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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. We also utilize a Cooperative Agreement with Ayr Infrastructure to secure prospective mineral projects in Mozambique and Zambia. Ayr Infrastructure has an excellent operating track record in many countries globally and possesses excellent contacts in both countries.
Exploration Portfolio:
ABM‘s exploration projects are located in :
Western Australia: Erayinia base metals JV, Gascoyne base metals JV, two greenfield prospective for base metals (copper) projects at Earaheedy and Harbutt Range,
Mozambique: Mimosa gold JV
Zambia: a due diligence program is well advanced on both drill ready and greenfield prospective IOCG (Iron Oxide Copper Gold) projects.
2008 Exploration Targets:
To define mineral resources at its two key projects: Erayinia and Mimosa
ABM‘s key exploration projects are the Volcanic Massive Sulphide (VMS) base metal project at Erayinia located 150 km SE of Kalgoorlie and the highly prospective drill ready gold joint venture project at Mimosa in Mozambique.
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Growth Strategy and Shareholder Value:
The last 12 months have been focused on the discovery of an economic Zn deposit at Erayinia and acquiring mainly drill ready gold and base metal projects with the potential of generating major discoveries in Mozambique and Zambia. This platform has now almost been completed. From this substantial exploration portfolio base, ABM plans accelerated and aggressive exploration programs over the next 12 months with the objective of increasing shareholder value though exploration success. The 2008 year has been designated as the year of crystallizing this shareholder value following the restructuring and transformation program that ABM has undertaken over the last 2 years.
A placement of up to A$4 million has been announced in December 2007 to provide the necessary funds to implement the strategic plan set by the Board. |
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ASX Announcements 2008 here
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ABM ANNUAL REPORT 2007
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
