26 Nov 2015 07:28
26 November 2015
IronRidge Resources Limited
Results of Annual General Meeting
IronRidge Resources Limited (AIM: IRR, the Company) confirms that all resolutions put to shareholders were duly passed by a show of hands at the Company's Annual General Meeting, held on 26 November 2015 in Brisbane, Australia.
A breakdown of proxy votes is set out below:
Votes for (1) | % (2) | Votes against | % (2) | Abstain (3) | ||
Ordinary Business | ||||||
1. To re-appoint Stuart Crow as a Director of the Company. | 85,831,495 | 100% | - | - | - | |
2. To re-appoint Neil Herbert as a Director of the Company. | 85,831,495 | 100% | - | - | - | |
3. To re-appoint Bastiaan van Aswegen as a Director of the Company. | 85,831,495 | 100% | - | - | - | |
4. To re-appoint Alistair McAdam as a Director of the Company. | 85,831,495 | 100% | - | - | - | |
5. To re-appoint Tsuyoshi Ueda as a Director of the Company. | 85,831,495 | 100% | - | - | - | |
Notes:
(1) Any proxy appointments which gave discretion to the Chairman have been included in the "for" total.
(2) As a percentage of the aggregate of votes "for" plus votes "against".
(3) An abstention is not counted towards the votes cast "for" or "against" a resolution.
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.