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ASF GROUP LTD

ASX: AFA

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

The Company, through its wholly owned subsidiary, ASF Resources Pty Ltd ("ASFR"), has assembled mineral exploration projects in Australia. ASFR's strategy is to build a portfolio of quality exploration, energy and mining projects and enter partnering and co-investing arrangements with major Chinese mining groups.

The Company has established relationships with a number of major mining groups in China that are interested to invest in Australia's energy & resources sector.

ASFR's current resource interests are:

* South Ellendale project which is a large project area in the Canning Basin of Western Australia comprising six Exploration Licences and four Exploration Licence Applications covering an area of approximately 2,000 square kilometers. These tenements are known to be prospective for thermal coal and diamonds; and

* Three projects in Tasmania that are prospective for base metals, tin, gold and iron in the established mineralized belt of western Tasmania.

ASF Energy was established to sell Australian resources to commercially-strategic partners of ASF in China. The initial trial shipment of 41,000 tonnes of Australian coal was sold to China Huaneng Group, a major power supplier in Shanghai.

Potential future supply chain agreements are under negotiation to enable ASF Energy to ship resources to the rapidly growing markets of Asia and China.

Mine For

tin, gold, iron ore, lead, silver, coal

Location of operation(s)

Western Australia, Tasmania

Australian Basins

Canning

Address

Suite 2, 3B Macquarie Street
SYDNEY, NSW, Australia

Phone

+61 2 9251 9088

Email

Website


Last Updated

27/04/2014

 

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.