AR1 - Arrowhead Resources - Aussie Stock Forums

Results 1 to 6 of 6
  1. #1

    Post AR1 - Arrowhead Resources

    Does anybody know if the BFS released is in-line, worse or better than the market expected?

    From the look of it is quiet impressive.

  2. #2

    Join Date
    Jan 2007
    Carpinteria, California

    Thumbs up Gippsland -- tantalum in Egypt

    GIP hasn't been mentioned on the forum since '04, so I think I can safely say it is not widely followed....looks interesting, with a very low sp....I am just starting my DD....this from their website...

    "Gippsland Limited is an Australian based international resource company listed on the Australian Stock Exchange and the London Stock Exchange's Alternative Investment Market (AIM) where it trades under the codes "GIP" (Shares) and "GIPO" (Options).
    Gippsland is managed by Directors who provide a complimentary blend of technical and commercial skills, and having a long history in the successful running of technically complex private and ASX listed companies.

    Because of the Directors' international experience, Gippsland focuses on world-scale projects which have been over-looked by major resource groups. Projects which have undergone detailed exploration and which have the potential to be brought into production quickly are a prime target for the Company. Gippsland's success in this area is due in part to the Company's philosophy of entering into equitable joint venture arrangements with overseas nationals.

    The Company's prime assets are the 40 million tonne Abu Dabbab and the 98 million tonne Nuweibi tantalum-tin projects located in the Central Eastern Desert of Egypt, adjacent to the western shore of the Red Sea. A bankable feasibility Study undertaken by Lycopodium Pty Ltd determined that the Abu Dabbab project has the potential to become a major tantalum supplier to the steadily expanding global tantalum industry. The Environmental Impact Assessment (EIA) undertaken to comply with World Bank standards was approved by the Egyptian Environmental Affairs Agency in October 2005. The company is presently negotiating Abu Dabbab project finance with a major international bank.

    The Company’s recent gold exploration of the Wadi Allaqi area located to the south-east of Aswan in Egypt has yielded highly encouraging results. Initial trench sampling has delineated high-grade gold mineralisation in places up to 50 metres wide and in excess of 250 metres long. The Company is preparing to drill a number of such targets which are expected to yield similar high gold values."

  3. #3

    Join Date
    Jan 2007
    Carpinteria, California

    Thumbs up Re: Gippsland -- tantalum in Egypt

    the cash flow report released yesterday seems to have encouraged some buying, as shares are up a nice pct. today....


    GIPPSLAND FPO (ASX:GIP.AX) Delayed quote data

    Last Trade: 0.135 AUD
    Trade Time: 9:13PM EST
    Change: 0.015 (+12.50%)
    Prev Close: 0.120
    Open: 0.125
    Bid: 0.130
    Ask: 0.135
    1y Target Est: N/A

    Day's Range: 0.125 - 0.135
    52wk Range: 0.075 - 0.190
    Volume: 335,000
    Avg Vol (3m): 74,360.3
    Market Cap: N/A
    P/E (ttm): N/A
    EPS (ttm): 0.000
    Div & Yield: N/A

  4. #4
    Make the drill work for YOU springhill's Avatar
    Join Date
    Jun 2007
    Mental Institution

    Default Re: GIP - Gippsland Limited

    June quarter activities report for GIP.

    • First cassiterite shipment despatched from Abu Dabbab Alluvial Project;
    • Concentrate sales contract signed with Malaysia Smelting Corporation Bhd;
    • 5,000 metre reconnaissance RC drill programme to test coincident VTEM and gravity anomalies in Eritrea has commenced.

    Project Debt Finance
    Discussions with major banks and sovereign funds located in the Middle East and North Africa region are ongoing.
    Project Environmental Approvals
    As reported previously, the updated Environmental Social Impact Assessment (‘ESIA’) has been submitted to the Shore Protection Agency and Ministry of Water and Irrigation for approval.
    Abu Dabbab Alluvial Project
    During the quarter, mining of the Wadi Quaria placer tin deposit continued and whilst the ramp up to full production has been slower than expected, the first product despatch from the mine site was completed on Thursday 28 June 2012.
    Also during the quarter, Gippsland’s 50% owned subsidiary, Tantalum Egypt JSC, entered into a contract with Malaysia Smelting Corporation Bhd for the sale of tin concentrates from the Abu Dabbab Alluvial Project.
    It is likely that the project will receive its first revenue from the June shipment in August, allowing for transit time and payment terms, which is four months later than initially expected, and therefore, the projected revenues used to evaluate the economics of the project, as previously disclosed, will be delayed by a similar period.

    Gippsland’s 100% owned subsidiary Adobha Resources (Eritrea) Pty Ltd holds the Adobha Exploration Licence covering 2,100 km2 and the Gerasi South Exploration Licence covering 100 km2 in the highly prospective Adobha region in the State of Eritrea.
    After successfully completing a programme of airborne geophysics followed-up with gravity surveys, geochemical surveys and geological mapping, the company identified a number of favourable targets for drill testing. The drilling programme, which was expected to have commenced in May, was initially delayed due to the Eritrean authorities changing the visa requirements for foreign drillers and technical workers entering the country, and further delayed when a drilling rig being mobilised to site was washed off a causeway by a flash flood. The Company is pleased to advise that there was no harm to Gippsland employees or contractors as a result of the incident, and there is no repair cost to Gippsland arising from the incident.
    A replacement drilling rig was contracted and on 6 July the Company announced that a drilling rig was being mobilised to the Adobha Project site to commence drilling the Versatile Time Domain Electro Magnetic system (‘VTEM’), gravity and geochemical targets. Despite some logistical difficulties caused by the start of the wet season the drilling commenced on the 13 July and is progressing well.
    "You have enemies? Good. That means that you've stood up for something, sometime in your life" - Winston Churchill

  5. #5

    Default Re: GIP - Gippsland Limited

    Tantalum price has risen sharply over the last year or so. This large deposit/project (Abu Dubbab) has 4 banks looking at backing the project and an onsite visit is happening now from which the company reports. Any views would be much appreciated

  6. #6

    Default Re: AR1 - Arrowhead Resources

    On October 20th, 2015, Gippsland Limited (GIP) changed its name and ASX code to Arrowhead Resources Limited (AR1).

Similar Threads

  1. UCL - UCL Resources
    By Joe Blow in forum Stocks Q-Z
    Replies: 38
    Last Post: 19th-January-2011, 12:04 PM
  2. AND - Andean Resources
    By guycharles in forum Stocks 0-H
    Replies: 112
    Last Post: 8th-September-2010, 01:20 PM
  3. HDR - Hardman Resources
    By Lucstar in forum Stocks 0-H
    Replies: 368
    Last Post: 22nd-October-2007, 02:02 PM
  4. WMR - WMC Resources
    By sam21poddy in forum Stocks Q-Z
    Replies: 27
    Last Post: 1st-June-2005, 11:42 AM
  5. TA - Learning Resources
    By GreatPig in forum Trading/Investing Resources
    Replies: 24
    Last Post: 27th-August-2004, 11:42 PM

Tags for this Thread


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
Aussie Stock Forums