Malachite Resources NL

Published : May 28th, 2009

ASX Announcement - Placement Raises $312,140

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Keywords :   Australia | Copper | Gold | Lead | Silver | Silver Mine | Tin |

Malachite Resources NL (?MAR?) is pleased to announce that it has successfully raised $312,140 through a Placement of 5,202,335 ordinary fully paid shares at an issue price of 6 cents.

 

The funds raised provide additional working capital for ongoing work at each of the Company?s key assets.

 

 

ABOUT MALACHITE ? Malachite Resources is a Sydney-based resources company that listed on the ASX in November 2002 and is an active explorer for silver, tin, gold, copper and associated base metals in eastern Australia.  The Company?s key assets are:

 

The CONRAD SILVER PROJECT, which is located 25km south of Inverell, in northern NSW, where the Company is evaluating the scope to reopen the old Conrad Silver Mine near Inverell.  Conrad has had two previous periods of production but has not operated for over 50 years.  Drilling at Conrad by Malachite has intersected narrow high grade, massive sulphide, silver-rich base metal veins, like those mined in the past, and wide zones of lower grade, disseminated and stockwork veined, polymetallic mineralisation.  At current prices, silver represents 50% of total recoverable metal value in the Conrad ore and tin accounts for about 25% of the value.  The currently defined mineral resource at Conrad contains approximately 10Moz of silver, or 19Moz of silver equivalent.  This resource remains open along strike and at depth.  The Company is now seeking a joint venture partner to fund the project through to feasibility and a development decision.

 

Malachite also has excellent exposure to tin, through its ELSMORE Project, located 20km east of Inverell, where the Company is considering the possible development of a paleo-alluvial tin deposit, known as the Karaula Lead, at the Newstead Prospect.  The Karaula Lead appears to have the potential to support a small surface mining operation, which could be developed with low capital and operating costs and generate useful cash flow for the Company.  Work is now underway to better quantify the Karaula Lead deposit and assess its economics.

 

Encouraging tin results have also recently emerged from the Company?s DELUNGRA Project, located west of Inverell.

 

The TOOLOOM GOLD PROJECT also in northeast NSW.  Tooloom is a forgotten goldfield rediscovered by Malachite where numerous prospects have been identified, including a significant green fields discovery called Phoenix.  The company is systematically exploring Phoenix and the other prospects at Tooloom, which are intrusion-related and have major ore potential and is also seeking a joint venture partner in respect of this project.

 

Andrew J. Cooke

Company Secretary

Malachite Resources Limited

Tel: +61 2 9411 6033

Fax: +61 2 9411 6066

Mob: 0412 090 826

Email: acooke@malachite.com.au

Website: www.malachite.com.au

 

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Data and Statistics for these countries : Australia | All
Gold and Silver Prices for these countries : Australia | All

Malachite Resources NL

EXPLORATION STAGE
CODE : MAR.AX
ISIN : AU000000MAR2
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Malachite Res. is a tin and lead exploration company based in Australia.

Malachite Res. holds various exploration projects in Australia.

Its main exploration properties are ELSMORE, MT LIDSTER, RIVERTREE, TOOLOOM, VOLGA, ABINGTON, CONRAD SILVER and DELUNGRA in Australia.

