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Resource Star Limited - ASX: RSL
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
Resource Star Ltd is a publicly-listed Australian company (ASX : RSL) that has interests in uranium and specialty metals (exploration assets in the Northern Territory, in Tasmania, Western Australia and Malawi.
The Company's main projects are the 100%-owned Edith River Uranium Project in the Northern Territory; and a joint venture with Globe Metals & Mining (ASX : GBE) on the Machinga Niobium-Rare Earths Project in Malawi. Globe is managing the Machinga program, with input from Resource Star, and they are currently earning 20% equity through exploration expenditure. In a staged process Globe can earn up to 80% in the project by funding all activity up to and including a feasibility study.
Resource Star recently issued a Prospectus and completed a Public Share Offer in conjunction with Allegra Capital, to allow the Company to comply Chapters 1 and 2 of the ASX Listing Rules, and the Company relisted in February 2010.
As of February 2010, the Top 20 shareholders owned 48% of the company, and the UK AIM-listed company Red Rock Resources plc is the major shareholder with 22%.
Mine For
Uranium, Rare Earths
Location of operation(s)
Northern Territory, Malawi
Address
Level 9, 440 Collins St
MELBOURNE, VIC, AUSTRALIA
Phone
(61 3) 9607 1322
Website
Last Updated
02/03/2010
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.