Mots clés associés : K Street | 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.

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. Our mailing address is: Level 16, 379 Collins Street, Melbourne, Victoria, 3000 Australia Telephone: +61 3 9620 7144 Email: investors@ady.com.au Website: http://www.ady.com.au	You are receiving this emai because you have either subscribed through www.ady.com.au or through Admiralty's share registry (Boardroom Pty Limited). Please click here to change your mailing preferences: \|

Admiralty Resources NL

	PRODUCTEUR
	CODE : ADY.AX
	ISIN : AU000000ADY7

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Admiralty Res. est une société d’exploration minière basée en Australie.

Admiralty Res. est productrice de fer au Chili, et détient divers projets d'exploration en Australie.

Son principal projet en production est SCM VALLENAR IRON au Chili et ses principaux projets en exploration sont BULMAN et PYKE HILL en Australie.

Admiralty Res. est cotée aux Etats-Unis D'Amerique, en Australie et en Allemagne. Sa capitalisation boursière aujourd'hui est 6,9 millions AU$ (4,5 millions US$, 4,2 millions €).

La valeur de son action a atteint son plus haut niveau récent le 27 juillet 2007 à 3,04 AU$, et son plus bas niveau récent le 03 avril 2020 à 0,00 AU$.

Admiralty Res. possède 1 153 250 048 actions en circulation.

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