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SOUTH EAST ASIA RESOURCES

ASX: SXI

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Description

South East Asia Resources is a resources focused exploration company listed on the Australian Securities Exchange and Frankfurt Stock Exchange (FSE code: R1E).

SXI is focused on exploring and developing its cornerstone asset, the highly prospective Malala Molybdenum Project (23,747 Ha total) located in Sulawesi, Indonesia, approximately 12km from a deep water harbour at Malala Bay.

SXI is currently focussed on delineating the size and grade of the Anomaly B prospect through a series of exploration programs including drilling, trenching, geophysics and geochemistry. SXI is yet to define a JORC resources however, it is in the process of verifying an initial minimum Exploration Target at Anomaly B of 105-115Mt @ 660-900ppm Mo* based on previous work by Rio Tinto, Santos and the Company. SXI expects to build on this target over time.

Recent exploration suggests Anomaly B could be just one of a series of molybdenum-bearing prospects within the district, with regional reconnaissance generating a number of high priority targets, including a large target area within the PT Promistis concession.

Mine For

molybdenum

Location of operation(s)

Indonesia

Address

311-313 Hay Street
SUBIACO, WA, Australia

Phone

+61 (0) 8 6489 0600

Email

Website


Last Updated

29/10/2014

 

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.