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Admiralty Resources NL

Published : March 21st, 2013

2013 Interim Financial Report

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Keywords :   Australia | Debt | Report | Silver |
Admiralty Resources NL (ASX: ADY) has released its Half Year Accounts for the period ended 31 December 2012.
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The 2013 Half Year Report provides an overview of Admiralty's main activities and its financial position for the period ended 31 December 2012.

2013 Interim Financial Report

for the half year ended 31 December 2012

Admiralty has been primarily engaged in the exploration and development activities of two of its Chilean districts: Harper South and Pampa Tololo.  The highlights of the period include, among others:

  • Total Mineral Resources trebled, increasing from 87.8 Mt at 23.3% Fe to 264.7 Mt at 24.5% Fe at a cut-off grade of 15% Fe. 
  • Mariposa�s mineral resources increased from 87.8 Mt at 23.3% Fe to 174.5 at 24.5% (cut-off grade of 15% Fe).
  • A maiden resource statement with an estimate tonnage of 90.2 Mt at 24.5% Fe (cut-off grade of 15% Fe) was released on Soberana.
  • 12,975m of reverse circulation drilling completed. A record in Admiralty�s history.
  • The drilling was distributed as follows: 7,952m at La Chulula (from mid June 2012 to mid January 2013, 684m at Soberana (mid July 2012), 3,253m at Simpson (August 2012) and 1,086m in Bulman (NT, Australia, September 2012).
  • Exploration expenditure more than doubled, amounting to $2.55M (31 December 2012: $0.92M)
  • Work on the Pre-Feasibility Study for Mariposa and the Scoping Study for Soberana continued during the period, with final reports expected in the next few weeks.
  • An Environmental Impact Declaration was submitted for Soberana in January 2013.                                                
  • Admiralty remained debt free and had $2,425,467 cash on hand at the end of the period (31 December 2011: $3,210,902).
The report can be accessed via the website by clicking here.

Yours faithfully,

Patrick Rossi
Company Secretar
y

Copyright � 2013 Admiralty Resources NL, All rights reserved.
You are receiving this email because you are either a shareholder of ADY and have provided your email address to receive correspondence or you have either subscribed through our website at www.ady.com.au

Our mailing address is:
Admiralty Resources NL
Level 16, 379 Collins Street
Melbourne, VIC 3184
Australia

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Admiralty Resources NL

PRODUCER
CODE : ADY.AX
ISIN : AU000000ADY7
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Admiralty Res. is a exploration company based in Australia.

Admiralty Res. produces iron in Chile, and holds various exploration projects in Australia.

Its main asset in production is SCM VALLENAR IRON in Chile and its main exploration properties are BULMAN and PYKE HILL in Australia.

Admiralty Res. is listed in Australia, in Germany and in United States of America. Its market capitalisation is AU$ 8.1 millions as of today (US$ 5.8 millions, € 5.1 millions).

Its stock quote reached its highest recent level on July 27, 2007 at AU$ 3.04, and its lowest recent point on April 03, 2020 at AU$ 0.00.

Admiralty Res. has 1 153 250 048 shares outstanding.

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Annual reports of Admiralty Resources NL
2008 Annual Report
2007 Annual report
Nominations of Admiralty Resources NL
6/18/2008Phillip Thomas reappointment ADY's MD
Financials of Admiralty Resources NL
3/21/20132013 Interim Financial Report
Corporate news of Admiralty Resources NL
11/1/2012ADY=3A Highlights of the Quarterly report for period ending ...
8/1/2012ADY=3A Highlights of the Quarterly report for period ending ...
6/29/2012ADY news
5/4/2012ADY news =2D Rights Offer Results
5/2/2012ADY =2D Quarterly Reports
6/10/2008JOINS ASX S&P 300 INDEX
6/6/2008ADY's ASX Rincon Update WITH ATTACHMENT
6/6/2008Rincon Update
3/6/2008 Demerger Update
2/20/2008Iron Ore Price Increase
12/10/2007ENVIRONMENTAL IMPACT STATEMENT APPROVED
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