Admiralty Res.A0B9TU
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Admiralty Resources Project and Mineral Portfolio
Project Mineral Deposits
Rincon Salar Lithium, Potash, Sodium
Cia Minera Santa Barbara Iron Ore
Pyke Hill Cobalt, Nickel
Bulman Zinc, Lead
Iron Ore Project, Chile
Admiralty Resources NL acquired a 50% interest in the Sociedad Contractual Minera Santa Barbara iron ore mines.
10,876 hectares of tenements.
JORC measured and indicated resource of 41 million tones of iron ore with an iron content averaging 13.7%.
Stockpiles of 3 million tones of iron ore fines grading 14% iron.
Production of 100,000 tones per month of magnetite iron ore averaging 63.5% iron with phosphorous at 0.06%, silicon at 4% and sulphur at 0.01%.
Iron ore is shipped out of Caleta, Caldera in handymax ships.
A number of distribution partnerships have been formed including ITOCHU Japan acting as agents for Japan and China.
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Ms F Finucan
Company Advisor
ASX
Riverside Centre, Level 5,
123 Eagle Street,
Brisbane, QLD, 4000
Dear Francis,
We request that you place Admiralty Resources in a trading halt. We request this
trading halt because of the following:
1. We are completing a final peer review of the JORC report on the resources of
the Rincon Salar which will impact the reserves of lithium and potassium
minerals available to the company compared to a previous inferred estimate.
2. We request this trading halt to remain in place until Wednesday 25 July 2007
or when the announcement is released to the ASX whichever is the earlier.
3. We are not aware of any reason why the trading halt should not be granted.
4. There is no other information that needs to be provided to support this
request. Executives and consultants are working on this document to have it
released as soon as practical.
Yours sincerely,
Phillip Thomas
Managing Director
Auf hottcopper.com ist ADY unter den Top 5.
trading halt because of the following:
1. We are completing negotiations with Wyndham Explorations SA to acquire a
further 10% of the issued share capital of the joint venture company Cia
Minera Santa Barbara. This will increase Admiralty Resources NL equity in
the joint venture from 50% to 60%. Admiralty Resources shares in Cia
Minera Santa Barbara are held by Fortune Global Holdings Limited, a wholly
owned subsidiary of Admiralty Resources NL. Earnings received by
Admiralty will increase by 16.7%.
2. We request this trading halt to remain in place until Friday 27 July 2007 or
when the announcement is released to the ASX, whichever is the earlier.
3. We are not aware of any reason why the trading halt should not be granted.
4. There is no other information that needs to be provided to support this
request. Executives and legal practitioners are working with the relevant
parties to complete negotiations and documents to have it released as soon
as practical.
Yours sincerely,
Phillip Thomas
Managing Director