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  1. #1
    Stop_the_clock's Avatar
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    Apr 2006

    Post WRK - Warwick Resources

    Warwick Resources is based in Perth, Western Australia and is actively engaged in exploring and developing mineral properties in that state.

    The Company has agreed to acquire a portfolio of highly prospective exploration projects near Newman in the Pilbara region of Western Australia.

    The Company is focused on developing five projects covering gold, base metals, uranium and chromite. Two of the projects have been subject to historical mining activities. SRK Consulting has reported that Warwick's project areas have the potential for very large, medium to low grade deposits with potential for the discovery of further mineralisation.

    The Pilbara is host to world class iron ore mines and is now emerging as a significant base metals and gold province. The Pilbara region is host to the Telfer gold mine, the Nifty copper mine and other commercial base metal operations including Whim Creek (Straits Resources Limited), Radio Hill and Whundo (Fox Resources Limited) and the planned Sulphur Springs operation (CBH Resources Limited). The Company's projects are located next to BHP Billiton's Jimblebar iron ore mine and Consolidated Minerals' Coobina chromite mine. Warwick Resources intends to capitalise on developing its projects in this under explored and emerging geological region.

    An active drilling campaign will be managed by the Company through its relationship with Peak Drilling who will provide the Company with access to drill rigs to conduct the exploration program.

    Listed today at 21.5 cents.

    Small amount of shares on issue: 23 million

    $4.5 million raised in recent IPO

  2. #2

    Default Re: WRK - Warwick Resources


    • Significant precious metal credits and high copper grades confirmed by recent rock chip sampling along Copper Range

    - Copper Knob: ten samples over 300m strike length average 3.0% Cu, 0.33g/t Au, 2.2g/t Ag

    - Copper Knob East: 11.8g/t Au, 13g/t Ag from stratiform magnetite lens

    - Copper Hill: values to 8.3% Cu, 0.54g/t Au, 41.5g/t Ag, 0.02% Mo

    • New mineralised copper zone discovered at Copper Hill

    • Historical airborne radiometric uranium data is being collated on Woggaginna base metalsuranium project

    • Peak Drilling to commence first phase program in late February

  3. #3

    Default Re: WRK - Warwick Resources

    Good signs for Warwick Resources amid debut

    February 13, 2007

    MINERALS explorer Warwick Resources has unveiled encouraging explorations results and says it will start its drilling program this month, after making its Australian share market debut today.
    The company has made several discoveries at its two tenements in the Pilbara, West Australia, reporting precious metal credits and high copper grades.

    "Although it's early days, the discovery of significant precious metal credits within the Copper Range system represents a major opportunity for Warwick to enhance the value of this large project," Warwick Resources chairman Jack Griffin said.

    "We are focused on following this up with a reverse-cycle drilling campaign this month and expect to release results in the March 2007 quarter."

    Earlier today Warwick made its debut on the local bourse, at 21.5c, a 7.5 per cent premium to its offer price of 20c.

    But after hitting a high of 24.5c, Warwick eased to close steady at 20c.

    Warwick's projects comprise two tenement blocks, which have a combined area in excess of 600 square kilometres.

    The northern block has gold, copper and chromite projects and the southern block has two nickel sulfide projects and a base metals/uranium project.

    Warwick's partner, Peak Drilling, will provide drill rigs for the exploration program.


  4. #4

    Default Re: WRK - Warwick Resources

    Sylvania Resources Ltd (ASX code: SLV) has concluded the sale of its
    interests in its Australian tenements.

    The consideration received for the sale is 1.5 million 20c
    shares in the recently listed Warwick Resources Ltd (ASX code: WRK) plus $55,000 in cash.

    Based on the mid-price of Warwick shares as at close of business
    yesterday, total consideration amounted $355,000.

    Sylvania has entered a restriction agreement such that the
    Warwick shares granted to Sylvania will not be tradeable on ASX, or
    otherwise transferable, for a period of 12 months from date of issue.

    The sale was completed pursuant to the option agreement with Mr
    Warwick John Flint for the sale of Sylvania's interest in its Australian
    tenements at Jimblebar and Copper Knob dated August 16 2004 and as
    extended on August 16 2006.

  5. #5

    Default Re: WRK - Warwick Resources

    Nice bullish candle on the chart, hopefully it repeats itself again on Monday and pushes past the 24 cent barrier
    Attached Images

  6. #6

    Default Re: WRK - Warwick Resources

    Warwick identifies 16 uranium targets at Woggaginna

    Warwick Resources (ASX:WRK) has identified 16 uranium anomalies on its
    Woggaginna base metals/uranium project, near Newman in Western Australia.

