ABM Resources
www.abmresources.com.au/Profil
ABM Resources Ltd (ASX: ABU) brings a dynamic new approach to discovering Tier 1 Gold and Gold-Copper deposits in the Tanami-Arunta region of the Northern Territory. They are using an aggressive exploration strategy that uses technology based targeting combined with solid prospecting and fieldwork. The innovative ABM executive management have a diverse range of experience and have a proven record of world class discoveries. Their projects include the compelling Twin Bonanza Project – a cluster of high grade and bulk tonnage targets. These projects combined with their remaining world-class portfolio – the largest in Australia for junior gold exploration makes for a very compelling story with a high chance of significant discovery.
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Unternehmensstrategie und – daten:
OVERVIEW (OBJECTIVE AND VALUES)
Unlocking the potential of Australia’s final frontier by bringing a new approach to discover tier one, Gold and Gold-Copper deposits.
The guiding principles to which the Company's personnel strive to comply are:
* Performance (Strive to excel)
through expressing energy and initiative, working as a team, being accountable for all actions and always reaching for continuous improvement.
* Simplicity (Keep it simple)
through focusing on priorities, avoiding bureaucracy, communicating clearly and striving to being quickly understood.
* Leadership (Show the way)
through providing positive direction in a dynamic context, thinking strategically, being innovative and creative in a way that is inspiring to others.
* Commercial focus (Treat the company as if you owned it)
by being financially responsible, making ruthlessly objective decisions, staying fully informed, understanding the market and working always to create long term shareholder value.
* Integrity (Always doing the right thing)
through always acting with openness, honesty, authenticity and respect to all stakeholders including the global community. The company expresses its dignity through the dignity of its office bearers.
Aktuelle Tätigkeiten:
Twin Bonanza Porphyry Gold Project
Drilling is commencing Quarter 2, 2010 with one of our leading projects being the multi-prospect area - Twin Bonanza. The Twin Bonanza Project is located in the Tanami Region of the Northern Territory approximately 22 km south of the Tanami Road and 14 kilometres east of the Western Australia / Northern Territory Border. The project contains:
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Twin Bonanza and Old Pirate Location map |
The project is defined by a several prospects over a 5 km by 7km area.
Figure 1 |
The Twin Bonanza Anomaly. Underlying image is contoured combination geochemistry image with anomalous indices of Au-As-Bi. All RAB / AC and RC/Diamond holes locations shown. |
The Buccaneer Zone is a target ready for drilling to determine the full extent of the system. ABM is planning to drill this target, which is the only porphyry related gold system identified in the Tanami Region to date forming a target proxy for other un-explored areas, to resource definition stage.
The Buccaneer Zone received the most detailed work by Newmont where RC holes define a zone 1km by 400m with every one of 36 drill holes intersecting mineralisation and defining an overall foot print of 224,000 sqm (Figure 2).
Figure 2 |
The Buccaneer Zone schematic cross-section showing significant intercepts and RC holes > 130m. Shallow RAB/RC holes not shown. Labels stated as XX metres @ XX.Xg/t Gold. Cross-section is semi-schematic with holes projected up to 50m from either side of section line and staggered by up to 20metres for visualization purposes. Intercepts labelled in blue are for a 0.1g/t Au cut off, in red for 0.3g/t Au cut off and in purple for a 1g/t Au cut-off |
The Buccaneer Zone is open in several directions and represents approximately 15% of the overall Twin Bonanza anomaly. Most RC holes at Buccaneer end in mineralisation with grades generally increasing down hole with intercepts such as 138m @ 0.82g/t gold (at 0.1g/t cut-off) (ending in mineralisation) including higher grade:
- 67m @ 1.20 g/t gold (at 0.3g/t Au cut-off)
- 27m @ 1.70 g/t gold (at 1.0g/t Au cut-off)
-
105m @ 0.79g/t gold (at 0.1g/t Au cut-off) (ending in mineralisation) including higher grade intervals of:
- 83m @ 0.99g/t gold (at 0.3g/t Au cut-off)
- 5m @ 10.43g/t gold (at 1.0g/t Au cut-off)
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130m @ 1.33g/t gold (at 0.1g/t Au cut-off) including higher grade intervals of:
- 54m @ 2.74 g/t gold (at 0.3g/t cut-off)
-
2m @ 67.44 g/t gold (at 1.0g/t cut-off)
Old Pirate High Grade Gold Project
Figure 3 |
Old Pirate Southern Zone showing all RC hole locations. Average Depth of RC is 66m. Hole locations coloured for gram-metres which is g/t gold grade multiplied by interval width at 1.0 g/t cut-off. Shallow RAB and Vacuum holes not shown. Grid = MGA84 Zone 52.
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The project is located 1.5km southwest of the Twin Bonanza Porphyry Gold Project and contains multiple high grade gold veins up to several metres wide.
