Precious Metal Resources Limited

PMR Prospectus Lodged

The Prospectus for the Public Offering of shares in Precious Metal Resources Limited (PMR) has been lodged with the Australian Securities and Investments Commission (ASIC).

PMR is offering for subscription 20,000,000 shares at an issue price of $0.20 per share to raise $4 million (before costs of the Offer).

The Prospectus is issued to raise funds under the Offer and for the purpose of re-complying with the admission requirements under Chapters 1 and 2 of the Australian Securities Exchange (ASX) Listing Rules following a proposed change to the nature and scale of the Company's activities.

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WELCOME TO PRECIOUS METAL RESOURCES LTD

Precious Metal Resources Ltd (ASX:PMR) is an Australian exploration company focussed on search for gold deposits in NSW

PMR exploration team is led by Jacob Rebek who has 40 year experience in gold exploration and led teams that discovered gold deposits in Papua New Guinea, Solomon Islands and East Australia which have been mined and made good profits

PMR has secured 100% owned tenement in 4 historic gold mining areas in NSW;

  • Panama Hat gold workings - near Broken Hill
  • Peel Fault North, focussed on Spring Creek gold workings - near Bingara
  • Peel Fault South, focussed on Crow Mountain and Magnesite Hill gold workings - near Barraba
  • Hortons - near Tenterfield

In Panama Hat and Crow Mountain areas, no drill testing has ever been done

In Spring Creek, Magnesite Hill and Hortons areas, a few drill holes have been drilled already and some high grade intersections have been made so that follow-up drilling is warranted

All areas are located close to existing infrastructure and population centres with skilled workforce - very important factors for economics on mining.

 

 

 

 

 

last updated 3 October 2014

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