TIDMIRR
RNS Number : 3133K
IronRidge Resources Limited
20 September 2016
20 September 2016
IronRidge Resources Limited
IronRidge 2016 Annual Report
The Board of IronRidge Resources Limited (AIM: IRR, the Company)
is pleased to advise all shareholders and interested investors of
the release of the Company's 2016 Annual Report. A full copy of the
report is available via the Company's website
(http://ironridgeresources.com.au/en/page/investor-centre/annual-reports/).
Those shareholders who have elected to receive their copy via
email or post will do so in the next few weeks, once the "post
production" version is available for distribution.
By order of the Board
Karl Schlobohm
Company Secretary
For any further information please contact:
IronRidge Resources Limited
Vincent Mascolo (Chief Tel: +61 7 3303
Executive Officer) 0610
Nicholas Mather (Executive Tel: +61 7 3303
Chairman) 0610
SP Angel Corporate Finance
LLP
Nominated Adviser and Tel: +44 (0)20
Broker 3470 0470
Jeff Keating
Yellow Jersey PR Limited
Dominic Barretto Tel: +44 (0)7768
Aidan Stanley 537 739
Notes to Editors:
IronRidge Resources is an AIM listed mineral exploration company
with frontier assets in both Australia and West Africa, with two
province scale projects in Gabon, and promising and advanced
titanium and bauxite projects in Queensland Australia. IronRidge's
corporate strategy is to create and sustain shareholder value
through the discovery of world-class and globally demanded
commodities.
Australia
Monogorilby is prospective for province scale titania and
bauxite, with an initial maiden resource of 54.9MT of bauxite.
Monogorilby located in central Queensland, within a short trucking
distance of the rail system leading north to the Port of Bundaberg.
It is also located within close proximity of the active Queensland
Rail network heading south towards the Port of Brisbane.
May Queen is located in Central Queensland, within its wholly
owned Monogorilby license package and is highly prospective for
gold, with drill ready targets defined. Historic drilling completed
during the 1980s intersected multiple high-grade gold intervals
including 2m @ 73.4 g/t Au (including 1m at 145g/t), 4m @ 38.8g/t
Au (at end of hole) and 3m @ 18.9g/t Au, over an approximate 100m
strike hosting numerous parallel vein systems, open to the
north-west and south-east.
Wholly owned Quaggy contains highly anomalous platinum,
palladium, nickel, cobalt and copper exploration targets and is
located in Central Queensland within a short trucking distance of
the dormant rail system to the Port of Bundaberg. It is also
located within close proximity of the active Queensland Rail
network heading south towards the Port of Brisbane.
Gabon
Tchibanga is located in south-western Gabon, in the Nyanga
Province, within 10-60km of the Atlantic coastline. This project
comprises two exploration licenses, Tchibanga and Tchibanga Nord,
which cover a combined area of 3,396km(2) and include over 90km of
prospective lithologies and the historic Mont Pele iron
occurrence.
Belinga Sud is Located in the north east of Gabon in the
Ogooue-Ivindo Province, approximately 400km east of the capital
city of Libreville. IRR's licence lies between the main Belinga
Iron Ore Deposit, believed to be one of the world's largest
untapped reserves of iron ore with an estimated 1bt of iron ore at
a grade >60% Fe, and the route of the Trans Gabonese railway,
which currently carries manganese ore and timber from Franceville
to the Port of Owendo in Libreville.
Chad
The Company entered into a conditional agreement with Tekton
Minerals Pte Ltd of Singapore concerning its portfolio covering
1,400km(2) of highly prospective gold and other mineral projects in
Chad, Central Africa. Under the terms of the agreement, IronRidge
will acquire an initial 58% of Tekton, including its projects and
team, to advance the Dorothe, Echbara and Am Ouchar licenses, which
host multiple, potentially nation-building gold projects. Initial
trenching results at Dorothe, including 14.12g/t Au over 4m,
34.1g/t over 2m and 63.2g/t over 1m, have defined significant gold
mineralised quartz veining over a confirmed 1km strike at an
average of 2m and up to 5m true width across multiple stacked vein
zones up to 200m wide with new hard-rock artisanal workings
potentially extending strike to >3km.
Ghana
The Company entered into a joint venture arrangement with Obotan
Minerals Limited and Merlink Resources Limited of Ghana, West
Africa, securing the first access rights to acquire the historical
Egyasimanku Hill spodumene rich lithium resource estimate to be in
the order of 1.48Mt at 1.67% Li(2) O. The portfolio covers some
238km(2) with a further identified 10km pegmatite swarmed veins,
tenure package is also highly prospective for tin, tantalum,
niobium and gold which occur as accessory minerals within the
pegmatites and host formations.
Ivory Coast
The Company entered into a joint venture arrangement with Enchi
ProCI SA of the Ivory Coast, West Africa, securing the first access
to highly prospective multiple untested pegmatite occurrences. The
project area covers some 400km(2) with further identified outcrops
some 25km apart along the interpreted trend. The project well
located within 75km of the capital Abidjan; excellent
infrastructure, logistics and services support for potential rapid
development.
Corporate
IronRidge made its AIM debut in February 2015, successfully
securing strategic alliances with three international companies;
Assore Limited of South Africa, Sumitomo Corporation of Japan and
DGR Global Limited of Australia. Assore is a high- grade iron,
chrome and manganese mining specialist. Sumitomo Corporation is a
global resources, mining marketing and trading conglomerate. DGR
Global is a project generation and exploration specialist.
The Board of Directors is represented by mining industry
professionals with a broad range of corporate, exploration,
production, contracting and capital markets experience. The Company
was admitted on 12 February 2015 (Ticker Code IRR) and currently
has 236,612,203 shares and 14,770,000 unlisted options on
issue.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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