Breakaway Resources

Published : September 09th, 2008

Eloise Copper Mine Production Ramp-Up Positions Operation for Future Growth and Profitability

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Eloise to take full advantage of current favourable market conditions.+ADw-/span+AD4APA-/b+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4- +ADw-/span+AD4APA-b+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:11.0pt+ADs-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/b+AD4APA-/li+AD4- +ADw-/ul+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- margin-left:18.0pt+ADs-text-align:justify'+AD4APA-b+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size: 11.0pt+ADs-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-ul type+AD0-disc+AD4- +ADw-li class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify+ADs-mso-list:l4 level1 lfo3+ADs-tab-stops:list 36.0pt'+AD4APA-b+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:11.0pt+ADs-font-family:Georgia+ADs-mso-ansi-language: EN-GB'+AD4-First steps underway towards +ACQ-3.0M expansion of Eloise processing plant to 740,000tpa.+ADw-/span+AD4APA-/b+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language: EN-GB'+AD4- +ADw-/span+AD4APA-b+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:11.0pt+ADs-font-family: Georgia+ADs-mso-ansi-language:EN-GB'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/b+AD4APA-/li+AD4- +ADw-/ul+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- margin-left:18.0pt+ADs-text-align:justify'+AD4APA-b+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size: 11.0pt+ADs-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-ul type+AD0-disc+AD4- +ADw-li class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify+ADs-mso-list:l1 level1 lfo4+ADs-tab-stops:list 36.0pt'+AD4APA-b+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:11.0pt+ADs-font-family:Georgia+ADs-mso-ansi-language: EN-GB'+AD4-Increased Mineral Resource and +ADw-u1:place u2:st+AD0AIg-on+ACIAPgA8-u1:State u2:st+AD0AIg-on+ACIAPg-Ore+ADw-/u1:State+AD4APA-/u1:place+AD4- Reserve provides a 4 to 5 year mine life.+ADw-/span+AD4APA-/b+AD4-+ADw-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4- +ADw-/span+AD4APA-b+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:11.0pt+ADs-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/b+AD4APA-/li+AD4- +ADw-/ul+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- margin-left:18.0pt+ADs-text-align:justify'+AD4APA-b+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size: 11.0pt+ADs-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-ul type+AD0-disc+AD4- +ADw-li class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify+ADs-mso-list:l3 level1 lfo5+ADs-tab-stops:list 36.0pt'+AD4APA-b+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:11.0pt+ADs-font-family:Georgia+ADs-mso-ansi-language: EN-GB'+AD4-Improvements support Breakaway?s base case estimate of +ACQ-40M for future accumulated earnings under its 30+ACU- net profit interest in the operation.+ADw-/span+AD4APA-/b+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4- +ADw-/span+AD4APA-b+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:11.0pt+ADs-font-family:Georgia+ADs-mso-ansi-language: EN-GB'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/b+AD4APA-/li+AD4- +ADw-/ul+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-b+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:11.0pt+ADs-font-family: Georgia+ADs-mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-b+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:11.0pt+ADs-font-family: Georgia+ADs-mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-div style+AD0-'border:none+ADs-border-top:solid windowtext 1.0pt+ADs-padding:1.0pt 0cm 0cm 0cm'+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:8.0pt+ADs-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:8.0pt+ADs-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-/div+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'margin-top:0cm+ADs-margin-right:5.65pt+ADs-margin-bottom: 0cm+ADs-margin-left:5.65pt+ADs-margin-bottom:.0001pt+ADs-text-align:justify+ADs-line-height: 14.0pt'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs-mso-ansi-language: EN-GB'+AD4-Further to its announcement of 31 July 2008, Breakaway Resources Limited (ASX:+ACY-nbsp+ADsAPA-b+AD4-BRW +ADw-/b+AD4-? ?Breakaway?) is pleased to advise that the +ADw-b+AD4-ore production ramp-up at the Eloise Copper Mine (+ADw-/b+AD4-Mt Isa Block, North+ACY-nbsp+ADs-Queensland) has +ADw-b+AD4-consistently exceeded the nameplate capacity of 50,000 tonnes per month+ADw-/b+AD4- (600,000tpa) for the past three months, since the completion of the 2007-08 capital development programme. +ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'margin-top:0cm+ADs-margin-right:5.65pt+ADs-margin-bottom: 0cm+ADs-margin-left:5.65pt+ADs-margin-bottom:.0001pt+ADs-text-align:justify+ADs-line-height: 