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ELEMENTAL MINERALS LIMITED

ASX: ELM

The data on Australian Shares.com is intended as a guide only and is compiled from information in the public domain. Data on this website should not be used to make an investment or trading decision.

Description

Elemental Minerals Limited is a mineral exploration and development company listed on the Australian Stock Exchange (ELM). The companies major project is its 93% owned Sintoukola Potash Project.

The Sintoukola Potash Project is situated on the coast of the Republic of Congo, 60 kilometres to the north of the major west African port of Pointe Noire. Historically 26 exploration holes were sunk into the project area by previous explorers which identified both Slyvinite and Caranalitite mineralisation situated at depths varying from 275 to 1,000 metres (shallow by international comparisons). Exploration activities on the project commenced during the first quarter 2010 with two drill rigs and associated equipment being mobilised as part of the planned exploration programme.

Sintoukola Potash Project

The Sintoukola Potash prospect is situated on the coastal plain of the Republic of Congo (ROC) in West Africa. Sylvinite and Carnallite mineralisation was initially discovered in the 1930ís during oil exploration and studied in more detail in the 1960ís when 26 holes were drilled in the permit area to determine the extent and type of mineralisation. Historically potash has been mined in the ROC with the Holle mine situated 70 kilometres to the south east of the project operating from 1968 to 1977 during which time approximately 7.5 million tonnes of Sylvinite was mined and 2.4 million tonnes of potash concentrate exported.

The Sintoukola Potash project is situated in a geological environment commonly referred to as the Congo Basin which stretches from Gabon to Angola on the western seaboard of Africa. The Congo Basin was formed during the separation of Africa and South America during the breakup of Gondwana land. The resulting evaporite formations which are thought to have occurred through the evaporation of sea water in a shallow marine environment are estimated to be up to 900 metres thick and include known deposits of Sylvinite and Carnallite.

Exploration activities by a French exploration company (FRCP) in the 1960ís and 70ís identified several Sylvinite and Caranallite prospects which are contained within a 1,436 sq km exploration license held by Sintoukola Potash S.A. Sintoukola Potash is a ROC registered company whose major shareholder and operator is Elemental Minerals Limited with a shareholding of 93%, the remaining shareholders are Les Establissements Congolais MGM (5%) and Tanaka Resources (Proprietary) Ltd. (2%).

Forrestania Project - Nickel & Gold

The Forrestania tenements are located approximately 140km east of Hyden, proximal to the Lake Johnston Greenstone Belt in Western Australia. The Forrestania Project comprises two granted exploration licenses E63/880 and E63/881, covering a total of 64 blocks. Access to the area can be obtained from the Hyden- Norseman unsealed road. This road directly crosses E63/880 and runs just to the north of E63/881. The Forrestania and Lake Johnston districts are being actively explored for nickel sulphide mineralisation by other companies.

Recent discoveries of nickel sulphides have occured at the Flying Fox, Emily Ann and Maggie Hays projects. The Project Tenements lie to the south and south west of the Maggie Hays deposit, and have interpreted structural targets and the likelihood of covered greenstone sequences. Previous Exploration Little exploration has occurred over the project tenements though regional programs during the 1980ís indicate that greenstones were present in the area (just north of E63/880). It is apparent from other exploration activities that covered greenstones occur in this region that have gone unrecognised until now. Exploration in the area has been hampered by the surficial cover prevalent in the area and preconceived ideas regarding underlying stratigraphy.

Mine For

gold, nickel, potash

Location of operation(s)

Congo, Western Australia

Address

37 Colin St
WEST PERTH, WA, AUSTRALIA

Phone

(61 8) 9322 2700

Email

Website


Last Updated

11/04/2011

 

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.

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