ADITYA BIRLA MINERALS LIMITED - ASX: ABY

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Description

Aditya Birla Minerals (ABY) is an Australian based mining company with a focus on copper production and exploration; located in Perth, Western Australia. Our company holds mining and copper exploration activities at the Birla Nifty Copper Operation (BNCO) in the Great Sandy Desert, Pilbara, WA and the Mt Gordon Copper Operation (MGO) located in the Mt Isa Block, QLD.

Copper Exploration

Aditya Birla Minerals holds copper exploration tenements around the Birla Nifty Copper Operation (BNCO) in the Great Sandy Desert, WA and the Mt Gordon Copper Operation (MGO) located in the Mt Isa Block, QLD. In addition to these copper exploration tenements, the company obtained exploration rights to the Maroochydore Copper Project. The tenements are actively explored using exploration and underground drilling, geophysical and geochemical methods to discover economic copper deposits. The most advanced project is Maroochydore with a Joint Ore Reserves Committee (JORC) compliant resource of 41.4Mt at 0.8% copper. Aditya Birla Minerals owns 100% of the Maroochydore deposit which is subject to a 50% buy-back clause to Straits Minerals Ltd.

Birla Nifty Exploration

The copper exploration operations at the Birla Nifty plant in 2008 showed massive Sphalerite and pyrrohotite intersected with a best intercept of 17m at 7.36% zinc. Down hole EM completed in 2009 showed conductive zone extends to the north and drilling is planned to test strike extents.

Maroochydore Project

Maroochydore has copper resources of 40Mt at 0.8% copper and Aditya Birla Minerals is strongly focussed on converting those resources into reserves, as well as identifying a higher grade sulphide mineralisation.

Mt Gordon Copper Exploration

Aditya Birla Minerals holds a large area of prospective ground in the immediate Mt Gordon district. An extensive geophysical review has been undertaken and a VTEM survey is planned for 2010.

Black Diamond Prospect

Aditya Birla Minerals have a first pass intercept of 12m at 0.99% copper from this prospect from 2009 drilling and follow up drilling is planned for 2010.

Bluff Prospect

The Bluff prospect, 10km south of Mt Gordon intersected a low grade zone of mineralisation with intercepts up to 25m at 1.08% copper (ECHDDH003, from 86m).

Mine For

copper, gold, zinc

Location of operation(s)

Queensland, Western Australia

Address

Level 3, Septimus Roe Square, 256 Adelaide Tce
PERTH, WA, AUSTRALIA

Phone

(61 8) 9366 8800

Email

Website

http://www.adityabirlaminerals.com.au

Last Updated

21/04/2011