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@norged, Metex wird erst richtig gut bei einem Goldkurs oberhalb von 300 und daher wird etwas Geduld erforderlich sein. Heute gab es folgende Meldung: Metex Resources Limited, together with its 50% equity partner in the Laverton Exploration Joint Venture ("LEJV") Delta Gold Limited are pleased to announce that the initial program of RC drilling at Whisper has been completed by the Granny Smith Joint Venture ("GSJV") (Placer 60% Delta Gold 40%). The program comprised 55 holes for 4,508m and had the principal objective of upgrading parts of the Whisper deposit to the status of a measured and indicated mineral resource. A secondary objective was to test for mineralisation below corrently defined pit shells. Better results returned external to current pit shells included 10m @ 11.26g/t from 60m in GWRC348, 13m @ 8.52g/t from 74m in GWRC349, 5m @ 6.23g/t from 76m in GWRC366, 5m @ 10.32g/t from 53m in GWRC367, 3m @ 10.78g/t from 117m in GWRC374 and 7m @ 3.41g/t from 72m in GWRC377. As previously advised the resources under review total 6.2 million tonnes @ 2.3g/t for approximately 463,000 ounces of gold at Innuendo, Whisper, Rumour and Garden Well. On the successful conclusion of the feasibility study the GSJV will have the right to mine and process ore in return for an escalating two stage royalty payable out of production to the LEJV. Additional oxide resources at Beasley Creek and Gladiator North (for 151,000 ounces) are not included in the current agreement. On the commencement of mining a two stage royalty will apply. The initial royalty rates apply to the first 75,000 ounces of gold produced, and depending on gold price, range between $28.75 and $60 per ounce. Once 75,000 ounces have been recovered the rates range between $43.80 and $75 per ounce. The lower rates apply for gold prices well less than the current spot prices, with the highest rate applying above $525. All figures are in Australian dollars. The current Australian dollar gold price is in excess of $530 per ounce. Using the agreed upon royalty rates it is anticipated that Metex`s share of cashflow from production will be approximately $3.0 to $3.5 million for each year of production at current gold prices. Subject to the successful conclusion of the feasibility study this cashflow could commence early 2002. ELKEDRA DIAMONDS NL The Company has previously announced a new exploration and corporate initiative for diamonds in the Northern Territory. This initiative began early in 2000 and has progressed to the stage where 6 of the 26 applications covering a substantial part of the Aljawarra cratonic nucleus (part of the highly prospective North Australian Craton) have passed all requirements and are awaiting grant. The Aljawarra Craton has geological, tectonic and magnetic features typical of diamond producing cratons, particularly the Siberian Craton that hosts some of the world`s largest and most lucrative kimberlite pipes. This stage of land acquisition and consolidation has occurred during a period of increasing interest in diamond exploration in northern Australia. This interest has in part been facilitated by high quality regional geophysical data being made available by the Northern Territory Geological Survey. Metex will be a substantial stakeholder in Elkedra, and is currently completing a $600,000 seed capital raising so as to commence field activities during the forthcoming dry season. This is being undertaken with the assistance of State One Equities Pty Ltd. It is anticipated that an IPO prospectus capital raising will be undertaken during the second half of 2001. Metex shareholders will receive a priority entitlement in any proposed raising. I Walker MANAGING DIRECTOR |
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| aus der Diskussion: | Metex |
| Autor (Datum des Eintrages): | 1Meyer (15.03.01 08:43:43) |
| Beitrag: | 2 von 66 (ID:3104448) |
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