Atlantic Ltd Company. Exploration & Vorbereitung!!

COMPANY UPDATE Highlights: Exploration preparation JV discussions continue Issue of 2nd Tranche of Bao Loc bauxite project acquisition consideration Bao Loc Bauxite Province, Vietnam Exploration Program The Company is pleased to report on progress at its bauxite exploration project at Bao Loc, Lam Dong Province, Vietnam.The Company is currently working with local contractors to prepare and plan exploration commencement. The program, which will include a combination of boreholes and shafts to a depth of 7 – 10 metres, will endeavour to delineate an inferred resource on the Bao Loc permit. A total of approximately 85 drill holes and 50 shafts are planned, with the program anticipated to be completed within a month of commencement.

Previous sampling by Atlantic assayed 47.9% Al2O3 (washed and screened), 46.15% available Al2O3 and 1.04% reactive Silica. These results were consistent with previous exploration data from trenching and shafts. Previous exploration data included an estimate of the extent of the bauxite mineralisation based on area and average thickness to suggest a conceptual target in the order of 50 to 100 million tonnes.

To date there has been insufficient exploration activity to define a Mineral Resource as defined by The Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code). Project, Lam Dong ASX Release 11 September 2009 ATLANTIC LIMITED Level 2, 16 Altona Street West Perth WA 6005 Tel: +61 8 9482 0500 Fax: +61 8 9482 0505 Contact: JOHN HANNAFORD Director jhannaford@atlanticlimited.com.au DAVID VARCOE Project Manager dvarcoe@atlanticlimited.com.au MORGAN BARRON Company Secretary mbarron@atlanticlimited.com.au E-MAIL: info@atlanticlimited.com.au WEBSITE: www.atlanticlimited.com.au Directors: John Hannaford (Executive Director) Tony Veitch (Non Executive) Jim Malone (Non Executive) Issued Capital: 793,481,908 327,714,409 69,000,000 Ordinary Shares Listed Options Unlisted Options ASX Code: ATI (Fully Paid Ordinary Shares) ATIO (Listed Options) Joint Venture Discussions Joint Venture discussions are proceeding with Vinacomin, the Vietnamese state owned bauxite and coal mining company. These discussions are examining the establishment of a bauxite exploration and development joint venture including joint properties in the bauxite prospective Bao Loc area covering a significantly larger area than the Bao Loc concession.

Atlantic believes that the discussions can reach successful completion, however it is unclear exactly when that may occur. Performance Share Conversion Atlantic’s board has resolved to proceed with conversion of the Tranche A performance shares currently on issue. These performance shares represent the second tranche of consideration issued for the acquisition of Azure Mining International Limited (“AMI”), the ....

http://www.atlanticlimited.com/


Atlantic Ltd APPOINTMENT OF MANAGING DIRECTOR  Fri, 25 Sep 2009 18:56:00  
http://wotnews.com.au/announcement/...NT_OF_MANAGING_DIRECTOR/992048/


22.09.2009 09:03
RSM, 98S: AUSSETZUNGEN/SUSPENSIONS
DIE FOLGENDEN AKTIEN SIND AB SOFORT AUSGESETZT:
THE FOLLOWING SHARES ARE SUSPENDED WITH IMMEDIATE EFFECT:

INSTRUMENT NAME KUERZEL/SHORTCODE ISIN BIS/UNTIL

Resolute Mining LTD RSM AU000000RSG6 BAW/UFN
Atlantic LTD 98S AU000000ATI6 BAW/UFN

http://www.finanznachrichten.de/...s-aussetzungen-suspensions-029.htm