphide mineralization identified in drilling from previous workers at Rock Lodge. These historical holes focussed upon the old workings seen throughout the area. Diamond holes drilled in 1985 intersected up to 8m of massive sulphide with recorded grades up to 4.28g/t Au, 35g/t Ag, 0.79% Cu and 13.5% Zinc. Diamond hole SGDH08 intersected 12m at 1.2 g/t Au, 9.8 g/t Ag and 0.2% Cu. Six RC holes (MYRC001 to MYRC006) were also drilled underneath old workings at Rock Lodge by Alt Resources in 2018. Their drilling also intercepted massive sulphides in four holes. Significant drilling intercepts by Alt Resources included: MYRC001, 3m at 2.1 g/t Au, 3.7 g/t Ag and 174 g/t Bi from 17m and 2m at 2.7 g/t Au, 11.8 g/t Ag, 300 g/t Bi and 0.48% Cu from 62m; MYRC005, 2m at 1.6 g/t Au, 9.5 g/t Ag, 903 g/t Bi from 19m and 1m at 1.4 g/t Au, 375 g/t Ag, 163 g/t Bi, 1.6% Pb from 23m and 1m at 4.8 g/t Au, 0.48% Pb, 1.46% Zn from 57m. The mineralization is associated with massive and disseminated pyrite-arsenopyrite-chalcopyritesphalerite sulphides and quartz, within host phyllites and sandstone. This is exposed on the surface as a distinct gossan and ironstone. Diamond drilling by Shree will focus upon the projected down-dip extensions to the extensive sulphide mineralization. RC Drilling: Areas of old workings coincide with an IP chargeability anomaly caused by sulphide veins and quartz veins. Rock chip samples of gossanous material and quartz veins collected by Shree returned a best result of 7.3g/t Au with 6049ppm As and 446ppm Bi. RC drilling will test those extensive and continuous IP anomalies that are also coincident with very anomalous soil and rock chip geochemistry. At the southern target area, an IP chargeability anomaly is located on what is interpreted to be the southern strike extension of the mineralized trend. Bedrock in the area is obscured by a thin layer of basaltic rock that has prevented previous rock chip and soil sampling. The target has not been drilled previously. Other Target Areas within Rock Lodge EL 9155: The Rock Lodge Project (EL 9155) covers a folded sequence of Ordovician aged Adaminaby Group shales/siltstones and Gungoandra Siltstones. The historical workings at Bobundara have a recorded production of 575g Au with an average grade of 21 g/t Au (Herzberger and Barnes, 1978). Mining occurred during two periods from 1928-30 and 1948-49. The mineralization occurs as disseminated sulphide minerals in a narrow, discontinuous quartz-chlorite lode parallel to the host slates' cleavage. The workings consist of 3 or 4 shafts, an adit and shallow pits. There has been no recorded drilling at Bobundara. Shree intends to undertake additional sampling and mapping at Bobundara, including soil and rock chip sampling along strike of the main workings. This work should lead to the identification of new drill targets, in preparation for a RC drilling program later in 2022. 공시 • Feb 03
Shree Minerals Limited Announces Exploration Prospectivity Highlighted for Lithium at Dundas Project Shree Minerals Limited announced that Dundas Project in the Albany Fraser Orogen (AFO) are interpreted to occur along strike of the well-endowed Boulder Lefroy Fault Zone and the Zuleika Shear. World class lithium in pegmatite deposits are spatially related to these mineralised structural corridors to the north of Shree's ELs. Pegmatites have been recorded from historical drill logs within Shree's tenure. Magmatic mafic ultramafic intrusions of the Nova Bollinger type may have been discovered immediately to the south of Shree's tenure, again in these structural corridors. Several aeromagnetic anomalies within Shree's tenements resemble these intrusive bodies and have the potential to contain nickel sulphides. Historical drilling intersections up to 3 g/t Au remain open and the associated soil geochemistry suggests the mineralisation is much more extensive than indicated by drilling. Broad zones (30m) of highly anomalous base metal sulphides occur in Shree's Exploration Licence application. The Dundas Project consisting of two Exploration Licences (E63/2046 and E63/2048) and one Explore Licence Application (E63/2136) is situated within the inferred SE extensions of the mineralised Norseman Wiluna Belt of the Archaean Yilgarn Craton and comprises a tectonostratigraphic assemblage of mafic, ultramafic and sedimentary dominated units. A major northwest trending fault system transects the tenements and may represent south-east extensions of the prolifically mineralised and regionally continuous Zuleika and Boulder-Lefroy Fault systems. Gold mines and deposits and gold and lithium occurrences are also shown. 공시 • Sep 24
