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MANTLE MINING CORPORATION LIMITED - ASX: MNM
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Description
Mantle Mining is a diversified Australian minerals exploration company with a large portfolio of quality projects across a range of “In High Demand” commodities. These include gold (store of wealth & fungible hedge), coal & coal bed methane (hydrocarbon energy), uranium (non hydrocarbon energy) and Phosphate (fertalizer).
The Company is based in Brisbane, Queensland and has exploration offices in Bairnsdale, Victoria and Charters Towers also in Queensland. Early stage grassroots and advanced exploration is being carried out on a number of prospect areas across three states.
Strong global demand fundamentals in Mantle’s strategic commodity areas have produced escalating market values in recent years. The price of gold has risen substantially to reach a new benchmark price at US$900 per ounce. Hard coking coal prices have tripled to $US300 per tonne and Thermal coal more than doubled to US$125 per tonne. Coal Bed Methane is in high demand, uranium prices have grown substantially and phosphate prices increased six-fold to over US$350 per tonne.
Mantle’s initial gold resources underscored the Company’s listing on the ASX in late 2006 and have potential for early exploration success and development (and hence cash flow). The existing resource base offers, in effect, the platform for accelerated growth. Mantle has also more recently applied for and acquired uranium, phosphate and coal & coal bed methane tenements and is progressing each through access agreements, field reconnaissance and drill programmes.
The Company’s pre-development gold projects named Great Britain and Granite Castle, are both located in the vicinity of Charters Towers. Both projects hold JORC compliant standard gold resources. The resources commence from surface thereby offering the Company opportunity to advance both projects to early development of open cut mining operations.
Mantle Mining is in an exciting phase of development with a strong Board, new Managing Director, appropriately positioned cash reserves and a large portfolio of quality mineral exploration projects. Early results emanating from current drilling continue to provide encouragement for accelerated exploration and development of the most promising projects.
Mantle Mining works closely on corporate social responsibility with all stakeholders to ensure that effective triple bottom line outcomes are consistently delivered.
Mine For
phosphate, gold, silver, coal
Location of operation(s)
Queensland, Victoria, Northern Territory, South Australia
Address
Se 25 145 Stirling Hwy
NEDLANDS, WA, AUSTRALIA
Phone
(61 8) 9389 3130
Website
Last Updated
4/5/2011
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.
