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REDCLIFFE RESOURCES LIMITED

ASX: RCF

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 has an expanding exploration portfolio in East Africa focussing on the Mbesa Copper Project in southern Tanzania as well as the established Redcliffe Gold Project near Leonora in Western Australia’s Eastern Goldfields plus a free carried interest in the Manus Island Copper Gold Project in PNG.

Mbesa Copper Project, Tanzania (90%)

The Mbesa Copper Project is located in the Tunduru district of southern Tanzania. Artisanal copper mining activity consists of excavating high grade copper mineralisation, selectively jaw crushing and packing into Bulka Bags for direct shipping and sale to offshore buyers for processing. Redcliffe’s rock chip sampling has yielded results of up to 14% copper along with 70ppm Silver.

The Project offers immediate evidence of high grade copper (+silver) mineralisation as well as large project potential in a region where minimal historical exploration has been undertaken. The Company is encouraged that the mineralisation model being worked on shows similarities to other African Copper Belts.

Papua New Guinea / Gold & Copper / Redcliffe 10%

Redcliffe has a 10% free carried interest to decision to mine. Since the withdrawal of Newcrest negotiations have been initiated with parties interested in pursuing exploration of the Project.

Eastern Goldfields, Western Australia / Gold, Silver, Nickel & Base Metals / 100% Redcliffe Resources

The Redcliffe Gold Project is located near Leonora in Western Australia’s Eastern Goldfields within the Company’s licence area where previous open pits in the 1990s have produced over 90,000 oz of gold. Current estimated resources stand at 278,000 ounces of gold occurring as a series of deposits along the Mertondale Shear Zone within granted mining leases. The deposits along with the many other prospects (at various stages of exploration) are considered to hold substantial potential for adding to resources.

Mine For

copper, gold, silver, nickel, base metals

Location of operation(s)

Tanzania, Papua New Guinea, Western Australia

Address

PO Box 63
WENDOUREE, VIC, Australia

Phone

(03) 5333 3200

Email

Website


Last Updated

23/3/2015

 

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.