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BRUMBY RESOURCES LIMITED

ASX: BMY

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

Now known as Marindi Metals Ltd ASX: MZN

Brumby Resources Limited is a diversified Perth-based exploration and resources company with a focus on manganese and base metals exploration. Brumby listed on the Australian Securities Exchange (ASX) in 2006 and has made significant progress with projects in commodities including manganese, base metals and gold.

The Company has assembled extensive and high quality ground holdings in Western Australia and the Northern Territory. Brumby’s strategic approach is to refine targets, explore and evaluate the Company’s projects in a cost effective and timely manner, and to identify and develop new mineral deposits with the potential to significantly enhance shareholder value.

Brumby is managed by a highly experienced team of mining individuals with expertise in mineral exploration, development, financing and operations.

ETHEL CREEK and OAKOVER (100% BRUMBY)

Brumby holds 100% of two granted tenements E46/712 (Ethel Creek) and E52/1939 (Oakover) covering approximately 170 square kilometres in the East Pilbara Manganese Project, approximately 80 kilometres east of Newman.

Initial work undertaken by Brumby focused on the use of Landsat imaging to define potential Channel Irons Deposits (CIDs) over the tenement areas. The Landsat assessment indicated approximately 8 kilometres of potential CID targets at Ethel Creek on licence E46/712 that could be derived from the nearby Brockman Iron Formation. Refer to Figure.

At the Oakover Project, a 5,000m RC and aircore drilling programme was undertaken in late 2010 to test the potential for manganese mineralisation. Assay results and geological interpretation were released in March 2011 (refer to Latest Announcements). Based on current information, the Oakover Mn mineralisation is thought to be of a similar geological style to that at the nearby Ant Hill (100km to the north) and Nicholas Downs (50km to the north-east) deposits.

McARTHUR RIVER BASIN / BATTEN CREEK(BRUMBY 100% EXCEPT EL 25467 EARNING 80%)

During 2008 the Company continued its review of the historical data on its granted tenements, which cover a total land area of approximately 905 square kilometres in the McArthur River Basin, Northern Territory. The Company’s review of the historical data has confirmed significant manganese and base metal drill intersections on the tenements.

The Batten Creek (EL25467) and Caranbirini (EL25313) Exploration Licences comprise two granted tenements covering an area of approximately 782 square kilometres and are respectively located 70 kilometres and 15 kilometres north of the McArthur River zinc-lead-silver (Zn-Pb-Ag) mine, owned by Xstrata Zinc. The McArthur River mine is one of the world’s largest zinc-lead-silver deposits with an ore resource of approximately 120 million tonnes. The Project has been in operation since 1995 and produces approximately 1.1 million tonnes of zinc concentrate, 0.13 million tonnes of lead concentrate and 1million ounces of silver annually.

Both Caranbirini and Batten Creek Exploration Licences are located on crown and pastoral leases. The area is well serviced by road and port infrastructure at the Bing Bong port site.

BRILLIANT WELL PROJECT (90 TO 100% BRUMBY)

Brilliant Well is located within the Archean granite-greenstone terrain approximately 40 kilometres north of Leonora and 10 kilometres south east of the Teutonic Bore and Jaguar VMS deposits. The Project area encompasses three contiguous granted Exploration Licenses totaling approximately 400 square kilometres; E37/799, E37/820 and E37/831 in which Brumby has earnt a 90 per cent interest in a JV agreement with Brilliant Gold Pty Ltd.

This northeastern part of the Norseman – Wiluna Archaean Greenstone belt hosts numerous historic (Gwalia) and recently discovered multi-million ounce gold deposits (Tarmoola, Darlot, Thunder Box), NiCu sulphide deposits (Waterloo, Amorac) and CuZnAg (Jaguar) sulphide deposits.

BOOTU CREEK NORTH (100% BRUMBY)

The Project consists of granted tenement EL 25354 located 10 kilometres north of the operating OM Holdings Bootu Creek manganese mine and some 110 kilometres north of Tennant Creek in the Northern Territory. The Project tenement covers 78 square kilometres of ground along strike from the Bootu Creek mine within the same geological-structural corridor. The OM (Manganese) Limited (a wholly owned subsidiary of OM Holdings Limited), Bootu Creek open cut mining operation is located approximately 20 kilometres east of the Stuart Highway and 50 kilometres east of the Alice Springs railway line.

YULE GROUP PROJECT (100% BRUMBY)

The Yule Group Project area now comprises nine granted tenements E45/2939, E47/1193, E47/1331, E47/1340, E47/1341, E47/1730, E47/1731, E47/1750 and E47/1751, aggregating approximately 1180 square kilometres of land in the richly mineralized Pilbara region, and approximately 45 kilometres south-west of Port Hedland. Initially the Company held four granted tenements E47/1193, E47/1331, E47/1340 and E47/1341, aggregating 642 square kilometres. The area covered by these four tenements included magnetic targets that are interpreted to be intrusive, volcanic and sedimentary rocks within or on splays of the Sholl and or/Mallina Shear Zones. These geological-structural environments host Radio Hill (Ni/Cu), Sholl (Ni/Cu), Highway (Ni), Supply (Zn/Cu), Wingina Well (Au), Indee (Au) and Sherlock Bay (Ni) deposits/prospects.

Mine For

iron ore, manganese, gold, zinc, lead, silver

Location of operation(s)

Northern Territory, Western Australia

Address

Unit 3, 49 Ord Street
WEST PERTH, WA, AUSTRALIA

Phone

08 9486 8333

Email

Website


Last Updated

19/04/2011

 

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.