Please find below a link to a Boardroom Radio Broadcast by our Chairman and Managing Director ? Dr. Garry Lowder which focuses on:
a) the new financing agreement has been reached with the Company?s largest shareholder, Nanyang Mining Resources Investment Pty. Limited (?Nanyang?). Under the new arrangements (announced to the ASX on 13 April 2010), Nanyang will provide $4 million in new funding by way of two convertible notes, one to the value of $1 million and the other to the value of $3 million, with the second of these being subject to the approval of Malachite?s shareholders. The new funds will be applied first to reactivation of drilling at Conrad, where the focus will be on the attractive silver-copper-tin mineralisation intersected towards the end of the last drilling program; and
b) Recent activities referred to in our Quarterly Activities Report released to the ASX on 27 April 2010.
http://www.brr.com.au/event/65538
Regards
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
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.