EPA - Ephraim Resources - Aussie Stock Forums

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  1. #1

    Post EPA - Ephraim Resources

    WAG is a turnaround job being undertaken by Ascent Capital (who have also turned DYL, CUO, WMT, BLR etc.)

    Currently a very cheap play at 0.023

    Announcement this morning regarding their first move, into tin-tungsten in Tasmania.

    Speculative, but worth a look for those who like this type of thing.

    The prospectus can be found at www.ascentcapital.com.au

  2. #2

    Default Re: WAG - World Audio

    ascent group management with oil gas and uranium plays in Aus and Sth America..way over sold and should be a bright spot shortly

  3. #3

    Default Re: WAG - World Audio

    will have a name change announced shortly following the news of major Uranium/oil/gas projects in Aus and Sth America...then a listing into the mining sector from the industrial sector..another of the Ascent group

  4. #4

    Default Re: WAG - World Audio

    WAG has made a sudden jump of 42.86% on no announcement. Do anyone still follow this one?

    As per previous post, Petee mentioned about name change...but will that dramatically increase the SP?

    Anyone have any input?


  5. #5

    Default Re: WAG - World Audio

    Is anyone still watching this. It was up over 20% today making it up over 50% in the last few weeks. Any opinions?
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  6. #6
    Trying not to become toast. mickqld's Avatar
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    Jan 2007
    Gold Coast

    Default Re: WAG - World Audio

    Announcement out.

    9 July 2008
    Company Announcements Office
    ASX Limited By e-Lodgement
    Dear Sir/Madam
    �� WAG Limited (WAG or the Company) has entered into a second farm-in
    agreement with Beowulf Mining Plc (Beowulf) pursuant to which, subject to
    shareholder approval and certain other conditions, the Company has agreed to
    complete drilling, metallurgical testwork and a magnetic survey programme by
    April 2010 to earn a 50% interest in Beowulf’s Kallak Project.
    �� The Kallak Project consists of one Exploration Permit covering 500 hectares
    located in Northern Sweden, approximately 70km south east of Beowulf’s
    Ruoutevare Project. The Company announced on 5 June 2008 that it had entered
    into a conditional farm-in agreement with Beowulf to earn a 50% interest in the
    Ruoutevare Project.
    �� The Kallak Iron deposit was discovered by the Geological Survey of Sweden
    (SGU) in 1947-48. Based on exploration by SGU consisting of limited drilling and
    geophysical surveys, SGU estimated that Kallak has target iron mineralization
    ranging from 88Mt to 92Mt at a grade range of 35% – 42% Fe.
    �� Based upon the work carried out by SGU, the Company’s combined exploration
    target for the Ruoutevare and Kallak Projects is 208 – 215 Mt of mineralization
    with average grades of 35 – 42% Fe. The potential quantity and grades for both
    Ruoutevare and Kallak are conceptual in nature. There has been insufficient
    exploration to define a Mineral Resource under the JORC Code and it is
    uncertain if further exploration will result in the determination of a Mineral
    �� The two iron ore projects potentially represent an excellent opportunity to
    generate a commercially attractive iron ore resource proximate to the EU market.
    �� Further detail concerning the Kallak Project can be found on Beowulf’s website at

  7. #7

    Default Re: EPA - Ephraim Resources

    On February 13th, 2014, WAG Limited (WAG) changed its name and ASX code to Ephraim Resources Limited (EPA).

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