Significant drill intercepts from shallow drilling include:
-
52m @ 3.93g/t gold (0.3g/t cut-off) including
- 6m @ 26.69g/t gold (1.0 g/t cut-off)
-
50m @ 2.60g/t gold (0.3g/t cut-off) including
- 10m @ 11.86g/t gold (1.0g/t cut-off)
-
55m @ 1.38g/t gold (0.3g/t cut-off) including
- 5m @ 8.3g/t gold (1.0g/t cut-off)
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63 @ 1.08g/t gold (0.3g/t cut-off) including
- 14m @ 4.34g/t gold (1.0g/t cut-off)
- 11m @ 12.46g/t gold (1.0g/t cut-off)
The Southern Zone at Old Pirate is an area of detailed work where 75 RC holes (averaging 64m depth) define an area 400m by 100m; this represents less than 5% of the overall target zone. A total of 57 of these holes intersect mineralisation >1.0g/t gold with a maximum assay of 152.65g/t gold. The system is not, in general, tested below a downhole depth of 66m (~38m vertical on 60 degree inclined holes).
Figure 4 |
West-East Cross-Section at 7767850mN showing all drill holes (RC). Red bars and labels = >0.3g/t cut-off; and purple bars and labels >1.0g/t cut-off. |
Following a successful completion of the Newmont transaction, ABM aims to drill at Old Pirate in the second or third quarter of 2010. The initial aim is to adequately test beneath the Southern Zone to a depth of approximately 200m to 300m and to follow up extensions to the north throughout the entire 3km strike-length.
Management
Dr Mike Ethe
ridge
-
PhD, FTSE, FAIG, FAICD
Non-E
xecu
tive
Chairman
Dr Mike Etheridge is a geologist with over 35 years’ experience in exploration, mining, consulting and research.
Until 2004 he was Chairman of the consulting firm SRK Consulting (Australia), having co-founded its predecessor, Etheridge Henley Williams in 1990. Dr Etheridge is an Adjunct Professor at Macquarie University, where he led an industry collaborative research project into improving the management of risk and value in mineral exploration.
He is currently a Non-executive Director of Lihir Gold Ltd (ASX, POMSoX, NASDAQ, TSX), and has been an NED at Consolidated Minerals Ltd (ASX, AIM), Ariana Resources Ltd (AIM), Ballarat Goldfields NL (ASX) and Geoinformatics Exploration Inc (TSX-V), among others, during the last three years. He also chaired the boards of the Predictive Mineral Discovery Cooperative Research Centre and AuScope Ltd, two major government and industry-funded research bodies.
Mr Darren Holden
-
BSc Hons, MAusIMM
Managing Director
Mr Holden is a geologist with over 15 years experience in mining and exploration. He is a graduate of the University of Otago (NZ) and The University of Western Australia and is a Member of the Australasian Institute of Mining and Metallurgy.
Mr Holden has previously held the role of Senior Consultant at Fractal Geoscience and was involved in modeling and targeting on a wide range of deposit styles. Mr Holden was a leading member of the team that won the GoldCorp Challenge in 2001. Mr Holden also held the role of Chief Operating Officer of Geoinformatics Exploration Inc for the period of 2001 to 2009. Mr Holden was based in Vancouver and helped guide Geoinformatics through the GFC and into a merger with Rimfire Minerals Corp to form Kiska Metals Ltd. Under Mr Holden’s exploration tutelage Geoinformatics successfully delineated several new discoveries including a multimillion ounce gold-copper project in Alaska and other base and precious metal discoveries in British Columbia, Nevada and Mexico.
Mr Holden returned to Perth to take up the position of Managing Director at ABM Resources NL.
Dr Nicholas Archibald
-
BSc(Hons), PhD, FTSE, FAIG, FGSA, FSEG, FAusIMM(CP)
Non-Executive Director
Dr Archibald, a geologist, is best known for his work with the Australian and North American explorations industries. Dr Archibald and his team at Fractal Geoscience won the Goldcorp Challenge in 2001, a global internet-based competition aimed at identifying a further 6MOz of gold at Goldcorp’s Red Lake Mine in NW Ontario, Canada. The success with Goldcorp, now a CN$23 billion major global gold company, gave the team at Fractal Geoscience instant credibility in North America and led to the formation of Geoinformatics Exploration Inc, an exploration company that forged strategic alliances with mining majors across the globe, including Kennecott Exploration, a subsidiary of Rio Tinto, Anglo American, Goldfields and Goldcorp.
Dr Archibald’s appointment will bring to the Company highly successful intellectual property in exploration, corporate experience and a high-level global network within the mining and financing sector.
