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| About Us » Corporate Profile |
Corporate Profile |
| Admiralty Resources is a Public Company listed on the Australian Stock Exchange with diversified mineral interests in Australia, Chile and Argentina. |
The Company is involved in four main projects:
- The Rincon Salar, Argentina, lithium carbonate, lithium hydroxide, lithium chloride, and potash project;
- The Cia Minera Santa Barbara, Chile, iron ore joint venture, through its 60% interest therein;
- The Pyke Hill, Australia, nickel and cobalt joint venture, through its 50% interest therein; and
- The Bulman, Australia, zinc and lead project.
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- In February 2005, Admiralty Resources NL acquired a 49% interest in the Sociedad Contractual Minera Santa Barbara iron ore mines, located near Vallenar in Region 3. Admiralty Resources has since increased this equity to 60%.
- The tenements cover an area in excess of 7,421 hectares, including ten existing mines and one operational mine, Japonesa.
- Japonesa has a JORC measured and indicated resource of 89,000 million tonnes of iron ore with an iron content averaging 18%. The quantities in the Japonesita, Mirador and Mariposa mines are currently being determined.
- There are three stockpiles of 1 million tonnes of partly processed iron ore fines located at Japonesita and Mirador.
- Production is 66,000 tonnes per month of magnetite iron ore averaging 63.5% iron with 0.06% phosphorous, 4% silicon and 0.01% sulphur.
- Iron ore is currently shipped out of Caleta, Caldera in handymax ships. In the last quarter of 2008 we expect this to be panamax ships from Candelaria, and in late 2009 cape size ships from Punta Alcalde, 55km from the mine site.
- Cia Minera Santa Barbara (CMSB) was recently successful in acquiring a further 3,455 hectares of prospective iron ore tenements: Pampa Tololo, covering 1,856 hectares divided into 375 properties and Cerro Varilla, covering 1,599 hectares with 321 properties.These tenements are located within 30 kilometres of the existing tenements and CMSB has committed to spend US$147,000 over the next twelve months for further exploring these tenements.
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- World class lithium, potassium, magnesium rich brine resource located in the Salta Province of Northern Argentina.
- The tenements cover an area in excess of 250 square kilometers and are in close proximity to two of the largest producers of lithium and potassium in the world.
- Key resources are lithium carbonate, lithium chloride and lithium hydroxide, potassium chloride, sodium sulphate and magnesium.
- Pumping rates as high as 375,000 litres per hour achieved by the production wells with no noticeable effect on the water level of the Salar.
- Resource, due diligence and extraction methods for processing the brine have been finalised.
- Capital expenditure program for the development of the Rincon Salar has been established at US$105m.
- Major supplies of raw materials are located close by to produce calcium hydroxide and sodium carbonate.
- Current market purchase price of lithium carbonate has exceeded US$6,600 per tonne (April 2007).
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- Our 50% interest in Pyke Hill Resources Pty Ltd. partnership with Richore Pty Ltd. The partnership has provided Cougar Metals NL with an option agreement to further evaluate and if economic, mine the prospective Cobalt and Nickel deposit.
- Deposit is a high grade lateritic Nickel Cobalt ore.
- Cougar Metals NL have reached a separate agreement with Minara Resources who own the Murrin Murrin Nickel smelter close by.
- An inferred resource of 3.15 million tonnes at 1.15% Nickel and 0.07% Cobalt.
- Further drilling will be undertaken to take the inferred resource up to indicated or measured resource status.
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- Lead and Zinc laterite deposit located near Bulman Township in Northern Territory
- Four exploration licences and two mining licences.
- Deposit explored in the 1950's and 1960's and the resource estimated to be 930,000 tonnes of Lead and Zinc, ore grading between 8% and 15%.
- The two mining leases are located 3km from the township. Exploration licences cover 4 prospective areas of 250 sq kilometres.
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- Admiralty Resources have acquired a 10% interest in the Nilnav Orthopaedics Companies which offer a revolutionary, surgical technique and patented toolset for minimally invasive, "one cut" incision hip replacements.
- Key benefit of the system is simplicity and accuracy provided to the surgeon for implant of the hip cup and femoral stem in the leg of the patient.
- Nilnav has entered into a sales agency agreement with the Ellysian Group to globally commercialise this technology and technique.
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