14.0pt'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs-mso-ansi-language: EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'margin-top:0cm+ADs-margin-right:5.65pt+ADs-margin-bottom: 0cm+ADs-margin-left:5.65pt+ADs-margin-bottom:.0001pt+ADs-text-align:justify+ADs-line-height: 14.0pt'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs-mso-ansi-language: EN-GB'+AD4-The recent improvements in the operation, which are well timed to take advantage of the current favourable market conditions in terms of strong copper prices and a lower Australian Dollar exchange rate, are summarised as follows: +ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- margin-left:36.0pt+ADs-text-align:justify+ADs-line-height:14.0pt'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'margin-top:0cm+ADs-margin-right:11.35pt+ADs-margin-bottom: 0cm+ADs-margin-left:11.35pt+ADs-margin-bottom:.0001pt+ADs-text-align:justify+ADs-line-height: 14.0pt'+AD4APA-b+AD4APA-u+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs- mso-ansi-language:EN-GB'+AD4-Production Improvements:+ADw-/span+AD4APA-/u+AD4APA-/b+AD4APA-b+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4- +ADw-/span+AD4APA-/b+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4-Production over the period has moved closer to+ADw-b+AD4- 60,000 tonnes per+ADw-/b+AD4- +ADw-b+AD4-month+ADw-/b+AD4- following the establishment of new production blocks and, in particular, the Eloise Deeps Block. The latter is particularly important as the developed portion of the block contains some 18 months of planned production (1.3M tonnes in Ore Reserves) that should offer a number of benefits associated with the bulk mining method, in particular +ADw-b+AD4-an overall increased production rate and lower operating costs+ADw-/b+AD4-. +ADw-b+AD4APA-u+AD4APA-o:p+AD4APA-/o:p+AD4APA-/u+AD4APA-/b+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'margin-top:0cm+ADs-margin-right:11.35pt+ADs-margin-bottom: 0cm+ADs-margin-left:11.35pt+ADs-margin-bottom:.0001pt+ADs-text-align:justify+ADs-line-height: 14.0pt'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs-mso-ansi-language: EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'margin-top:0cm+ADs-margin-right:11.35pt+ADs-margin-bottom: 0cm+ADs-margin-left:11.35pt+ADs-margin-bottom:.0001pt+ADs-text-align:justify+ADs-line-height: 14.0pt'+AD4-+ADw-b+AD4APA-u+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs- mso-ansi-language:EN-GB'+AD4-Production Supports Capital Expansion Plans:+ADw-/span+AD4APA-/u+AD4APA-/b+AD4APA-b+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4- +ADw-/span+AD4APA-/b+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4-With the increase in production and strong cash generation, the mine owner, FMR Investments Pty Ltd, has initiated the first steps to expand the processing plant to treat approximately 740,000tpa for a modest cost of +ACQ-3.0M. This expansion will be implemented in stages so as not to disrupt the productivity of the plant. +ADw-b+AD4APA-u+AD4APA-o:p+AD4APA-/o:p+AD4APA-/u+AD4APA-/b+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'margin-top:0cm+ADs-margin-right:11.35pt+ADs-margin-bottom: 0cm+ADs-margin-left:11.35pt+ADs-margin-bottom:.0001pt+ADs-text-align:justify+ADs-line-height: 14.0pt'+AD4APA-b+AD4APA-u+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs- mso-ansi-language:EN-GB'+AD4APA-o:p+AD4APA-span style+AD0-'text-decoration:none'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/o:p+AD4APA-/span+AD4APA-/u+AD4APA-/b+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'margin-top:0cm+ADs-margin-right:11.35pt+ADs-margin-bottom: 0cm+ADs-margin-left:11.35pt+ADs-margin-bottom:.0001pt+ADs-text-align:justify+ADs-line-height: 14.0pt'+AD4APA-b+AD4APA-u+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs- mso-ansi-language:EN-GB'+AD4-Increased Mineral Resource and Ore Reserve:+ADw-/span+AD4APA-/u+AD4APA-/b+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4- As previously announced, the Indicated and Inferred+ACY-nbsp+ADs-Mineral Resource has increased to +ADw-b+AD4-3.5 million tonnes at 3.1+ACU- Cu, 10g/t Ag and 0.8g/t Au+ADw-/b+AD4-, including an +ADw-b+AD4-increased Probable Ore Reserve of+ADw-/b+AD4- +ADw-b+AD4-2.4 million tonnes at 2.6+ACU- Cu, 9.3g/t Ag and 0.7g/t+ACY-nbsp+ADs-Au+ADw-/b+AD4-. A large portion of the Resource that exists outside of the Reserve occurs as immediate extensions. Based on drilling information and operational experience, the mine owner (FMR) has advised that there is a high probability that the bulk of these resources will progressively convert to reserves as mining progresses. This indicates that the mine currently has a +ADw-b+AD4-mine life of 4 to 5 years,+ADw-/b+AD4- with ongoing potential to add to the Mineral Resource and Ore Reserve.