Northern Mining Limited
ASX:NMI ISIN:AU000000NMI4
During 2011/2012, NMI focussed its exploration efforts on the East Kalgoorlie Project in Western Australia, where the Company has strong indications of three gold mineralised systems within its tenure (Blair North, Kanowna Lights and Snake Hill Prospects). All prospects are ideally located to key infrastructure and gold processing facilities.
At the Camel Prospect in the Northern Territory, manganiferous outcrops occur in two discrete areas some 23 kilometres apart with limited exposure of rocks anomalous in manganese. At both areas, the zones of interest are covered by a shallow cover sequence. Rock chip values of the limited outcrop returned consistently elevated Mn results up to 15.7% Mn at Area 1 and up to 45.6% Mn at Area 2. The Prospect covers some ~3,260 hectares, is centred 127 kilometres southwest of Alice Springs and is readily accessed by the sealed Stuart Highway which passes through it. The Prospect is <110 km west of the Adelaide-Alice Springs Rail Corridor.
The Company's interest at the Radzimowice Project in Poland, is focussed on a bulk tonnage Au-Ag-Cu target which has not been subject to modern day exploration.
News
The Board of Northern Mining Limited (ASX:NMI) welcomes Mr Patrick Tan as Chief Financial Officer and Company Secretary, commencing 01 October 2013.
Northern Mining Limited (ASX:NMI) (Company) is pleased to announce that it has today completed a placement 87,294,881 new ordinary, fully paid shares in the Company (Placement Shares) at an issue price of $0.006 per share to Provenance Finance Limited BVI (Provenance), to raise a total of AU$523,769 (Placement).
Ravensgate Mining Industry Consultants (Ravensgate) were recently contracted by Northern Mining Limited (ASX:NMI) to carry out an independent review of the Blair North, Kanowna Lights and Snake Hill Prospects in the East Kalgoorlie Project.
Northern Mining Limited's (ASX:NMI) main priority for 2013 is to identify and drill test new gold and base metal targets at our highly prospective Blair North, Snake Hill and Kanowna Lights prospects in the East Kalgoorlie Project in Western Australia. Previous exploration on these prospects indicates resource potential from future and ongoing exploration.
Northern Mining Limited (ASX:NMI) is pleased to advise that the concessions and mining lease agreement for the Szklary Nickel Project ("the Project") in south west Poland were renewed for a further three years from 25 March 2013 to 25 March 2016 (NMI 90%).
Northern Mining Limited (ASX:NMI) are pleased to provide the Company Presentation at the 2012 Annual General Meeting 2012.
Northern Mining Limited (ASX:NMI) is pleased to advise that it has increased its holding in the East Kalgoorlie JV from 76% to 79% in consideration for past exploration expenditure contributable by Balagundi Gold Pty Ltd (Balagundi).
During the quarter, Northern Mining Limited (ASX:NMI) maintained its focus on the East Kalgoorlie Project conducting aircore drilling at the Hake Prospect and diamond drilling programs at Northern Zone Deeps and Snake Hill.
Northern Mining Limited (ASX:NMI) is pleased to advise that it has raised a further $0.5 million ("Shortfall Placement") at 2 cents per share from the shortfall of the recently completed Rights Issue.
Further to the dispatch of the Company's Prospectus for a Renounceable Rights Issue, the Board of Northern Mining Limited (ASX:NMI) is pleased to provide you with a brief Company update, including a current map of its East Kalgoorlie Project tenements in Western Australia.
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