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NIMRODEL RESOURCES LIMITED - ASX: NMR
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Description
Nimrodel was incorporated in 2006 and officially listed on the Australian Stock Exchange on 7th November 2006 as a mineral and energy exploration company.
The Buckaroo Project
The Buckaroo Projects (EL6624 and EL 6887) are located in north western NSW between the towns of Nyngan and Bourke, just east of the Mitchell Highway near the town of Coolabah. The EL 6624 and EL 6887 tenement areas comprise approximately 468.6km² and 142.4km2, respectively. The Project is situated in a region that has yielded economic resource discoveries for other listed entities and is located close to existing infrastructure in a district noted for its mining activity.
The Buckaroo Projects have a limited exploration history providing the opportunity for a greenfields discovery. EL 6624 and EL 6887 extend over more than 50 km of strike length in the highly prospective Girilambone Group Sediments which host the high grade Girilambone and Tritton copper deposits.
Exploration activity by Nimrodel has centred on geology mapping and auger soil sampling in a strategy to develop RAB and RC drilling targets. To date, Nimrodel have collected 6076 samples, of which results are pending for 750 samples collected in 2009. The geochemical results have proven anomalism in gold up to 1.47g/t and copper up to 754ppm. These anomalies have been the basis for the designation of continued auger soil sampling in 2009. This sampling aims to generate better target definition for a RAB drilling programme in 2010.
African Coal Interests and Australian IOCG and Uranium Projects
Nimrodel Resources Limited (ASX: NMR; “Company”) announces that the Company has agreed to acquire 100% of the issued capital of Walkabout Resources Pty Ltd (“Walkabout”), a company that has interests in coal exploration projects in Botswana and Tanzania as well as two projects in Tasmania.
Botswana Highlights
* Rights to acquire 70% interest in 2 Botswana coal tenements
* Drilling has been conducted on both tenements
* Limpopo Project is in greater Mmamabula Coal field in Eastern Botswana, contiguous with the Waterberg coal fields and within 50km of Grootgeluk mine in South Africa
* Historical drilling and reports indicates shallow and mineable thermal coal suitable for export
* Targeting JORC classified resources by end of 2011
* Deferred consideration based on 500Mt of Inferred JORC resource
Tanzania Highlights
* 100% granted tenements in the east coast based Lindi Project in the Mandawa basin
* Initial prioritized drilling to test Cretaceous sediments for coal and uranium
Tasmania Highlights
* Rights to earn 65% of Specimen Reef Project - IOCG
* Tenements are adjacent to Savage River Mine (iron ore)
* Savage River first place in Australia to mine Iridium and Osmium
* Small drill program in 1982 intersected 910g/t Au over 0.2m at 140m
* 100% Avoca Project prospective for uranium in downstream trap sites of the St Paul’s River system
Mine For
copper, gold, uranium, coal
Location of operation(s)
New South Wales, Tanzania, Botswana
Address
Unit 2 94 Hay St
SUBIACO, WA, AUSTRALIA
Phone
(61 8) 9426 0500
Website
Last Updated
29/6/2011
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.
