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Our Operations
ABM Resources NL is focused on unlocking the potential of what is arguably Australia’s final frontier for large-scale gold discovery – the Tanami / Arunta Provinces with the aim to discover Tier One deposits greater than 5 million ounces of gold. The company has an aggressive exploration approach and is well funded for multiple target testing with multiple rigs in 2011.
During the financial year 2009/2010 ABM acquired exploration licenses and exploration license applications from Tanami Exploration NL and Newmont Asia Pacific covering an area in excess of 31,000 square kilometres of the Tanami and Arunta regions, which makes ABM one of the largest junior-gold exploration license holders in Australia.
These are divided into three distinct project areas – Tanami Project; North Arunta Project and Lake Mackay Project in the Northern Territory.  Figure 2: ABM Project Location Map; Three Project Areas ABM aggressively explored from April 2010 to November 2010 and re-commenced drilling following an extended wet-season at the end of April 2011. During 2011 ABM doubled its exploration team and commissioned multiple drill rigs to enable drilling at different targets simultaneously.
Exploration of the Twin Bonanza Gold Camp resulted in:
· Identification of >30 targets over an area 20km by 20km;
· Maiden Inferred Resource estimation of 1.67 Million ounce Deposit at Buccaneer Porphyry Gold Deposit;
· High grade results at the Old Pirate Prospect including 5m grading 274g/t gold;
· Metallurgical test work at Old Pirate indicates high gravity (85.4%) and total (99.5%) recoveries;
· Discoveries at peripheral targets to Buccaneer (post June 30th, 2011) including:
· From April to end of August 2011 drilled in excess of 20,000 metres at Twin Bonanza.
· Caribbean Zone;
· Empress Zone;
· Eastern Contact Zone and;
· Old Pirate Extensions;
· From April to end of August 2011 drilled in excess of 20,000 metres at Twin Bonanza.
Exploration at Regional Projects:
· Exploration at Stafford Gold Zone completed in July 2010;
· Exploration at the Hyperion Project with discovery pending drilling to resource;
· Exploration at the Kroda Gold Project near Barrow Creek which was finalized post 30 June 2011 with a total of 2,490 metres drilled;
· Post 30 June 2011 exploration commenced at the Lake Mackay Copper-Gold projects with a total of 5,350 drill metres planned.
The project areas in the ABM portfolio have a high potential for the discovery of significant gold mineralisation. They already contain high grade gold-quartz vein (Tanami / Callie Type) prospects as well as iron-oxide copper-gold (Olympic Dam and Tennant Creek analogues) prospects.
Large scale anomalies such as the Reynolds Range (North Arunta) comprise of broad gold anomalism in surface sampling and shallow drilling over 80km of strike length. There are also significant prospect scale results including highly anomalous copper and gold in surface sampling and shallow drilling over 500m of strike length at the Tekapo Prospect at Lake Mackay.
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ABM Resources NL
Level 1, 141 Broadway, Nedlands WA 6009Tel: +61 8 9423 9777 Fax: +61 8 9423 9733 ABN: 58 009 127 020 |
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