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Who are we:
ABM Resources NL is a diversified minerals exploration company focused on base metals (zinc and copper) and gold.
Our business strategy:
ABM’s acquisition and exploration model is to focus on major mineral discoveries and the development of low production cost mines utilising high quality assessment and exploration of advanced projects.
Exploration Portfolio:
ABM‘s exploration projects are located in :
Western Australia:
Broads Dam Gold, Heads of Agreement – Prospective for Kundana style high grade gold deposits.
Erayinia JV (ABM 70%) – New VMS zinc discovery, large ground holding also prospective for uranium and gold deposits.
Gascoyne base metals JV (Altera Resources Ltd - earning 65%), recent RC base metal intersections of 2.3% Pb and 0.9% Cu.
Mozambique:
Mimosa gold JV – ABM’s Scout RC and diamond drilling during 2008 has returned high grade gold intersections of up to 30.1 g/t Au.
Zambia: Two greenfield projects prospective for IOCG (Iron Oxide Copper Gold).
2009 Exploration Targets:
Broads Dam – Evaluate geochemical and geophysical datasets to outline drill targets for high grade Kundana style gold deposits. Plan and execute RC drilling of identified targets.
Erayinia JV (ABM 70%) – Review of gold and uranium data to outline targets for further exploration.
Mimosa gold JV – Evaluate assay results of Scout RC and diamond drilling. Plan follow up exploration programs.
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Growth Strategy and Shareholder Value:
Subject to funding and analysis of assays and other data, the key strategic objectives and milestones for the remainder of 2008 and 2009 year include:
- Review corporate opportunities in the light of the severe economic downturn in all investment markets and especially commodities;
- Cut costs and overheads
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ASX Announcements 2008 here
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ABM ANNUAL REPORT 2008
Click Here.
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ABM
RESOURCES NL Level 1, 141 Broadway Nedlands Western Australia 6009
Tel: +61 8 9423 9777 . Fax: +61 8 9423 9733
