start from the back an work forward31 Jul 2013 20:51
Chairman's Statement
I am delighted to report that this past six month period has culminated in Centurion's listing on AIM. Our management team has a breadth of experience in the natural resources sector, and has been working hard to identify prospective projects that fulfill our stringent investment criteria. In line with this, I am confident that our first project, the 33 sq km Mitterberg Copper Project ('Mitterberg' or 'the Project') located in the historic Mitterberg district of Salzburg, Austria, provides the Company with a solid foundation that offers shareholders an ideal opportunity to gain exposure to the highly prospective natural resource sector.
The Project, which includes a historically producing high grade copper mine, is located in an area of significant mineralisation in Austria with the Mitterberg district estimated to contain the largest copper concentration in the Eastern Alps. The Mitterberg Copper Project was previously mined on a commercial scale in the 1970s, with approximately 120,000 tonnes of copper believed to have been extracted to date. Plentiful historic data has provided us with a strong understanding of the mineral-rich area and a current calculated exploration target of 11.0Mt-11.7Mt grading between 1.0%-1.15% copper for the Project. Additionally, the level of historical mining in the area demonstrates the presence of a well mineralised system and consequently our consultants, Al Maynard & Associates Pty Limited ('AM&A'), is of the firm opinion that potential exists to develop a JORC Code compliant copper mineral resource estimate below and to the west of the current mine workings.
a story will unfold by starting in reverse .