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'margin-top:0cm+ADs-margin-right:11.35pt+ADs-margin-bottom: 0cm+ADs-margin-left:11.35pt+ADs-margin-bottom:.0001pt+ADs-text-align:justify+ADs-line-height: 14.0pt'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs-mso-ansi-language: EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'margin-top:0cm+ADs-margin-right:11.35pt+ADs-margin-bottom: 0cm+ADs-margin-left:11.35pt+ADs-margin-bottom:.0001pt+ADs-text-align:justify+ADs-line-height: 14.0pt'+AD4APA-b+AD4APA-u+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs- mso-ansi-language:EN-GB'+AD4-Estimated Value of Breakaway?s 30+ACU- Net Profit Interest:+ADw-/span+AD4APA-/u+AD4APA-/b+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs-font-family: Georgia+ADs-mso-ansi-language:EN-GB'+AD4- +ACY-nbsp+ADs-As a result of the improvements, Breakaway has been able to estimate that future accumulated earnings from its 30+ACU- net profit interest have +ADw-b+AD4-a base case value of +ACQ-40 million EBITDA+ADw-/b+AD4- (undiscounted). This estimate is based on a total production of 3.3Mt+ACY-nbsp+ADsAQA- 2.6+ACU- Cu and an average copper price of US+ACQ-6,200/tonne Cu (US+ACQ-2.80/lb +AD0- A+ACQ-3.16/lb Cu using forward price estimates Macquarie Research Commodities). At a copper price of US+ACQ-8,000/tonne the estimated accumulated earnings would be A+ACQ-80 million. With the continuation of the recent productivity increases, Breakaway expects that earnings from its 30+ACU- net profit interest will resume in the June 2009 Quarter, after the 2007-2008 capital costs have been offset against profits for the 2008-09 financial year, subject to the copper price. +ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify+ADs-line-height:14.0pt'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs- font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'margin-top:0cm+ADs-margin-right:5.65pt+ADs-margin-bottom: 0cm+ADs-margin-left:5.65pt+ADs-margin-bottom:.0001pt+ADs-text-align:justify+ADs-line-height: 14.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-font-family:Georgia'+AD4-Commenting on the announcement, Breakaway?s Managing Director, Mr Peter Buck, said: ?Having a 30+ACU- net profit interest in a profitable copper operation with a strongly growing production profile sets Breakaway apart from other exploration companies. The value of this asset to Breakaway in terms of future earnings is considerable, particularly considering the current difficult market environment.+ACY-quot+ADsAPA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'margin-top:0cm+ADs-margin-right:5.65pt+ADs-margin-bottom: 0cm+ADs-margin-left:5.65pt+ADs-margin-bottom:.0001pt+ADs-text-align:justify+ADs-line-height: 14.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-font-family:Georgia'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'margin-top:0cm+ADs-margin-right:5.65pt+ADs-margin-bottom: 0cm+ADs-margin-left:5.65pt+ADs-margin-bottom:.0001pt+ADs-text-align:justify+ADs-line-height: 14.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-font-family:Georgia'+AD4-?It is worth noting that this royalty delivered some A+ACQ-15 million in earnings between September 2005 and September 2006, before the recent capital development initiatives were undertaken,? he added. +ACY-nbsp+ADs-?The future earnings will be important in terms of future funding for our aggressive nickel exploration and development programme in +ADw-u1:place u2:st+AD0AIg-on+ACIAPgA8-u1:State u2:st+AD0AIg-on+ACIAPg-Western Australia+ADw-/u1:State+AD4APA-/u1:place+AD4-, where we are having excellent success with the current resource drill-outs of the Horn Deposit at Wildara and the 1A Deposit at Kambalda.?+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto'+AD4APA-b+AD4APA-span style+AD0-'font-size:10.0pt+ADs-font-family:Georgia'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal align+AD0-center style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt: auto+ADs-text-align:center'+AD4APA-b+AD4APA-span style+AD0-'font-size:10.0pt+ADs-font-family:Georgia'+AD4-ENDS+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto'+AD4APA-b+AD4APA-span style+AD0-'font-size:10.0pt+ADs-font-family:Georgia'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-div align+AD0-center+AD4- +ADw-table class+AD0-MsoNormalTable border+AD0-0 cellspacing+AD0-0 cellpadding+AD0-0 width+AD0-655 style+AD0-'width:491.4pt+ADs-border-collapse:collapse+ADs-mso-padding-alt:0cm 0cm 0cm 0cm'+AD4- +ADw-tr style+AD0-'mso-yfti-irow:0+ADs-mso-yfti-firstrow:yes+ADs-mso-yfti-lastrow:yes'+AD4- +ADw-td width+AD0-355 valign+AD0-top style+AD0-'width:266.4pt+ADs-border:solid windowtext 1.0pt+ADs- border-right:none+ADs-padding:0cm 5.4pt 0cm 5.4pt'+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto'+AD4APA-span style+AD0-'font-size:9.0pt+ADs-font-family:Georgia'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal 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Data and Statistics for these countries : Australia | All
Gold and Silver Prices for these countries : Australia | All

