MALACHITE
RESOURCES NL (MAR) provides the opportunity to listen to an audio
broadcast with Dr Garry Lowder, MD in a
presentation titled "MAR ? Exploration Update".
To listen, simply click on
the link below:
http://www.brr.com.au/event/55340
The presentation
details are as follows:
- MAR ? Exploration Update
- Presented by Dr Garry Lowder, Chairman and Managing Director
- Tuesday 17 February
2009 3.00PM AEST
For further information please visit the Company?s website: www.malachite.com.au
or contact: Garry Lowder, Managing Director
at (02) 9411 6033 or 0417 212 099,
or by email at: glowder@malachite.com.au
ABOUT MALACHITE ? Malachite
Resources is a Sydney-based resources company that listed on the ASX in
November 2002 and is an active explorer for silver, tin, gold, copper and
associated base metals in eastern Australia. At the beginning of January,
2009 the Company had approximately $1.5 million in cash and no debt. The Company?s key assets are:
The CONRAD SILVER PROJECT, which is located
25km south of Inverell, in northern NSW, where the
Company is evaluating the scope to reopen the old Conrad Silver Mine near
Inverell. Conrad has had two previous periods
of production but has not operated for over 50 years. Drilling at Conrad
by Malachite has intersected narrow high grade, massive sulphide, silver-rich
base metal veins, like those mined in the past, and wide zones of lower grade,
disseminated and stockwork veined, polymetallic mineralisation. At current prices,
silver represents 50% of total recoverable metal value in the Conrad ore and
tin accounts for about 25% of the value. The currently defined mineral
resource at Conrad contains approximately 10Moz of silver, or 19Moz of silver
equivalent. This resource remains open along strike and at depth.
The Company is now seeking a joint venture partner to fund the project through
to feasibility and a development decision.
Malachite also has excellent exposure to tin, through
its ELSMORE Project, located 20km east of Inverell, where the Company is
considering the possible development of a paleo-alluvial tin deposit, known as
the Karaula Lead, at the Newstead Prospect. The Karaula Lead
appears to have the potential to support a small surface mining operation,
which could be developed with low capital and operating costs and generate
useful cash flow for the Company. Work is now underway to better quantify
the Karaula Lead deposit and assess its economics.
Encouraging tin results have also recently emerged
from the Company?s DELUNGRA Project, located west of Inverell.
The VOLGA COPPER PROJECT, located in northwest
Queensland, east and northeast of Mt Isa, where the Company is exploring for
copper-gold at the Mt Lidster and Volga
Elderberry properties. Previous drilling at Mt Lidster
and Volga has produced some encouraging high grade copper intersections.
The
TOOLOOM GOLD PROJECT also in northeast NSW. Tooloom
is a forgotten goldfield rediscovered by Malachite where numerous prospects
have been identified, including a significant green fields discovery called Phoenix.
The company is systematically exploring Phoenix and the other prospects at Tooloom, which are intrusion-related and have major ore
potential.
Andrew J. Cooke
Company Secretary
Malachite Resources Limited
Tel:
+61 2 9411 6033
Fax:
+61 2 9411 6066
Mob:
0412 090 826
Email:
acooke@malachite.com.au
Website: www.malachite.com.au