    Additional processing of radiometric survey data from an airborne
    radiometric survey flown over this project in 2000 identified
    16 uranium anomalies which will be targeted for further exploration.

    The selected targets have been prioritised on the basis of the
    intensity of the uranium anomalies and divided into four categories:

    Six targets (J1-6) have been identified as discrete uranium
    anomalous zones associated with magnetic rocks;

    Five targets (U1-5) have been identified as discrete uranium
    anomalous zones without magnetic association;

    Two targets (R1 and R2) were identified as unusually highly
    radioactive in uranium, potassium and thorium, possibly sourced from a
    high level granitic intrusion;

    Three targets (T1-3) are highly anomalous thorium zones with
    lesser associated uranium.

    Warwick shares were up 4.5c to 26.5c

  7. #7

    Default Re: WRK - Warwick Resources

    Why has this not exploded yet...?

    We had YRR list yesterday and it exploded, are traders just investing in the name?

    What Yellow Rock, sounds better than Warwick?

    I might as well do what the girls do on Melbourne cup and bet on the colour of a jockey than doing any reseach.

    Mind you WRK drills next week for Uranium, when does YRR start drilling?

  8. #8

    Default Re: WRK - Warwick Resources

    Well the crash of late and the up-coming cyclone in the West seem to be having an impact on WRK.

    Drilling underway and results soon, should change market sentiment

  9. #9

    Default Re: WRK - Warwick Resources

    I am getting very lonley here....

    anyway I should add something of value to this thread or I will get a spanking

    Drilling starts early April and results are expected by late April. Drilling progam was delayed due to a cyclone.

    WRK are drilling for Uranium, Gold, Copper and Nickel

  10. #10

    Default Re: WRK - Warwick Resources

    Quote Originally Posted by Stop_the_clock
    I am getting very lonley here....
    Well, I hold. Unfortunately for me I bought at 0.26. I'm just trying to weather the storm and wait for the results.

  11. #11

    Default Re: WRK - Warwick Resources

    .23 has just been broken. Been waiting for this for some weeks now. Gap should be filled and hopefully a push back up to .25 can be made some time over the next few days/weeks

  12. #12

    Default Re: WRK - Warwick Resources

    This one is up over 16% today.

  13. #13

    Default Re: WRK - Warwick Resources

    This little Maiden is finding Blue sky in otherwise difficult conditions

    Bon Voyage and Gods speed
    "While we stop and think, we often miss our opportunity." Publilius Syrus, 1st century B.C.
    "I believe the future is only the past again, entered through another gate." Sir Arthur Wing Pinero 1893

  14. #14

    Default Re: WRK - Warwick Resources

    Has anyone been following Warwick?

    Sounds like the planned release of drilling results may be positive. The stock is currently in close.

    Also note that some options have been exercised.

    Buyers looking to pay more than the selling price too....

    Number Quantity Price
    1 15000 0.570
    1 10000 0.565
    2 20000 0.550
    1 3000 0.500
    1 1280 0.460
    1 50000 0.445
    2 55217 0.435
    1 30000 0.415
    5 97027 0.410
    1 80000 0.405

    Price Quantity Number
    0.500 4000 1
    0.550 3805 1
    0.560 7500 1
    0.570 30000 1
    0.620 8000 1
    0.650 3795 1
    0.690 10000 1

  15. #15

    Default Re: WRK - Warwick Resources

    Certainly have right from day one,came close to selling a couple of times
    glad i didn't.
    Now for the rewards.

  16. #16

    Default Re: WRK - Warwick Resources

    Few day ago found 3.9 million tonnes of NI which was not listed in IPO. Share price has taken massive dive though. YOu would have thought the opposite as the company has just more than doubled its market cap in 1 day.

  17. #17
    Snakey's Avatar
    Join Date
    Nov 2006
    Gold Coast
    Blog Entries

    Default Re: WRK - Warwick Resources

    good ann. for these guys today. some very nice drill results at shallow depth for iron ore in Pilbara and possibility for DSO operation market cap only 29 million at 44 cents. Comments any one? looks like this has slipped under the radar for the last month coming from 20 cents in four weeks

