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GIPPSLAND LIMITED Delisted

ASX: GIP

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Description

Gippsland’s activities are primarily focussed on the Arabian-Nubian Shield, which in recent times has yielded a number of world scale projects, particularly in regard to gold, copper and Volcanic Massive Sulphide projects.

The Company’s prime asset is the world scale Abu Dabbab-Nuweibi Tantalum Project in Egypt, which is destined to be the world's foremost source of the strategic supermetal tantalum, which is vital to the global electronics and aerospace industries.

Gippsland also has a 40% free carried interest in the Tasmanian Heemskirk Tin Project, the largest known hard rock tin deposit in Australia.

Abu Dabbab Tantalum Project

The 44.5 million tonne Abu Dabbab tantalum-tin-feldspar deposit is located within the Central Eastern Desert in Egypt. The deposit is located about 16km inland from the western shore of the Red Sea. The deposit is covered by two Exploitation Leases (1658 & 1659) granted in the name of Tantalum Egypt JSC, a company incorporated in Egypt and owned 50% by the Egyptian Government via the Egyptian Mineral Resources Authority (EMRA) and 50% by Tantalum International Pty Ltd which is a 100% owned subsidiary of Gippsland Ltd.

Nuweibi – Tantalum, Niobium, Feldspar (Gippsland 50%)

The 98 million tonne Nuweibi is located 17km to the south-southwest of Gippsland's Abu Dabbab deposit and 30km inland from the western shore of the Red Sea. The nearby Abu Dabbab has adequate resources for at least a decade of mining such that immediate exploration is not warranted. Exploration will in time focus on infill drilling to upgrade the resource categories. This will involve the completion of a series of lines of RC drilling to 150m.

Wadi Allaqi Overview

Gold mineralisation

Wadi Allaqi district contains a number gold occurrences and deposits. The gold mineralisation occurs within quartz veins and veinlets within brittle-ductile shear zones concordant with the general northwest tectonic trend in the area. The steep dip of the veins and the hardness of the host rocks presented technical mining challenges to the ancients. The exposed parts of the veins were easily removed but continued exploitation required going underground. This was done in one of two ways; either by following the shoot down plunge or by digging an adit below the level of the vein intersecting the vein at different levels. The ancients panned powdered quartz samples taken from the vein to identify the ore zones.

Nickel-Copper Mineralisation

Copper at Abu Swayel was mined by the ancient Egyptians during the Twelfth Dynasty of the Middle Kingdom (1991-1786 BC) from shallow open cut workings which can be traced over a length of 180m. The mineralised host unit is an elongated, lenticular amphibolite body which can be traced for some 500m along a northwest-southeast strike and enclosed by a garnet-mica schist. Copper-nickel mineralisation occurs both in the amphibolite body and in enclosing host. The mineralisation contains chalcopyrite, pyrite, nickel-bearing violarite, and ilmenite. The relict textures of the pyrite and the violarite show the primary ores to be pyrrhotite, pentlandite and chalcopyrite. The drilling intersected a persistent, apparently stratiform, sulphide-bearing zone of variable thickness, that hosts the mineralised amphibolite body.

Adobha Project

Gippsland’s 100% owned subsidiary Nubian Resources Pty Ltd has been granted a 2,100 sq km Exploration License and three 100 sq km Prospecting Licenses in the highly prospective north-western part of Eritrea. The Adobha region is situated in the Precambrian Nubian-Arabian Shield that includes the 14.49 Moz Sukari gold deposit plus Gippsland's world class 142.4 million tonne JORC Compliant Abu Dabbab-Nuweibi tantalum-tin deposits.

The new Licenses cover 2,400 sq km of a highly mineral endowed region that is regarded as very prospective for volcanogenic massive sulphide (VMS) mineralisation and structurally controlled gold mineralisation. Local examples of these types of deposits are the Bisha base metal deposit (1.44 million ounce gold and 0.39 million tonne copper) located some 174 km to the south and the 0.760 million ounce Zara gold project (Koka deposit) located only 16 km to the south of the Company's most southern Licence.

Heemskirk – Tin (Gippsland 40%)

Heemskirk tin (Sn) deposit is located within a major tin province in the northwest of Tasmania approximately 15km from the large Renison tin deposit. Tin mineralisation occurs as cassiterite and stannite in four deposits; Queen Hill, Severn, Montana and Golf Course, three of which contain defined Mineral Resources.

Heemskirk Tin represents the largest undeveloped high grade tin resource in Australia. It is located near well established infrastructure and within 18 kilometres of the Renison Bell tin concentrator.

Past drilling totalling 23,000m has established the presence of a substantial tin resource. The Severn deposit, the largest of the four, is located approximately 120m below the surface and is considered to be open at depth. To a depth of 500m below surface, the inferred resources include 5.1Mt at 0.6% Sn within the 1% mineralised envelope. At Queen Hill the mineralisation outcrops on a hill approximately 300m due west of the Severn deposit and contains indicated resources of 1.8Mt at 0.82% Sn. The mineralisation includes minor amounts of copper, lead, zinc and silver.

The Heemskirk deposit is held in the form of a Retention Licence number 5/1997 which is in good standing with the Department of Infrastructure, Energy and Resources – Mineral Resources of Tasmania.

  • Abu Dabbab
  • Abu Dabbab Alluvial Tin
  • Nuweibi
  • Wadi Allaqi
  • Adobha
  • Heemskirk

    Mine For

    tantalum, niobium, gold, nickel, copper, tin

    Location of operation(s)

    Egypt, Tasmania, Eritrea

    Address

    Suite 12 , 186 Hay Street
    Subiaco, WA, AUSTRALIA

    Phone

    08 9340 6000

    Email

    Website


    Last Updated

    4/4/2014

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    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.