Shree Minerals Limited Provides Update on Exploration Work At the Lachlan Fold Belt Project Shree Minerals Limited announce an update on exploration work at the Lachlan Fold Belt Project in NSW that comprises the Rock Lodge, Turondale and Prince of Wales Exploration Licences. At Rock Lodge, Shree has completed a soil sampling program over the northern area of anomalous induced polarisation (IP) chargeability where previous drilling intersected gold mineralisation. The sampling was conducted on a detailed 100m x 20m grid, generating 129 samples that have been submitted to the laboratory for gold and multielement geochemistry. Results will be reported when available. The soil sampling program was conducted to improve delineation of the gold mineralised trends prior to a possible reverse
circulation (RC) drilling program. In addition to the soil sampling, 17 rock chip samples were taken from the northern IP anomaly area. A
sample of gossanous sediment taken from near several old workings returned a maximum result of 7.3g/t Au with 6049ppm As and 446ppm Bi. Shree will design a drilling program based on the results from the IP survey, recent soil and rock sampling and geological mapping. Previous RC drilling has only tested some of the anomalies at the northern IP anomaly and the southern IP anomaly remains untested by surface sampling or drilling. A land access agreement has been signed with the landholder and a drilling approval form has been lodged with the NSW Department of Planning, Industry and Environment on the 10th September 2021. Approval is expected in 4-6 weeks allowing drilling to proceed in the quarter commencing October 2021. Shree has commenced discussions with various drilling contractors and has engaged Rangott Exploration in Orange to assist with the program. 공시 • Aug 25
Shree Minerals Limited Announces Progress on the Re-Permitting of the Nelson Bay River Iron Project in Tasmania Shree Minerals Ltd. announced progress on the re-permitting of the Nelson Bay River Iron Project (NBR) in Tasmania. The Company has submitted an updated DPEMP for the Direct Shipping Ore ("DSO") project at NBR to Environmental Protection Agency, Tasmania (EPA). This follows comments received from EPA in June 2021 on the previous draft DPEMP submitted in January 2021. Consequently, further engineering plans (including process systems study including preparation of P&ID diagrams, designs for various mining stages etc), additional clarifications on management plans (including preparation of a Trigger Action Response Plan for water discharge strategy) etc have been provided in the updated DPEMP. An Independent Expert Review of the Updated draft DPEMP has also been carried out over the last few weeks prior to lodgement with EPA. The Company expects this will enable the EPA assessment process to follow. On that basis, the company hopes to be in a position to consider a formal decision for recommencement of the mine, once the environmental permit is granted. The Company remains committed to driving value for Shareholders and looks forward to updating the market as it continues to progress the iron ore project towards recommencement in a very strong macro environment for producers. Iron Ore prices while volatile, are forecast to remain at healthy levels. Any near-term supply response is expected to be limited, particularly with little latent capacity left at major Iron Ore exporting ports and railways in Australia. As Iron Ore Prices remain healthy, there has also been a substantial reduction in discounts for medium grades Iron Ore such as the 58% Fe that the Company's DSO product. There has been further improvement in premiums for material with lower impurities like low alumina (like the NBR DSO product) as Chinese authorities continue emphasis on environment control. The Direct Shipping Ore (DSO) project at NBR is an all-contract mining, processing and haulage operation using local contractors in the region. It requires no major processing beyond crushing and screening after which the ore is then trucked to the port and shipped. It was developed in 2013 with the first shipment of ore leaving the Port of Burnie in January 2014. NBR project was placed on care and maintenance in June 2014 following sharp iron ore price falls. With the improvement in the iron ore price since mid-2018, the Company has been actively working to re- permit the NBR. The strategy has been to recommence the production of the DSO resources from the existing open pit at NBR. To resolve legal issues with the existing permit, the Company applied for a new Tasmanian environmental permit covering the DSO operations. After public consultation in November 2018, the EPA issued guidelines for the preparation of a DPEMP. Working towards adopting this framework, the Company has completed the requisite technical studies to develop a draft of the DPEMP. 공시 • Jun 15
