Admiralty Resources NL

Published : August 01st, 2012

ADY=3A Highlights of the Quarterly report for period ending 30=2F6=2F2012

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Keywords :   Australia | Chile | Diamond | Iron | K Street | Lead | Recovery | Zinc |
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.
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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.
Rig at La Chulula - 2,748 m of RC drilling

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.


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Telephone: +61 3 9620 7144
Email: investors@ady.com.au
Website: http://www.ady.com.au
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Data and Statistics for these countries : Australia | Chile | All
Gold and Silver Prices for these countries : Australia | Chile | All

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$ 11.5 millions as of today (US$ 8.3 millions, € 7.3 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
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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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