ABM Resources (ASX:ABU) is developing several gold discoveries in the Central Desert region of the Northern Territory of Australia. The Company has a multi-tiered approach to exploration and development with a combination of high-grade production scenarios such as the Old Pirate High-Grade Gold Project, large scale discoveries such as Buccaneer, and regional exploration discoveries such as the Hyperion Gold Project. In addition, ABM is committed to regional exploration programs throughout its extensive holdings including the alliance with Independence Group NL at the regional Lake Mackay Project.
ABM Resources NL
ASX:ABU ISIN:AU000000ABU9
News
ABM Resources NL (ASX:ABU) Announces Exploration - Gold; Data compilation and field review has defined 3 priority gold targets for drill testing during 2009 at Broads Dam JV, Western Australia. An option granted to a third party company to explore, develop and purchase part of ABM's interest in the gold project. Exploration in Base Metals; In Erayinia JV (Western Australia), Data compilation continues, including gold and uranium targeting. In Corporate ABM announces Further cost reductions achieved, and completion of Capital Raising with Blackwood Capital.
ABM Resources NL (ASX:ABU) is pleased to announce that it has entered into an option agreement pursuant to which it has granted a company the option to explore, develop and purchase part of ABM's interest in three exploration licenses (2234L, 2295L and 1435L) located in Mozambique (Mimosa Tenements).
ABM Resources NL (ASX:ABU) Quarterly Activities Report to Dec 31, 2008
ABM Resources NL (ASX:ABU) acquired equity in the highly prospective Mimosa Gold Project in the under-explored Archaean greenstone belt of the Manica Province in central Mozambique, near the Zimbabwe border and approximately 800km north of the Mozambique capital of Maputo, in early 2008.
The Directors of ABM Resources NL (ASX:ABU) advise that its Farm in Heads of Agreement partner, Australian Gold Investments Limited (ASX: AGV) have made an announcement in relation to the granting of tenements at Broads Dam. ABM is pleased to advise that it has the right to earn an interest of up to 40% in tenement numbers P16/2386, P16/2387 and P16/2388.
ABM Resources NL (ASX:ABU) is pleased to announce it has reached an in-principle agreement with Blackwood Capital Limited ("Blackwood") to raise gross funds of up to $1,012,040 through the placement of up to 84,336,699 shares at $0.012 per share, with a 1 for 5 free attaching unlisted option with an expiry period of two years and an exercise price of $0.02, to institutional and sophisticated investor clients of Blackwood. The unlisted options are subject to shareholder approval at the AGM of the Company scheduled for 27 November 2008.
ABM Resources NL (ASX:ABU) Announce a 6.7 metre base metal sulphide zone intersected in hole ECD149 at King Prospect, Erayinia project with extensions to the Southern Lens confirmed by hole ECD149. Three of four diamond holes completed at King intersected massive and disseminated sulphide mineralisation with assay results awaited.
ABM Resources NL (ASX:ABU) is offering its shareholders the opportunity to increase their holding and participate in the continued growth of the Company through a Share Purchase Plan (SPP).
ABM Resources NL (ASX:ABU) holds a 67.33% interest in the highly prospective Mimosa gold project and has the right to increase its interest to 86.33% after spending US$3M. Mimosa is adjacent to the under-explored Archaean greenstone belt of the Manica Province in central Mozambique, approximately 800km north of the Mozambique capital of Maputo.
ABM Resources NL (ASX:ABU) Announce significant diamond drill results including 3m @ 7.5% zinc received from last two holes of recently completed program at King Prospect. These drilling results have extended the high grade zinc rich massive sulphide Northern Lens 60m below and 50m north of the ED116 intercept of 5m @ 10.5% zinc.
387,759 COMPANY PROFILE VIEWS
- This Page Viewed: (Last 7 Days: 299) (Last 30 Days: 2204) (Since Published: 150992)