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Corporate Presentations of Malachite Resources NL
5/28/2008Lonsec Research Report- Resources Update (includes on Malach...
Annual reports of Malachite Resources NL
2008 Annual report
Project news of Malachite Resources NL
2/18/2011(Conrad Silver)ASX Announcement - Conrad Silver Project Update
2/11/2011Acquisition of Lorena Gold Project Completed
2/28/2010(Conrad Silver)New Work Extends Silver Mineralisation at Conrad
2/25/2010(Tooloom)Boardroom Radio Interview - Dr. Garry Lowder: Encouraging Ne...
1/11/2010(Tooloom)Drilling at Tooloom Gold Project Resumes after Bushfi
12/10/2009(Tooloom)Drilling at Tooloom Suspended due to Bushfires
10/20/2009(Tooloom)Drilling commenced at Tooloom Gold Project
9/7/2009(Delungra)Drilling to commence at Delungra
11/18/2008(Conrad Silver)ASX Announcement - Conrad Silver Project - Update
8/11/2008(Conrad Silver)Major Resource Upgrade for the Conrad Silver Project
8/4/2008(Conrad Silver)Conrad Silver Project - New Drilling Results Continue to Bui...
5/9/2008(Conrad Silver)Conrad Silver Project - Good Results continue
4/2/2008(Elsmore)INTERVIEW WITH MANAGING DIRECTOR
4/1/2008(Elsmore)New Tin Discovery at Elsmore Project
1/16/2008(Conrad Silver)Exciting Regional Potential at Conrad Silver Project
11/5/2007(Conrad Silver) Estimate over 10Moz of Silver Equivalent
10/8/2007(Conrad Silver)Spectacular New Results at Conrad Silver Project
8/13/2007(Conrad Silver)Resource Drilling at King Conrad Extended
6/3/2007(Conrad Silver)Conrad Silver Drilling Report #3
4/27/2006Silver drilling at Conrad highly successful: exciting…
Corporate news of Malachite Resources NL
7/14/2016Quarterly Activities and Cashflow Reports - June 2016
5/25/2016Shareholder Approval - Convertible Notes
5/24/2016Response to ASX Appendix 5B Query
12/16/2015Assays received from Lady Mary Prospect
12/4/2015Change of Director's Interest Notice - Andrew McMillan
12/4/2015Change of Director's Interest Notice - Terry Cuthbertson
12/4/2015Change of Director's Interest Notice - James Dean
11/30/2015Results of Meeting - AGM
11/26/2015Drilling Completed at Lady Mary Prospect
11/2/2015Quarterly Activities and Cash Flow Report
10/29/2015Notice of Annual General Meeting/Proxy Form
10/19/2015Appendix 3B - Convertible Note Rollover Fee Shares
10/1/2015AGM to be held 30 November 2015
9/30/2015Full Year Statutory Accounts - Year Ended 30 June 2015
9/30/2015Project and Corporate Update
9/2/2015Revised Terms Agreed re Sale of Conrad Silver Project
7/31/2015Quarterly Activities and Cashflow Report - June 15 Qtr
7/15/2015Proceeding with the Development of Lorena Gold Project
4/27/2015Share Purchase Plan Closing Date Extended
4/16/2015Share Purchase Plan Letter and Application Form
3/31/2015Trading Halt
3/16/2015Half Yearly Report and Accounts
3/2/2015MAROA Options Expire 31 March 2015
1/30/2015Quarterly Activities and Cash Flow Report - Dec 14 Qtr
1/22/2015Malachite Reviewing Position at Lorena Gold Project
1/21/2015Lorena Gold Project Update
1/21/2015Reinstatement to Official Quotation
1/21/2015Suspension from Official Quotation
1/15/2015Trading Halt
12/3/2014Appendix 3B - AGM approved Shares and Convertible Note
12/1/2014AGM Presentation
11/2/2014Convertible Notes
3/4/2011ASX Announcement - Placement Completed Raising $517,500
7/19/2010Quarterly Activities Report
5/26/2010Results of Meeting and Exploration Update
5/18/2010From Successful Explorer to Emerging Miner
4/29/2010Boardroom Radio Broadcast
1/28/2010Quarterly Activities Report
12/8/2009Completes $300k Placement
10/20/2009Boardroom Radio interview with Dr. Garry Lowder
10/15/2009form strategic alliance with Chinese Investor Group
9/4/2009Share Purchase Plan successfully raises $933,295
7/6/2009Tin Mining Plans Boosted by Results of Dry Processing Test W...
5/28/2009ASX Announcement - Placement Raises $312,140
3/11/2009(Audio) Audio Broadcast - 1.30 pm Today
2/17/2009(Audio) Interview with Dr. Garry Lowder - Exploration Update...
12/18/2008Interview with Dr. Garry Lowder - Upgraded Resource at Conra...
11/28/2008ASX Announcement - Directors Options to be Amended - Exercis...
11/7/2008Interviews with Dr. Garry Lowder
11/5/2008Tin Strategy
9/22/2008AGM to be held Tuesday 25 November 2008
9/17/2008Interview with Dr. Garry Lowder
8/20/2008ASX Announcement - Exploration Update
8/3/2008Silver Lining From Commodity Resurgence
7/24/2008June 08 Quarter Activities Report
7/2/2008Finance News Network - Interview with Dr. Garry Lowder
5/30/2008Lonsec Resources Update - Malachite Resources NL
4/23/2008(Video) Finance News Network Interview
2/11/2008Malachite Resources NL: ASX Announcement - Exploration Updat...
1/21/2008Quarterly Activities Report
12/18/2007Volga Drilling Further Update
12/14/2007Placement Raises $5.7m
11/21/2007Chairman's Address to the Annual General Meeting
11/19/2007Volga Project Update
11/16/2007 Placement of up to 20m Shares
9/17/2007Robust Mining Project Emerging
5/1/2007Exploration Update on Conrad Silver, Tooloom Gold and ISA re...
3/28/2007Conrad Drilling Update
2/28/2007Corporate Insights Interview
4/20/2006quaterly report ending 31 march 2006
1/26/2006More gold at Phoenix: deeper drilling enhances mine potentia...
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