29 Sep 2015 10:43
29 September 2015
IronRidge Resources Limited
IronRidge 2015 Annual Report
The Board of IronRidge Resources Limited (AIM: IRR, the Company) is pleased to advise all shareholders and interested investors of the release of the Company's 2015 Annual Report. A full copy of the report is available via the Company's website (www.ironridgeresources.com.au/en/).
Those shareholders who have elected to receive their copy via email or post will do so in the next few weeks, once the "post production" version is available for distribution.
By order of the Board
Karl Schlobohm
Company Secretary
For Further Information:
IronRidge Resources Limited | |
Vincent Mascolo (Chief Executive Officer) | Tel: +61 7 3303 0610 |
Nicholas Mather (Executive Chairman) | Tel: +61 7 3303 0610 |
SP Angel Corporate Finance LLP | Tel: +44 (0)20 3470 0470 |
Nominated Adviser and Broker | |
Jeff Keating Tercel Moore
Yellow Jersey PR Limited Financial PR Dominic Barretto Kelsey Traynor
|
Tel: +44(0)7799 003220 |
Notes to Editors:
IronRidge Resources is an AIM listed iron ore exploration company with assets in African and Australia. The Company's flagship project is located in Gabon, West Africa with permits in two areas - Belinga Sud and Tchibanga. These permits cover at total area of 3,974km2 and were awarded by the Minister for Mines and Industry in June 2013. IronRidge's corporate strategy is to create and sustain shareholder value through the discovery of world-class iron ore deposits.
Tchibanga:
Located in south-western Gabon, in the Nyanga Province, within 10-60km of the Atlantic coastline. This project comprises two exploration licenses, Tchibanga and Tchibanga Nord, which cover a combined area of 3,396km2 and include over 90km of prospective lithologies and the historic Mont Pele iron occurrence.
Belinga Sud:
Located in the north east of Gabon in the Ogooue-Ivindo Province, approximately 400km east of the capital city of Libreville. IRR's licence lies between the main Belinga Iron Ore Deposit, believed to be one of the world's largest untapped reserves of iron ore with an estimated 1bt of iron ore at a grade >60% Fe, and the route of the Trans Gabonese railway, which currently carries manganese ore and timber from Franceville to the Port of Owendo in Libreville.
Australia:
IronRidge has two assets in Australia, Monogorilby and Quaggy. Monogorilby is prospective for titanium oxides and bauxites, whilst Quaggy has shown strong anomalies of platinum palladium nickel cobalt and copper.
Corporate:
IronRidge was created by resource company generator DGR Global Limited (who retain a 26% interest) and has attracted investment support from high-grade South African iron, chrome and manganese mining specialist Assore Limited (who hold a 30% interest) and global resources, mining, marketing and trading conglomerate Sumitomo Corporation (who hold a 12% interest).
The Board of Directors is represented by mining industry professionals with a broad range of corporate, exploration, production, contracting and capital markets experience. The Company was admitted on 12 February 2015 (Ticker Code IRR) and currently has 236,612,203 shares and 13,270,000 unlisted options on issue.