DRAGON MINING WKN 880207 ein SKANDINAVIEN GOLDKNALLER - 500 Beiträge pro Seite

[Goldreport]

Hallo Freunde,

anbei die NEWS die zu DRAGON MINING Ticker an der ASX in Asutralien DRA heute nur wenige Minuten (!) nach Börsenschluss veröffentlicht wurde. Nachbörslich ging bereits die POST ab und der Aktienkurs stieg auf 0,16 AUD. Die Chance in Frankfurt WKN 880207 noch einige STÜCKE abzugreifen !

ASX Announcement Dated 4 September, 2003
DRAGON MINING NL TO ACQUIRE
THE PRECIOUS METALS ASSETS OF OUTOKUMPU MINING OY

Dragon Mining NL ("Dragon") and Outokumpu Mining Oy ("Outokumpu") today signed a Heads of Agreement relating to the acquisition by Dragon of the precious metals assets of Outokumpu.

The acquisition properties consist of a number of advanced gold properties with drilled resources, the Vammala mill and flotation plant, the Orivesi mine and an extensive portfolio of gold and base metal exploration properties, primarily in Finland. Further detail is contained in the attached Appendix.

For Dragon this represents a major acquisition that has clear synergy with its current operations in Scandinavia (the Svartliden Gold Project), and offers the prospect of continued strong growth of shareholder value.

The broad terms of the Heads of Agreement allow for a 30-day ‘exclusive’ due diligence period that would culminate in the signing of a Sale and Purchase Agreement ("Agreement"), with a closing date set at 30 days after the signing of the Agreement.

The Heads of Agreement outlines the following consideration structure:

Dragon to pay Outokumpu €5.5 million in cash. Dragon is discussing the financing of this with Macquarie Bank Limited, financiers of Dragon`s Svartliden Project in Sweden;

Outokumpu to be issued with 30 million new ordinary Dragon shares;

Outokumpu to receive up to 10 million new ordinary Dragon shares within 6 months of the closing date.; and

Outokumpu to receive up to a further €1.5million cash in deferred and contingent payments relating to the financial and operating performance of the acquisition properties.

Dr James Searle (Dragon CEO and Executive Director) sees this major acquisition as, ``a unique opportunity for Dragon to become a substantial European focussed gold producer within a much shorter time scale than was previously envisaged. Dragon is looking forward to continuing exploration and development on these properties with the objective of bringing new mines into production as soon possible in concert with the development of its Svartliden Gold Mine in Sweden, which recently gained environmental approval."

The Investment Banking Group of Macquarie Bank Limited has acted as Dragon`s financial adviser for this acquisition.

Appendix 1: Synopsis of Major Properties to be Acquired.

As countenanced in the Heads of Agreement between Outokumpu and Dragon Mining a formal due diligence will be undertaken on all technical, legal and commercial aspects of the transaction. Summary information on the properties listed below is subject to that due diligence process, including the formal verification of resources data and categories of resources by independent consultants. Dragon Mining will issue a formal resource statement once the due diligence process is complete.

The properties to be acquired are as follows:

Pampalo Gold Project (Finland)

An advanced gold project in the Archaean Karelian Domain of the Fennoscandian Shield, with indicated and inferred resources of 0.9 million tonnes at 6.8g/t Au containing 205,000 ounces. The lodes systems have been accessed by a production capable decline to a depth of 272 metres below surface, and the mineralisation has not been closed out at depth and other lode positions along strike remain to be tested. Comparisons have been made between the structural setting of the known Pampalo mineralisation and the well-known gold deposits at Kalgoorlie in Western Australia and Timmins in Canada. Environmental permitting for a mine, flotation concentrator plant and related infrastructure (tailings dam, stockpiles etc) has been secured. The lode systems remain open at depth and other lodes on the property remain to be tested effectively.

Orivesi Gold Mine and Vammala Mill (Finland)

The Vammala mill is located 80 kilometres south west of the Orivesi mine in southern Finland. The mill consists of a 3 stage crushing circuit, a rod and ball mill and flotation circuit, with a nominal capacity of 600,000 tonnes per annum. Vammala is currently operational, processing the last ore from the main lode system in the Orivesi mine. Positive cash flows from the sale of concentrates will continue for several months after the transaction date and will accrue to Dragon.

The Orivesi mine is located 80 kilometres north east of the Vammala mill. The mine has been operating since 1994 and has produced 375,000 ounces from 1.5 million tonne of ore at a grade of 9.5 g/t Au. Production has been from a lode system that has been exploited from a decline extending down to 720 metres below surface. The lode system between the surface and the 720 metre level is now essentially exhausted and the mine will be reverting to a care and maintenance status. Underground drilling off an exploration drive at the 525 metre level has intersected what appears to be an analogous lode system 400 metres away. Encouraging high-grade intercepts have been obtained recently but drilling needs to continue to define resources sufficient to warrant re-activation of the mine.

