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SIBURAN RESOURCES LTD

ASX: SBU

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Description

Siburan Resources Limited is a West-Australian based exploration company with tungsten and gold projects in Australia, New Zealand and Papua New Guinea. Siburan Resources was established in 2009 with a portfolio of gold and uranium projects whilst in the midst of the global financial crisis. This provided Siburan Resources an early strategic step of assembling, at a reasonable cost, exploration projects offering sound potential. Since the company’s public listing in the Australian stock market on 18 May 2010, Siburan has expanded their portfolio of projects to include the in-demand strategic metal, tungsten.

There is growing interest in the Kirwan Tungsten project (NZ) due to tungsten’s versatility in many manufacturing uses, the growing market demand for this strategic metal provides Siburan Resources the impetus for continuous exploration well into the future.

Siburan Resources has signed a share subscription agreement with China-based Nuclear Industry Geological Bureau of Hunan Province to aid the development of the Kirwan Tungsten Project. The company has also entered a strategic joint venture with RH Resources to identify and acquire projects in Papua New Guinea.

The Canegrass Project comprising Exploration Licenses E29/789 and E24/177 is located approximately 70 km to the north east of Kalgoorlie, Western Australia and covers an area of approximately 365.4 km2.

The Mt Pleasant Project is located approximately 35km north-northwest of Kalgoorlie in the Broad Arrow Mineral Field and some 555km east-northeast of Perth. The Mt Pleasant Project comprises 15 granted prospecting licence applications comprising an aggregate area of some 16.19km2.

Mine For

gold, uranium

Location of operation(s)

Western Australia, Papua New Guinea

Address

Suite 8, 18 Stirling Highway
NEDLANDS, WA, Australia

Phone

(61 8) 9386 3600

Email

Website


Last Updated

12/2/2015

 

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.