Mr I. Kins
-
BEc.MA
Executive Director
Mr Kins is currently part time Executive Director of ABM Resources NL. Mr Kins is an Economist with over 25 years experience specialising in the resource sector. He has a Bachelor of Economics from the University of WA and a Master of Arts (Futures studies) degree from the Curtin University of Technology.
Mr Kins has worked in the State Government (including industrial and resource development) and then mainly the private sector in regards to the resource sector.
Since 1987 he has mainly worked as a consultant to the resource sector undertaking projects with exploration and mining companies, investors and brokers. He was appointed the Managing Director of the Company in October 2005 and Executive Chairman in April 2007. As from 23 November 2009 he became a part time Executive Director. Mr Kins brings extensive resource sector based strategic planning, macroeconomic and corporate governance experience to the board.
Hauptaktionäre
40 Largest Shareholders – Ordinary Shares as at 29 January 2010
Name | Number of Ordinary Fully Paid Shares Held | % Held of Issued Ordinary Capital | |
1 | Tanami Expl. NL | 265,000,000 | 21.55 |
2 | Jemaya Pty Limited | 58,903,812 | 4.79 |
3 | Citicorp Nominees Pty Limited | 49,936,317 | 4.06 |
4 | Sun Hung Kai Investment Serv | 43,333,333 | 3.52 |
5 | Yuriy LTD | 33,000,000 | 2.68 |
6 | National NOM Ltd | 30,672,895 | 2.49 |
7 | Hsbc Custody Nom Aust | 23,292,699 | 1.89 |
8 | Valentino Nom PL | 19,000,000 | 1.55 |
9 | Rexfam Cons PL | 18,881,667 | 1.54 |
10 | Geocrust | 17,000,000 | 1.38 |
11 | Fotios, Michael Geoge | 16,399,389 | 1.33 |
12 | Radford Emma | 15,863,397 | 1.29 |
13 | Kins, Imants | 15,570,000 | 1.27 |
14 | CS Fourth Nominee PL | 12,500,000 | 1.02 |
15 | King, Timothy John | 12,366,241 | 1.01 |
16 | Jemaya Pty Limited | 12,100,000 | 0.98 |
17 | Credit Suisse Equities | 10,000,000 | 0.81 |
18 | Chong David Kuoh Hou | 10,000,000 | 0.81 |
19 | Lawrence Chris Paul | 8,750,000 | 0.71 |
20 | Heydon, Peter | 8,400,000 | 0.68 |
21 | Perth Select Seafoods Pty Limited | 8,000,000 | 0.65 |
22 | Chaleyer HLDGS PL | 8,000,000 | 0.65 |
23 | Tarney HLDGS PL | 7,953,333 | 0.65 |
24 | Rexfam Trading PL | 7,726,554 | 0.63 |
25 | Filmrim PL | 7,500,000 | 0.61 |
26 | Caldwall MGNT AG | 7,448,000 | 0.61 |
27 | Apache INV LTD | 6,666,667 | 0.54 |
28 | Featherby Nathan John | 6,289,795 | 0.51 |
29 | Deauville INV PL | 6,000,000 | 0.49 |
30 | Notegrin PL | 6,000,000 | 0.49 |
31 | Coultas Donald Norman | 6,000,000 | 0.49 |
32 | Maier Wolfgang | 5,894,961 | 0.48 |
33 | Nucifora Leonardo + R | 5,570,000 | 0.45 |
34 | Zimmermann Jutta | 5,308,398 | 0.43 |
35 | Acumen Eng PL | 5,260,578 | 0.43 |
36 | Hepburn Iain M +R F | 5,100,000 | 0.41 |
37 | Fleming William + C | 5,000,000 | 0.41 |
38 | Cressing PL | 5,000,000 | 0.41 |
39 | Carton PL | 5,000,000 | 0.41 |
40 | Palmer Ian G + D A | 5,000,000 | 0.41 |
Top 40 Total
|
805,688,036 | 65.52% |
Kontakt
Registered/Principle Office
Level 1, 141 Broadway
Nedlands, WA, 6009
Telephone: +61 8 9423 9777
Fax : +61 8 9423 9733
Postal Address
Level 1, 141 Broadway
Nedlands, WA, 6009
Directors
Dr Mike Etheridge
Mr Darren Holden
Dr Nick Archibald
Mr Imants Kins
Secretary ICFO
Ms Jutta Zimmermann
Unternehmensinformationen
Bankers
Commonwealth Bank of Australia
Head Office
150 St Georges Terrace
Perth WA 6000
Share Registry
Security Transfer Registrars Pty Ltd
770 Canning Highway
Applecross WA 6153
Telephone: +61 8 9315 2333
Solicitors
Steinepreis Paganin
Level 4, Next Building
16 Milligan Street
Perth WA 6000
Stock Exchange
Australian Stock Exchange Limited
Code: ABU
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