FACSIMILE TRANSMISSION
Traka Resources Limited
ABN: 63 103 323 173
ASX Shareholders Report
Enquiries regarding this announcement and company business may be directed to:
Patrick Verbeek
Managing Director
Ground Floor
43 Ventnor Avenue
West Perth 6005
Western Australia
Tel: (+61) 8 9322 1655
Fax: (+61) 8 9322 9144 www.trakaresources.com.au
Investor Enquiries:
[email protected]
ASX Code: "TKL"
24 August 2015
Company Announcements
ASX Limited
Level 10, 20 Bond Street
Sydney NSW 2000
Good progress on the Yallalong Antimony Project
The Company is pleased to announce that exploration activity is commencing on schedule this week following successful completion of a Heritage Clearance survey. A soil geochemical survey over several areas of high grade antimony rock-chip sampling is now underway so that drill hole collar positions can be optimized to test quartz veined and shear hosted mineralisation (Figure 1). This program is expected to take up to 8 weeks including the receipt of assays. In anticipation of good ongoing progress, the Mines Department permit for drilling has already been lodged.
The Company is also pleased to announce that it will able to take advantage of a $150,000 grant under the Western Australian Exploration Incentive Scheme ("EIS"). The EIS grant can be applied to refund half of direct drilling costs incurred by Traka.
Figure 1. Aeromagnetic image showing location of the high grade rock-chip and soil samples at the Yallalong Antimony Project.
Level 1, 43 Ventnor Avenue, West Perth, Western Australia 6005
PO Box 601, West Perth, Western Australia, 6872
Tel: +61 8 9322 1655 Fax: +61 8 9322 9144