Breakaway Resources

DEVELOPMENT STAGE
CODE : BRW.AX
ISIN : AU000000BRW9
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Breakaway develops nickel, copper, gold and silver in Australia, and holds various exploration projects in Australia.

Its main asset in development is ELOISE PROJECT in Australia and its main exploration properties are BUNGALDIN, MIRANDA PROJECT, MT FINNERTY NICKEL JV, MOUNT CLIFFORD - MOUNT NEWMAN, YILLAREE, SCOTIA PROJECT, EAST KIMBERLEY, KALGOORLIE, KAMBALDA WEST PROJECT, WILDARA, BANNOCKBURN and VIVIEN in Australia.

Breakaway is listed in Australia and in Germany. Its market capitalisation is AU$ 3.5 millions as of today (US$ 3.3 millions, € 2.5 millions).

Its stock quote reached its highest recent level on May 18, 2007 at AU$ 0.94, and its lowest recent point on June 21, 2013 at AU$ 0.01.

Breakaway has 291 100 507 shares outstanding.

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Nominations of Breakaway Resources
5/28/2010Ltd: Appointment of Corporate Advisory Firm to Assist with D...
Project news of Breakaway Resources
5/31/2011(Eloise Project)Drilling commences at Eloise, North Queensland
7/5/2010(Wildara)Expands Nickel Exploration Effort
3/5/2010(Wildara)Exploration Update
10/21/2009(Scotia Project)Breakaway to Recommence Nickel Drilling at Scotia Project
8/3/2009Drilling Results Confirm Near-Surface Gold Potential at Spar...
7/16/2009(Mt Finnerty Nickel Jv)Sale of Breakaway's MT Finnerty JointVenture Earn-In Rights ...
7/1/2009(Scotia Project)Commences Gold Exploration Drilling
6/11/2009(Scotia Project)Gold Exploration Initiative
12/4/2008(Eloise Project)Eloise Copper Mine - Further Update
9/18/2008(East Kimberley)Results for Nickel Sulphide Extensions at Keller Creek NI-CU...
9/9/2008(Eloise Project)Eloise Copper Mine Production Ramp-Up Positions Operation fo...
9/4/2008(Kambalda West Project)Drilling Confirms Additional High Grade Nickel Extensions at...
7/31/2008(Eloise Project)Eloise Copper Mine Performing Strongly With Plan to Expand F...
7/30/2008(East Kimberley)Significant Sulphide Extensions Discovered in Keller Creek N...
4/29/2008(Kambalda West Project)Drilling Planned at Kambalda West Gold Joint Venture by Barr...
3/12/2008(Kambalda West Project) Drilling Planned to Test Substantial Depth Extensions at An...
3/6/2008(Wildara)Further Significant Intersections at the Horn *RESENT*
Corporate news of Breakaway Resources
9/14/2012Alcoa CIO Nancy Wolk Recognized for World-Class IT Leadershi...
8/10/2010EM Survey Commences at Miranda
7/27/2010Quarterly Report for the Period Ending 30 June 2010
6/2/2010BHP Billiton Launches Deep Drilling at Altia JV
4/28/2010Activity Report for the Quarter Ended 31 March 2010
4/9/2010Nickel Drilling and Exploration Update
1/28/2010Activity Report For The Quarter Ended 31 December 2009
12/15/2009Saints Nickel Target Drilling Update
7/21/2009June 2009 Quarterly Report
2/20/2009Company Update - Management Structure
1/27/2009Quarterly Activites Report December 2008
9/23/2008Announces A$2M Share Placement to Cornerstone Investor
6/26/2008Significant Gold Results From Kambalda West Gold Joint Ventu...
6/24/2008First Stage In-Fill Drilling Confirms Integrity of Horn Nick...
6/19/2008Andrews Mine - Depth Extension Discovered - 1A Mine - Early ...
6/3/2008Lonsec Report
4/29/2008Quarterly Activity Report
4/14/2008 Maiden Resource: 8,300 Tonnes of Nickel for the Horn Deposi...
4/8/2008 Positive TEM Results Increase Potential For Additional Nick...
3/27/2008Further Nickel Drilling Success at the Horn Extending Minera...
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AUSTRALIA (BRW.AX)BERLIN (BW2.BE)
0.012+0.00%0.0000
Last quotes and information before delisting
Prev close Open
0.012 0.013
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0.012 0.013
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  0.012 -%
Volume 1 month var.
45,067 -%
Produces
Develops Copper
Explores for Copper - Gold - Nickel
 
 
 
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