  18. #18

    Default Re: WRK - Warwick Resources

    Jimblebar Range

    Target commodity: iron ore

    * An area of iron enrichment approximately 1.8km long and from 50m to 200m wide developed over a steeply dipping sequence of banded iron formation.
    * Located just 8km from BHP Billiton's Jimblebar iron ore mine and railway line and 1km from the Jimblebar CID.
    * Broad, high grade, near surface intersections of iron ore mineralisation from first phase drilling, including 60m @ 60.5% Fe from 6m depth (WRKRC60), 58m @ 60.6% Fe from 10m depth (WRKRC68), 44m @ 61.3% Fe from 14m depth (WRKRC64) & 36m @ 61.3% Fe from 26m depth (WRKRC69).
    * Intense goethite-haematite enrichment of BIF units, extending from surface to vertical depths of approximately 70m.
    * Mineralisation remains open in several directions, principally along strike and to the east.
    * Levels of contaminants are low to moderate, indicating potential for direct shipping ore.
    * Resource drilling Q2 2008.
    400*200*25*5*$5/ton= 50m

    Only this project is above the market cap of WRK It is going to fly. Currently it is 56c per share.

  19. #19

    Default Re: WRK - Warwick Resources

    Quote Originally Posted by ta2693 View Post
    Jimblebar Range

    Only this project is above the market cap of WRK It is going to fly. Currently it is 56c per share.
    Hi there. Yes looks intriguing value doesn't it. It all depends on their JORC drilling. AGO has a stake in this company. so it must be promising.

  20. #20

    Default Re: WRK - Warwick Resources

    WRK. Here is some of my thinking about its value. I think it is very undervalued

    The WRK’s project located very close to world class Iron mine.
    Its project includes Iron, Gold, Chromite,Copper,Base Metals, Uranium,Nickel.
    All the project is close to rail.

    Jimblebar Range is an area of iron enrichment approximately 1.8km long and from 50m to 200m wide,
    developed over a steeply dipping sequence of banded iron formation. Initial drilling results intersected thick high
    grade near surface mineralisation, including 60m @ 60.5% Fe from 6m depth, 58m @ 60.6% Fe from 10m
    depth, 44m @ 61.3% Fe from 14m depth and 36m @ 61.3% Fe from 26m depth (see announcement dated 8
    April 2008).
    1800*125*25*5=28,125,000 ton DSO Value 140M at $5/ton

    Caramulla South has extensive surficial iron enrichment within an east-west striking strip of Marra Mamba
    Formation, up to 120m wide and 4km long, near the northern margin of the exploration licence. An initial drill
    traverse returned significant intersections, including: 21m @ 56.3% Fe from 15m depth and 11m @ 59.2% Fe from 9m depth

    4000*120*20*5=48mDSO value 240M at $5/ton

    Woggaginna has extensive areas of surficial iron enrichment, developed over banded iron formation confirmed
    by detailed mapping and sampling. Grades up to 63.0% Fe and low contaminants indicate DSO potential.
    “What is pleasing, besides the potential size and scale of the iron target at Woggaginna, is that we are developing a good understanding of this style of mineralisation. The iron enrichment is similar to themineralisation at Jimblebar Range where recent drilling confirmed high iron grades and demonstrated beddediron enrichment at depths of over 70 metres,” Mr McQuitty said.

    1mm=20m 1cm=200m
    The main area with 70.2m@57% result has 200m*40m*70m*5=2,800,000ton
    The area with 26.8m@59.7% 38.9m@56.9%,40.1m@60.7% has
    The area with 27.2m@61.9% 43.4m@57.7%
    200*40*20*5=800,000 ton
    Total DSO on figure 3 2.8m+2.5m+0.8m=6.1m value 30m at $5/ton

    Still have two area have not tested yet.
    From the map it looks has another 10m ton. Around 50m at $5/ton

    Ten Mile CID is a recently identified channel iron target over 3km in length and up to 400m wide, with potential for further mineralisation beneath shallow cover. Initial rock chip sampling returned grades up to 58.5% Fe.
    Grassroots Iron Targets – Areas of surficial iron enrichment, developed over banded iron formation, have been
    mapped at Nickel Hills. Multiple targets for channel iron mineralisation have been identified on the Company’s tenements.


    “The Company released an Inferred Resource of 3.9M tonnes @ 1.04%
    Nickel, and 0.04% Cobalt for the Waite Kauri North Nickel Laterite deposit.
    A decision on the future of the area within the Company’s tenement portfolio
    will be made in the future.” (RM research)

    “Warwick Resources has scheduled drilling to test the presence of multiple
    chromitite seams along a 700m strike length with indicated thicknesses of 2-
    3m from previous mapping by CSR Ltd. The Chromite is of a lower grade to
    that mined at Consolidated Minerals Ltd Coobina mine. The highest recorded
    rock chip samples from the tenements returned 31.6% Cr2O3.(RM research)

    Copper Range
    Target commodities: copper with zinc, silver, gold by-products
    Jimblebar Gold
    Target commodity: gold

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