VRI - Veriluma Limited - Aussie Stock Forums

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  1. #1

    Post VRI - Veriluma Limited

    Based in Western Australia, Sentosa Mining Limited (SEO) is focused on the identification and development of mineral related opportunities throughout Australia and Southeast Asia. The Sentosa Mining Limited business model is designed to facilitate the development of grass roots to in-production gold and gold-copper projects/mines.

    The company is listed on the Australian Stock Exchange under the symbol SEO and is seeking opportunities in identified areas of Australia, Vietnam, Laos, Thailand, Indonesia, Philippines, Malaysia and Cambodia.


  2. #2

    Default Re: PML - Parmelia Resources

    On January 9th, 2014, Sentosa Mining Limited (SEO) changed its name and ASX code to Parmelia Resources Limited (PML).

  3. #3
    Gong Xi Fa Cai hangseng's Avatar
    Join Date
    Mar 2007

    Default Re: PML - Parmelia Resources

    One to watch IMO. I have taken a small speculative position but dependent on any advancement in the next phase of testing may be convinced to take a larger position. Not an SIR, however has the potential to be so on the back of any significant find and the location is seemingly in the right place. Previous projects focused on gold, this focus is firmly on nickel.

    Resurrected with a new and clearly enthusiastic, dare I say seemingly competent board. They were definitely clever and strategic in regard the recent CR. The CR went ahead oversubscribed and at a premium to the SP at the time. MKt cap of around $3.2m and only around 66m shares on issue and very tightly held, mostly in the T20.

    The article below about the Dunnsville prospect, however it was the Jaurdi Hills Project that initially drew my attention.

    "A systematic review by Parmelia of historical exploration data has highlighted the Dunnsville nickel prospect, located in the north-east of the property, to be of considerable interest."



    "Parmelia Resources (ASX:PML) has nickel-sulphide exploration potential at the Dunnsville prospect, located within the Jaurdi Hills Project 50 kilometres north-west of Coolgardie in Western Australia.

    Reinterpretation of legacy GEOTEM airborne EM data has identified a significant conductor co-incident with the Southern High Priority Target.

    Adding interest, highly anomalous historical soil samples with peak nickel (1260ppm), copper (315ppm) and cobalt (150ppm) results from Southern Target are located almost exactly up-dip of the centre of the conductor.

    The company's next step at Jaurdi Hills is to carry out a high-power, deep-penetrating, orientation moving-loop EM survey over the Southern Target conductivity anomaly in order to verify whether its source is bedrock or regolith.

    If the ground EM detects bedrock conductors at the Southern and Northern targets then they will be drill-tested by carefully considered RC or RC pre-collar/diamond tail holes depending on depth to target.

    Parmelia is now heading to market with a capital raising. The ASX has granted the company a trading halt, with its shares placed in pre-open"
    "There is a crack in everything... it's how the light get's in"
    Leonard Cohen

  4. #4

    Default Re: VRI - Veriluma Limited

    On September 23rd, 2016, Parmelia Resources Limited (PML) changed its name and ASX code to Veriluma Limited (VRI).

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