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INTERMIN RESOURCES LIMITED

ASX: IRC

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

Intermin Resources is a gold, copper, vanadium and molybdenum exploration company with projects in Australia.

Richmond Oil Shale, Vanadium + Mo Project, one of the world’s largest vanadium deposits, is located in North QLD.

  • Located 50km north of Richmond QLD, granted tenements covering 2,300km2
  • Oxide JORC compliant Measured, Indicated & Inferred Resource of 5.308 billion tonnes grading 0.375% V2O5 + 295g/t MoO3 including the high-grade Lilyvale Resource:
  • 87.7Mt grading 0.55% V2O5 + 384g/t MoO3
  • Potentially very large Oil Shale Resources recoverable via Open Pit mining 15-60 metres depth
  • Conceptual Target of 500-1,000 million barrels of oil
  • IRC retains ownership of metal values in the Julia Creek tenements held by Global Oil Shale plc
  • Metallurgical Testwork on upgrading oil shale in progress

Menzies gold project

  • Historic production since 1894 of ~1Moz ounces at 22g/t
  • Limited shallow drilling and no mining activity since 1990s (gold price A$500/oz)
  • Gold in rich quartz veins and shear zones up to 150m strike, 1 - 3m thick, dipping 60? to the west, plunging 40? to the south
  • Excellent metallurgy - free milling ore with high gravity recoverable component
  • Access to modern infrastructure and services, located only 130kms north of Kalgoorlie.

Kalgoorlie gold project - Teal

  • Final mining approval granted in October 2015
  • Free dig oxide open pit to recover ~17,000oz
  • Met recovery of 92% for oxide
  • Primary ore variably refractory
  • RC drilling to expand oxide and non-refractory high-grade mineralisation with potential to expand pit is pending approvals
  • Close to all required infrastructure
  • Working with operators in region to advance development and explore Teal deeps

Binduli gold joint venture

  • Exploration JV with Evolution Mining Ltd (ASX: EVN)
  • EVN earn 51% spending A$2m by April 2018
  • EVN earn further 19% spending A$2.5m by April 2020
  • EVN manages exploration
  • Highly prospective ground in close
  • proximity to Mungari mill

Nanadie Well Cu-Ni-PGE joint venture Exploration JV with Mithril Resources Ltd (ASX: MTH)

  • MTH earn 60% spending A$2m by Dec 2017
  • MTH earn further 15% spending A$2m by Dec 2019
  • MTH manages exploration
  • Current Resource of 36mt at 0.4%Cu
  • Cu-Ni-PGE targets identified at Nanadie Well by MTH
  • including new rock chip samples containing 12.85% Cu and 6.97g/t Au
  • New intercepts open in all directions
  • Additional targets identified

Wiluna Calcines – Gold Project

  • Based on gold recovery from high grade previously roasted refractory mill tailings
  • New technology developed by IRC via extensive pilot plant testwork from 2010-2013 extracting ~ 90% of contained gold
  • Indicated Resource of 0.37Mt averaging 5.01 g/t Au for 66,000 oz
  • Pilot scale trials continuing to obtain design parameters for full scale plant
  • Plant design expected in 2015/16, ~20tph, Capex ~A$21m
  • Opportunity to acquire additional calcine tailings deposits
  • Technology potentially applicable to recovery of other metals from complex ores – Ni, Cu etc

Mine For

gold, copper, vanadium, molybdenum

Location of operation(s)

Northern Territory, Western Australia, Queensland

Address

163-167 Stirling Hwy
NEDLANDS, WA, AUSTRALIA 6009

Phone

(08) 9386 9534

Email

Website


Last Updated

1/01/2016

 

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.