2,748m drilled at La Chulula, drawing closer to completion on pre-feasibility study for Mariposa and promising results from 240 tonnes "live" test in Soberana.

Is this email not displaying correctly?
View it in your browser.

Mariposa & Soberana

Significant progress was achieved in advancement towards production.

- Work continued on the Mariposa�s Pre-Feasibility Study, focussing on the resource model, recovery and plant design. A resource estimation is expected in August and a maiden reserve statement is scheduled for the September quarter.

- Work on Soberana�s early mine production study took shape, including a �real live� mining test, with commencement of a notional production of 5,000 tonnes of finished product per month planned by the end of the September quarter.

La Chulula

First phase of RC drilling completed: 2,748m in 30 days.

Drilling commenced at La Chulula on 1 June 2012, with the drilling distributed across ten holes with depths of hole between 250m and 350m.

The programme was designed with consideration of the results of both the high-resolution ground magnetic survey and the 600m test Diamond drilling hole sunk in February 2012.

The programme, which concluded on 11 July 2012, was performed by PerfoChile, a Chilean company well experienced in drilling for iron ore.

Complete magnetic picture

15 targets identified across the Harper South, Pampa Tololo and Cojin districts.

Results of the high-resolution ground magnetic surveys carried out in Harper South and the Cojin districts were received, allowing Admiralty to have a complete picture of the magnetic susceptibility of its three districts.

The surveys revealed a total of 15 targets and demonstrated the great potential for Admiralty, as only one of the targets, Mariposa, currently has a compliant JORC mineral resource.

Exploration in the 2nd half of 2012

La Chulula (iron, Harper South district, Chile): 10,000m of drilling in three phases and a reserve statement by the end of 2012;

Simpson (iron, Pampa Tololo district, Chile): 7,000m of drilling in two phases and a resource statement by the end of 2012; and

Bulman (lead and zinc, Bulman Project, Australia): geological mapping, ground electromagnetic survey and 1,000, of drilling at targets identified by the 2011 airborne survey.


Copyright � 2012, Admiralty Resources NL (ASX:ADY) All rights reserved. Our mailing address is: Level 16, 379 Collins Street, Melbourne, Victoria, 3000 Australia Telephone: +61 3 9620 7144 Email: investors@ady.com.au Website: http://www.ady.com.au	You are receiving this emai because you have either subscribed through www.ady.com.au or through Admiralty's share registry (Boardroom Pty Limited). Please click here to change your mailing preferences: \|

Admiralty Resources NL

	PRODUCER
	CODE : ADY.AX
	ISIN : AU000000ADY7

Follow and Invest

Add Alert	Add to Watchlists	Add to Portfolio	Add Note

Profile Market
Indicators VALUE :
Projects & res.Press
releases Annual
report RISK :
Asset profile Contact Cpy

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$ 5.2 millions, € 4.9 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.

Legends
	Production
	Mine development
	Discovery
	Exploration
	Past producer
On Google Earth, click on the button, to show property information, and access to project page or company page.