Admiralty Resources NL (ASX: ADY) has released its Quarterly Reports for the period ended 31 March 2012.

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ADY Highlights for the quarter ended 31/3/2012

Chile. The multi-target exploration strategy progressed as follows:

Harper South district
Diamond drilling in Mariposa and La Chulula iron targets
A 3,000 metres Diamond drilling campaign was completed on 5 February 2012. The campaign is part of the detailed mine engineering study to produce 1 million tonnes of finished product out of the Mariposa target.
A 600 metres test hole was drilled in La Chulula following the positive high susceptibility magnetic results of the high resolution ground magnetic survey carried out in 2011.

Harper South district � All 6 targets
A high resolution ground magnetic survey consisting of 213 lines and covering 286.95 km was conducted in February. The areas covered are extensions to the same type of survey performed in September 2011.

Pampa Tololo district
Simpson, one the three identified targets within the Pampa Tololo district, has been selected as the maiden target to perform a 3,150 metres reverse circulation drilling programme, to commence in the current quarter (subject to equipment/contractor availability).

Australia
The interpretation results of an airborne electro-magnetic survey performed over EL 23814 in August 2011 delivered 3 main and 6 secondary exploration targets in the lead and zinc project in Bulman, Northern Territory.

Corporate
- Admiralty remained debt free and had $2,098,000 cash on hand at the end of the quarter (previous quarter: $3,211,000); and

- An 1-for-5 pro-rata non-renounceable rights offer (�Rights Offer�) at an issue price of $0.045 per share was announced on 21 March 2012. The Rights Offer will result in a maximum increase in issued capital of 121,303,793 shares to raise a maximum of $5,458,670.

Full versions of the Quarterly Activities Report and Quarterly CashFlow Report can be accessed by clicking on the following link http://www.ady.com.au/investor-content.php?id=33


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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$ 5.8 millions as of today (US$ 3.7 millions, € 3.5 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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Admiralty Resources NL

ADY =2D Quarterly Reports

ADY Highlights for the quarter ended 31/3/2012

Admiralty Resources NL