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COMPASS RESOURCES LTD - ASX: CMR
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Description
Compass Resources NL is an Australian minerals exploration and development company with interests in base metals, gold and uranium projects. Our core activities are focussed on the Rum Jungle mineral field in the Northern Territory of Australia. Compass controls the greater part of prospective leasing in this area, founded on our capability to assess, identify and secure ground that is highly prospective for our target commodities.
Compass has a strong international investor base and network in China and South-East Asia that provides access to capital and partnerships to bring these assets into production as early as possible.
The company has a base metals resource base totalling over 84 million tonnes and uranium resource of 14.5 million pounds of U3O8 and has dominant ground positions in the highly prospective Rum Jungle area in the Northern Territory.
As well it has highly prospective exploration interests in New South Wales and Peru.
All of these area’s offer potential to substantially increasing existing resources as well as significant new discoveries through aggressive, well-executed exploration programs.
The Company’s objective is to advance to be a major base metals and uranium producer with at least three producing mines operating within the next five years.
Base & Specialty Metals Resources
Mine For
copper, lead, cobalt, nickel, silver, uranium
Location of operation(s)
New South Wales, Peru, Northern Territory
Address
Level 5, 384 Eastern Valley Way
ROSEVILLE, NSW, AUSTRALIA
Phone
+61 2 9417 3588
Website
Last Updated
14/04/2011
The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.