Jokisivu Gold Project (Finland)

The Jokisivu Gold Project is located in southern Finland in the Proterozoic Svecofennian Domain of the Fennoscandian Shield. It is also located 40 kilometres south of the Vammala mill. Recent drilling on the property has been aimed at defining a resource of 200,000 to 300,000 ounces down to around 200 metres. The latest drilling program concluded at the end of August and final results have yet to be received and collated. A small high grade open cut resource of 150,000 tonnes at 7.8g/t Au containing 37,700 ounces down to depth of 60 metres has been previously calculated on one of the mineralised lenses. The scale and distribution of high-grade intercepts in multiple lodes indicates the Jokisivu system has the potential to host gold mineralisation that may ultimately be shown to exceed 500,000 ounces.

Kuusamo Gold-Cobalt (Finland)

The Kuusamo project is located 400 kilometres north of Pampalo in the Proterozoic portion of the Fennoscandian Shield. The project area contains over 20 known gold and gold-cobalt occurrences. The most significant of these are the Juomasuo deposit and the nearby Hangaslampi and Pohjasvaara deposits. Drilling has tested the mineralised structures to shallow depths only, and the current resource includes material down to depths of 60 to 120 metres from surface. Inferred resources defined to date are calculated to be 1.4 million tonnes at 4.1g/t Au containing 179,000 ounces. Further drilling of the known deposits and other targets on the property is expected to increase the Kuusamo resource base substantially.

Kylylahti Base Metal Project (Finland)

The Kylylahti Base Metal Project is located 24 kilometres from the town of Outokumpu in Eastern Finland. An inferred resource has been calculated by Outokumpu as follows:

- Semi-Massive Sulphide Zones

1.95 Mt @ 2.63% Cu; 0.39% Co; 0.76% Zn; 0.9% Ni; 0.9 g/t Au; and 20.6% S;

- Disseminated Zone

1.40 Mt @ 0.61% Cu; 0.18% Co; 0.39% Zn; 0.33% Ni; 0.9 g/t Au; and 8.9% S;

Kuhmo-Suomussalmi Gold Exploration (Finland)

The Kuhmo-Suomussalmi Archaean greenstone belt is one of the largest in the Baltic Shield, being over 200 kilometres long and 2 to 12 kilometres wide. Dragon will be acquiring a significant package of key claims covering a series of promising targets identified by preliminary exploration.

Central Lapland Gold Exploration (Finland)

Exploration on a series of claims and claim reservations in the Central Lapland area near the border with Sweden has identified a target area with analogous features to the nearby, >2 million ounce Suurikuusikko gold deposit. The region also has the potential for iron oxide copper gold style mineralisation

Lugo JV (Spain)

Outokumpu hold tenements, which cover an 18 kilometre long mineralised belt in northern Spain. Rio Narcea Goldmines Limited ("RNG"), a Toronto Stock Exchange listed company, is earning eventually up to 70% equity in the project through a three stage joint venture. A cash payment of 750,000 Euros is required if RNG wishes to proceed to stage 2 of the joint venture.

#1 Note: Dragon intends to issue a revised resource statement following the formal due diligence process when new drilling results are available and the resources have been reviewed in the context of the latest geological interpretations and development scenarios.

#2 Note: It is advised that in accordance with the Australian Stock Exchange Limited Listing Rules (5 10, 5 12 and 5 13) the technical information unless otherwise indicated, contained in this report is based on information compiled by Dr James Searle from information derived from Outokumpu Mining Oy and subject to the formal due diligence process now in progress. He fulfils the requirements of a ’qualified person’ and is a member of the Australasian Institute of Mining and Metallurgy and registered by the Svenska Gruvföreningens (Swedish Mining Association-Registration Number 24) as a ‘qualified person’. He is also an employee and Director of the company.

#3 Note : All statements in this report, other than statements of historical facts, that address future timings, activities, events and developments that the Company expects, are forward looking statements. Although Dragon Mining NL, its subsidiaries, officers and consultants believe the expectations expressed in such forward looking statements are based on reasonable expectations, investors are cautioned that such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward looking statements. Factors that could cause actual results to differ materially from forward looking statements include, amongst other things commodity prices, continued availability of capital and financing, timing and receipt of environmental and other regulatory approvals, and general economic, market or business conditions.


Strony BUY ! Mein Kursziel jetzt mindestens 0,25 AUD oder 0,15 EURO und mehr !

Beste Grüße,

DER GOLDREPORT

[G.Goldmann]

Hallo Goldreport,

da war ich also um 2 Minuten und 10 Sekunden schneller als Du -
mit meiner Nachricht "Europa -Zukunftsland für Goldexplorer°

..Hoffentlich meinen jetzt nicht einige, ich bin Dein Gehilfe beim pushen ..

Mit besten Grüssen - Gerhard Goldmann

[Goldreport]

Sorry,

hatte leider etwas länger gebraucht den vollständigen TEXT zu finden und entsprechend zu kopieren.

Ich denke mal bei der GESELLSCHAFT sollte wohl kaum jemand an reines PUSHEN denken ! Die Fundamentaldaten und der DEAL sprechen hier eindeutig für sich !

Beste Grüße.

DER GOLDREPORT

[G.Goldmann]

@Goldreport

Kein Einspruch meinerseits...

Gruss - Gerhard

[Culogrande1]

Das Zeug konnte man über 1 Jahr zu Preisen unter 6-7 cent abgreifen.

Wieso tat es von euch Verbalathleten niemand.

Aber besser als Tourni immer.

Bussi Culo...auf den Hintern