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Admiralty Resources NL is a diversified mining company with mineral interests in Australia and Chile and trades on the Australian Securities Exchange under the code ADY.
About Admiralty in Chile. Admiralty's main project is the Admiralty Minerals Chile Pty Ltd Agencia en Chile, holder of three magnetite iron ore districts: Harper South, Pampa Tololo and Cojin. The districts are located in prime locations in the Region III of Chile, have close and easy access to the Panamerican Highway (a major route), a railway line and operating shipping ports and are fully owned by Admiralty.
- The Harper South district is the most advanced district in respect to exploration and to date 6 targets have been confirmed: Mariposa, La Chulula and Soberana (targets where work is currently being undertaken), Negrita, La Vaca and Mal Pelo (future working targets).
- The Pampa Tololo district , with 3 targets: Cochrane, O’Brien and Simpson. A reverse circulation drilling campaign is scheduled to take place in Simpson in July 2012, with a resource statement expected in early 2013.
- The Cojin district. It is the least advanced of the Admiralty’s projects in Chile. A high resolution ground magnetic survey carried out in 2012 identified 5 targets in total with 3 of them showing great depth and high susceptibility.
About Admiralty in Australia. Admiralty's projects in Australia are the fully owned Bulman Project, a lead and zinc oxide deposit located in the Northern Territory of Australia and the Pyke Hill Project, a cobalt and nickel project in WA whose mining lease is 50% owned by Admiralty. |
