MALACHITE
RESOURCES NL (MAR) provides the opportunity to listen to an audio
broadcast with Dr Garry Lowder, Chairman who has conducted an interview
with Boardroom Radio.
This interview
covers the upgraded resource at Conrad Silver Project (ASX Announcement 16
December 2008) and provides an update on the Elsmore Tin Project.
To listen, simply click on
the links below:
Boardroom
Radio:
http://www.brr.com.au/event/54377
For further information please visit the Company?s website: www.malachite.com.au
or contact: Garry Lowder, Managing Director at (02) 9411 6033 or 0417
212 099,
or by email at: glowder@malachite.com.au
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. At the beginning of October,
2008 the Company had approximately $2.5 million in cash and no debt. 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 40-50% of total
recoverable metal value in the Conrad ore and tin accounts for about 25% of the
value. An interim mineral resource containing 8.8Moz of silver, or
17.7Moz of silver equivalent, has been delineated at Conrad and drilling to add
to and upgrade that resource was completed at the end of September, 2008.
A new resource estimate will be produced by the end of the December Quarter,
2008.
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 palaeo-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.
The VOLGA COPPER PROJECT, located in northwest
Queensland, east and northeast of Mt Isa, where the Company is exploring for
copper-gold at the Mt Lidster and Volga Elderberry properties.
Previous drilling at Mt Lidster and Volga has produced some encouraging high
grade copper intersections.
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 greenfields
discovery called Phoenix. The company is systematically exploring
Phoenix and the other prospects at Tooloom, which are intrusion-related and
have major ore potential.
Andrew J. Cooke
Company Secretary
Malachite Resources NL
Tel:
+61 2 9411 6033
Fax:
+61 2 9411 6066
Mob:
0412 090 826
Email:
acooke@malachite.com.au
Website:
www.malachite.com.au