Shree Minerals Limited Announces Nelson Bay River Iron Project Update Shree Minerals Ltd. announced that it has received comments from Environmental Protection Agency, Tasmania (EPA) on the draft Development Proposal & Environment Management Plan (DPEMP) for the Nelson Bay River Iron Project (NBR) submitted in January 2021. The company will work with its technical consultants and the EPA to revise the draft DPEMP with requested additional details and clarifications on the proposed mining operation and the management measures. NBR Project (Mining Lease 3M/2011) is located in the far north-west of Tasmania and is approximately 150km from the Burnie Port. The Direct Shipping Ore (DSO) project at NBR is an all-contract mining, processing and haulage operation using local contractors in the region. It requires no major processing beyond crushing and screening after which the ore is then trucked to the port and shipped. It was developed in 2013 with the first shipment of ore leaving the Port of Burnie in January 2014. NBR project was placed on care and maintenance in June 2014 following sharp iron ore price falls. With the improvement in the iron ore price since mid-2018, the company has been actively working to re-permit the NBR. The strategy has been to recommence the production of the DSO resources from the existing open pit at NBR. To resolve legal
issues with the existing permit, the company applied for a new Tasmanian environmental permit covering the DSO operations. After public consultation in November 2018, the EPA issued guidelines for the preparation of a DPEMP. Working towards adopting this framework, the company has completed the requisite technical studies to develop a draft of the DPEMP which was lodged with the EPA for review. 공시 • Jun 09
Shree Minerals Limited Announces Drilling Planned At Bruce Gold Project Shree Minerals Ltd. ("Shree" or the "Company") announced that drill targets have been identified at the Bruce Project in the Northern Territory and Shree will now commence planning and approvals for a RC drilling program. A site visit was undertaken in May 2021 to conduct additional reconnaissance mapping of the quartz veins and workings at the Bruce Gold Prospect and to take additional rock chip samples along the gold mineralised trend. Eighteen rock chip samples have been collected and submitted to the laboratory for analysis of gold and multielements. Assay results will be reported when available. The Bruce Gold Prospect is located 300km by road from Alice Springs and has good access. The prospect is 13km north of the Plenty Highway which has been sealed to the Harts Range town site with upgrade of the unsealed road to the east in progress. The gossanous and ferruginous quartz veins at Bruce extend for over 1.5km in an east-west direction within a sequence of mica schist, calcsilicate and amphibolite that form part of the Irindinia Gniess. The veins are 1-2m thick and dip at a shallow angle to the north (15 degrees) and are interpreted to be thrust faults. Previous sampling by the Northern Territory Geological Survey (NTGS) returned a high grade of 53g/t Au1. The eastern portion of the quartz vein located to the east of the station boundary fence and access track is a single well defined quartz vein that forms a low rubbly ridge. Close to the access track there is a shallow working sunk on a ferruginous quartz vein with green copper carbonate (malachite) staining. Immediately west of the access track the quartz vein is poorly exposed where it divides into two main veins with possible linking structures. The veins change orientation from east-west to east northeast and appear to have been disrupted by a cross cutting structure forming a possible dilation zone. Drill chips on the surface from previous Reverse Circulation (RC) drilling conducted in 2008 indicate that Olympia Resources focussed on a small portion of the quartz vein immediately west of the access track where exposure of the veins is poor. One of the two drill traverses was mostly ineffective with only one hole drilled directly on the vein. The second traverse was better located, stepping out at intervals to intersect the interpreted position of the shallow north dipping vein, although in an area of poor exposure. Shree will commence planning and seek required approvals for a Reverse Circulation (RC) drilling program to test the gossanous quartz veins at the Bruce Gold Prospect. The drilling will target areas where the quartz veins are best exposed to the east and west of the access track. The traverses will be located along strike from the small section of the quartz vein drilled by Olympia Resources. Detailed mapping of the quartz veins is also planned to improve understanding of the structural setting and assist targeting of the drilling. Reconnaissance mapping and sampling will also be
conducted to locate other mineralised quartz veins in the area. 공시 • Jun 03
