Precious Metal Resources Limited

Welcome to Precious Metal Resources Ltd

Precious Metal Resources Ltd  (ASX:PMR) (“PMR” ) is an Australian-based  exploration company with a World Class deposit potential in base and precious metals – copper, lead, zinc, silver and gold, located in regional NSW, Australia. PMR holds ELs and ELAs over prospective base and precious metals, many in close proximity to Sovereign Gold Company Ltd (ASX:SOC) (“Sovereign Gold”), targeting a range of mineralisation styles including:

  • Halls Peak: Large scale sedimentary exhalative (SEDEX) polymetallic targets
  • Peel Fault Joint Venture (JV): gold exploration
  • New England: Broken Hill style polymetallic targets, VMS and porphyry targets

Additionally, PMR has signed JV/MOU’s with SUGEC who are spending $10m on exploration to acquire a 30% interest in 3 exploration licences. PMR and Sovereign Gold have significant cost synergies and PMR provides Sovereign Gold with increased scale, resources and exploration opportunities.

Key Highlights

  • Potential World Class high grade base metal resource
  • A$10 million work program underway at Halls Peak, fully funded by investment from Chinese SOE (JV/MOU’s) partner Jiangsu Geological & Engineering Co Ltd (SUGEC)
  • Heliborne VTEM survey identified large conductors that may be potential large SEDEX deposits
  • Close to port – only 4 hours drive to Newcastle port
  • Several geochemical and geophysical anomalies are present that potentially identify further high grade, near-surface sulphides
  • Indications for the presence of orogenic gold from breccia floaters and small pods of Au–rich quartz on the tenements carrying 1 to 10 g/t Au
  • Simple, continuous, flat lying characteristics also analogous to Citronen Greenland zinc Deposit and Atlantis II Red Sea Base Metal deposit
  • Substantial body of exploration data to support exploration program objectives already extensively reviewed
  • VTEM suitable for PMR’s Broken Hill tenements – potential to quickly identify mineralisation.
  • Good infrastructure in local district at Halls Peak and Broken Hill
  • Conceptual room and pillar mining potential for Halls Peak
  • Previous drilling data indicates known high grade mineralisation
     

 

 

 

Last updated 30 October 2013

Share Price

PMR 0.270

Prices delayed by 20 mins
Last Update 05:25 AM AEST Refresh

Releases on ASX

Date       Headline Pages PDF
08/09/2014   Becoming a substantial holder - Mayfair Capital Limited 2 PDF
08/09/2014   Becoming a substantial holder 2 PDF
02/09/2014   Becoming a substantial holder - Mount Adrah 2 PDF
02/09/2014   Change in substantial holding from SOC 2 PDF
02/09/2014   Cancellation of Securities - Consolidated Appendix 3B 18 PDF
29/08/2014   Half Yearly Accounts 29 PDF
20/08/2014 Change of PMR Control 13 PDF
18/08/2014   Results of Meeting 1 PDF
31/07/2014 Quarterly Activities Report June 2014 4 PDF
31/07/2014 Appendix 5B 30 June 2014 5 PDF

Register for Updates

Home   |  Projects  |   News & Research   |   Investor Information  |   Glossary  |  Contact                       

Legal & Privacy |   © Precious Metal Resources Limited