(MENAFN- ABN Newswire)
Intermin Resources Limited (ASX:IRC) provides the Company's Gold Coast Investment Showcase Presentation.
Asset overview
- High quality gold assets in the heart of the WA goldfields
- 100% ownership of 890km2on Bardoc, Abattoir, Ida and Zuleika shear zones -590km2acquired in last 18 months
- Walk up drill targets for new discovery exploration
- Existing JORC 2012 Resource of 434,000oz grading 2.12g/t (see Note 1 below)
- Comprehensive regional geological database
- Assets close to existing third party milling infrastructure
- Strategic joint ventures in place at no cost to Intermin covering 350km2in WA and a world-class vanadium resource in Queensland (1,500km2)
Company overview
- High quality landholding in the Goldfields of Western Australia
- Strong leadership with extensive mining, exploration and corporate management experience
- Generating near-term cash by developing gold projects via third party infrastructure
- Cash and tradeable securities of $11.1M and no debt (see Note 2 below)
- Building a long term gold production profile
- Fully funded 55,000m resource growth and new discovery drill program for 2018 well underway
- Pursuing regional consolidation opportunities of high potential exploration and development assets
- Joint ventures for multi-commodity non-core projects across several regions with quality partners
"Growth strategy centered on discovery and resource expansion through self funded exploration."
Notes:
1. As announced to the ASX on 13 March 2018, see also JORC Table, Notes and Competent Persons Statement on Slide 2 in link below
2. As at 31 March 2018, as announced to the ASX on 30 April 2018
To view the full presentation, please visit:
http://abnnewswire.net/lnk/OLVNLSKI
Jon Price MSc (Mineral Economics) MAusIMM, MAICDManaging DirectorT: +61-8-9386-9534F: +61-8-9389-1597E: : www.intermin.com.au
MENAFN1906201801110000ID1097040147
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.