Shree Minerals Limited Announces New Copper Occurrences at Edwards Creek Project Shree Minerals Limited announced that several new copper occurrences have been discovered during the first field visit to the Edwards Creek Copper Project in the Northern Territory. In late May 2021, a reconnaissance trip was made to the project to assess access and to check the location of copper and base metal occurrences recorded by previous exploration companies and the
Northern Territory Geological Survey. Sixteen rock chip samples were taken at Edwards Creek and have been submitted to the laboratory for analysis of gold, copper and multielements. Results will be announced when available. The site visit has confirmed the presence of copper and base metal occurrences at the Edwards Creek gossan and the extensions to the north and south within the folded sequence of felsic and mafic granulite, marble, calcsilicate and amphibolite. Copper mineralisation is most evident within the siliceous gossan where it forms green malachite
coatings on rockfaces. Lead-zinc mineralisation in the form of white oxide coatings on rocks occurs along strike to the north within carbonate rocks. Reconnaissance mapping in the broader Edwards Creek area has resulted in the discovery of a new copper occurrences ~750m to the east of the main gossan. The new occurrences comprise coarse ironstone with malachite staining within a poorly exposed horizon ~1m wide. The ironstone horizon is exposed intermittently for over 200m trending in a north-easterly direction. This new occurrence has not been reported by previous exploration companies that focussed exploration work on the area around the main gossan. The trend of the mineralised ironstone does not fit with previous mapping and interpretations of the geology that have been largely based on mapping originally conducted in 1985. The new copper occurrences suggest the structural setting may be more complex than previously thought. 공시 • May 16
Shree Minerals Limited Announces Exploration Licence Granted at Rock Lodge Project Shree Minerals Ltd. announced that the Exploration Licence Application over the historic Rock Lodge gold workings near Cooma in the Lachlan Fold Belt, NSW has been granted. The Rock Lodge Project covers an area of 163 sq.km and is located 35 km south of Cooma. It is prospective for orogenic, Intrusion Related Gold Systems (IRGS) and skarn related gold mineralisation. The Rock Lodge prospect exhibits high-grade polymetallic mineralisation associated with structurally controlled epigenetic massive sulphide veins. The grades intercepted during historical drilling show the area is highly mineralised and the mineral assemblages are similar to other major mineral deposits within the Canberra to Cooma region of the Ordovician Lachlan Fold Belt. The East Lachlan Fold Belt has a long history of mineral production including gold (80 Mozs), copper (13 Mt), lead, zinc, silver and tin. It contains several large operating copper and gold mines including Evolution Mining's Lake Cowal Gold Mine, Newcrest Mining Ltd's giant Cadia Mine. Also located within the East Lachlan Fold Belt is Alkane Resources' 2019 market moving Boda discovery (502 metres at 0.2% copper and 0.48 g/t gold from 211 metres). Previous Exploration at Rock Lodge: The Rock Lodge prospect has been explored by only two companies in the last fifty years. Their exploration programs progressed to RC and diamond drilling, but significant intersections were not followed up. In addition, consideration was not given to the prospectivity away from the old workings. Several target areas generated from geochemical and geophysical surveys at Rock Lodge were not followed up, including Monaro Prospect and the Bobundara Gold Mine. Historical exploration from 1988 2018 has included diamond drilling, RC drilling, IP geophysics, rock chip sampling, stream sediment sampling, trenching and acquisition of IP data on a 3.5km grid. Rock chip sampling of outcropping quartz veins at Rock Lodge by Southern Gold NL returned assay results of up to 11.1g/t Au . Diamond drilling (SGDH01 to SGDH011) in 1985 targeted the historic workings. The holes intersected up to 8m of massive sulphide with recorded grades up to 4.28g/t Au, 35g/t Ag, 0.79% Cu and 13.5% Zinc¹. Diamond hole SGDH08 intersected 12m @ 1.2 g/t Au, 9.8 g/t Ag and 0.2% Cu. The mineralisation is associated with massive and disseminated pyritearsenopyritechalcopyrite sphalerite sulphides and quartz, within host phyllites and sandstone of the Adaminaby group. This is exposed on the surface as a distinct gossan and ironstone. Desk Top study: Work by Shree Minerals has revealed that two very strong IP anomalies remain undrilled at the Rock Lodge Prospect. The presence of abundant sulphide, from past drilling, in other IP anomalies at Rock Lodge, strongly suggest the untested IP anomalies may also be due to sulphides. Both IP anomalies are over 350m long. Northern IP Anomaly. Anomalous rock chips with grades up to 2.52 g/t Au, 10.2 g/t Ag, as well as anomalous arsenic, bismuth, and copper. Follow up field work at this zone identified outcropping boxwork gossans and ironstones, located to the west of cross section C - C'. The anomaly remains open to the south. Southern IP Anomaly. There has been no recorded sampling or drilling around the southern IP anomaly, located 1 km south of the northern IP anomaly. 공시 • Mar 27
Shree Minerals Limited announced that it expects to receive AUD 3 million in funding Shree Minerals Limited (ASX:SHH) announced that has received firm placement commitment to issue 250,000,000 shares at issue price of
AUD 0.012 per share for gross proceeds of AUD 3,000,000 on March 25, 2021. The transaction will include participation from professional and sophisticated investors. The company will close the transaction in tranches. The first tranche of AUD 2,400,000 will complete on March 31, 2021. The second tranche of AUD 600,000 will include participation from major existing shareholders and directors of the company for 50,000,000 shares subject to shareholder approval at the general meeting of the shareholders to be held in May 2021. The transaction is expected to close on April 1, 2021. The transaction is subject to shareholders approval to be held on May 7, 2021. 공시 • Jan 28
Shree Minerals Ltd Submits Draft Development Proposal & Environment Management Plan to the Environmental Protection Agency for the Direct Shipping Ore Project at Nelson Bay River Project Shree Minerals Ltd. announced that the company has submitted a draft DPEMP ("Development Proposal & Environment Management Plan") to the Environmental Protection Agency (EPA) for the Direct Shipping Ore (DSO) project at Nelson Bay River Project. Following the ongoing improvement in Iron Ore Prices since mid-2018, the Company has been actively engaged in re-permitting activities at NBR. The strategy of this re-permitting has been to recommence the development and ultimate production of the existing DSO resources at NBR. As previously reported, to resolve the legal issues with the current permits, the Company applied for a new Tasmanian environmental permit for direct shipping iron operations. After public consultation in November 2018, EPA issued guidelines for the preparation of a DPEMP. Consequently, Shree has worked towards adopting this framework and has completed the requisite technical studies to develop a draft of the DPEMP which has been submitted to enable the EPA assessment process to follow. On that basis, the company hopes to be in a position in 2021 to consider a formal decision for recommencement of the mine. SHH remain committed to driving value for Shareholders and look forward to updating the market as it continues to progress this advanced junior iron ore project towards recommencement in a very strong macro environment for producers. The NBR operation was previously developed as an all-contract mining, processing and haulage operation using local contractors in the region. The DSO requires no major processing beyond crushing and screening following which, the ore is then trucked to the port and shipped. The South DSO pit ("SDSO") was developed in 2013 with production successfully commencing in November 2013 with the first shipment of ore leaving the Port of Burnie in January 2014. NBR project was placed on care and maintenance in June 2014 following sharp iron ore price falls. Historical production from the previous mining campaign totalled 181,000 tonnes shipped with average grades of Fe 57.5%, SiO2 7.7%, Al2O3 1.3%, P 0.07% and S 0.04%. Demand from historic customers was driven by positive metallurgy, specifically low impurities like alumina (Al2O3) and phosphorus (P). The historic price received for NBR ore was enhanced with a premium for low impurities and for Lump Ore in line with market benchmarks. Historic costs during Fiscal Year 2014 when the mine was last in production was approximately AUD 72 per ton FOB Burnie Port (as derived from 2014 Annual Report to Shareholders). The SDSO pit is some 25% complete, with waste rock materials deposited in two dumps designated as the Non-Acid Forming ("NAF") waste rock dump and the Potentially Acid Forming ("PAF") waste rock dump. Figure 2 shows the existing mine development on site. The main features are the SDSO pit and waste dumps. Other elements are the mine water treatment dams, ROM stockpile area and the facilities area. Figure 3 on the following page shows a Google Image. The next stage after completion of SDSO pit will be the north pit that targets the main magnetite ore body. At the top of this pit, there is an approximate 20 metre section of higher-grade ore - the beneficial oxide resource ("BFO"). This will require only dry magnetic separation in addition to crushing and screening before shipping. The BFO operation is a transition between the DSO operation and the magnetite production stage. The BFO circuit will require only a nominal capital expenditure of circa A$1 million. The BFO section is fed by a -3mm size ore stream, which is upgraded by dry Low Intensity Magnetic Separation ("LIMS"). Test work by crushing and passing the ore over a coarse LIMS unit at 600 gauss pass produced an upgraded product with grades Fe 57.5%, SiO211.5% and Al2O3 1.55% at 82.3% mass recovery. For the magnetite project, completed studies have mine planning for an open pit that will extract ore for processing through a local plant that will include circuits to grind, mill, magnetically separate to produce high grade magnetite concentrate for Blast Furnace Pellets ("BFP") and Dense Media Magnetite ("DMM"). Magnetite Pellets fetch a premium to hematite iron ore as they are higher grade and allow for less energy consumption in blast furnace. The current Resource at NBR covers approximately 1km in strike length of goethite-hematite mineralisation including approximately 400 metres of magnetite. It is based on drilling at the northern end of the strike line, where magnetic survey work indicated that the main strike line of mineralisation extends for at least 2,300 metres and is open along strike and at depth. The mineralisation in some cases is deeper than 300 metres. A study of ground magnetics by Shree and the Tasmanian Government's airborne magnetic survey data suggests that the strike length of iron mineralisation at NBR extends to in excess of 2.3km. Mineralisation remains open along strike and down dip and in some parts extends to greater than 300 metres in depth. The 3D Magnetic Inversion study based on aeromagnetic data from Mineral Resources Tasmania ("MRT") suggests continuity between the Main Body (Northern Anomaly) and the South Anomaly, but with in-between areas of non-magnetic material that could be inferred to be oxide mineralisation. Scattered detrital gossan fragments were noticed during recent reconnaissance in the Southern Anomaly area. The modelling indicates substantial continuation at depth of the magnetite-bearing ultramafic dyke. This provides exploration upside for Shree. In addition to the NBR deposit, four additional targets have been identified from airborne magnetic surveys on the project area and remain to be drill tested. 공시 • Jan 20
Shree Minerals Limited Commences Exploration At Turondale in Lachlan Fold Belt Shree Minerals Ltd. announced that fieldwork has commenced at its 100% owned Turondale Project in the East Lachlan Fold Belt, NSW. The project covers an area of 129.9 km² and is located 15km north of Bathurst. Shree completed a review of previous exploration at the Turondale Project and conducted an interpretation and target generation study. Two priority target areas have been identified. The first target area covers possible extensions of the historic workings at the Quartz Ridge and Box Ridge prospects held by Krakatoa Resources. These prospects are typical gold bearing quartz reefs of the Hill End Trough. Gold mineralisation is hosted in north-south trending `pinch and swell' quartz veins within folded volcanics and sediments. The quartz veins have widths ranging from 0.3m to 3m and extend up to 2.4km along strike. The Quartz Ridge Reef was mined pre-1878 with shallow shafts, pits and drives. Very high-grade rock chip sample results have been reported from sampling of the Quartz Ridge Reef Dead Horse Reef. RC drilling intersected 2m @ 6.5 g/t Au from 30m, including 1m @ 10.4 g/t Au. A second priority target area is located near the historic alluvial and hard-rock workings at Cheshire Creek and Winburndale prospects (Figure 2), where highly encouraging geochemical results were reported by Nickel Mines Ltd. (NML) in 1972, (Lynch 1972). Stream sediment samples returned highly anomalous assays of up to 2.5 g/t Au within several creeks draining radially from a hill 2km long by 1.5km wide. Copper and lead values were also highly anomalous with values up to 3700 ppm Cu and 980 ppm Pb. The source of the gold and base-metals is interpreted to be from the central hill that comprises a folded sequence of interbedded sediments and volcanic rock. 공시 • Aug 07
Shree Minerals Limited announced that it expects to receive AUD 1.2 million in funding Shree Minerals Limited (ASX:SHH) announced a private placement of 200,000,000 common shares at a price of AUD 0.006 per share for gross proceeds of AUD 1,200,000 on August 6, 2020. The transaction will include participation from professional and sophisticated investors. The transaction will also include participation from directors and related parties for 50,000,000 shares for AUD 300,000 subject to shareholder approval in around end of September 2020. The shares are expected to be issued on August 14, 2020. 