Announce the Interim Financial Report for Period Ending December 2013
Perth, Feb 19, 2014 AEST (ABN Newswire) - ABM Resources (
ASX:ABU) Announce the Interim Financial Report for Period Ending December 2013. Achievements accomplished since the start of the 2013/2014 financial year include:
- ABM installed and commissioned a pilot plant at the Old Pirate project.
- Trial mining of 9,844 tonnes of material was completed under an exploration licence.
- Target of 3,000 ounces of gold from Trial Mining achieved in December with mill cleanout pending as at 31 December 2013.
- ABM signed a mining agreement with the Central Land Council on behalf of the Traditional Owners for the Old Pirate Mineral Lease application area.
- Lodgement of an Environmental Impact Statement with the NT EPA for the Mineral Lease application area.
- Secured a funding facility with ANZ for Stage Two Mining.
- The Company entered into a multi-phase exploration agreement with Independence Group NL (IGO) for the Lake Mackay Regional Project. IGO commenced exploration immediately.
- ABM entered into an agreement with Clancy Exploration Limited whereby Clancy has the option to acquire 100% interest in the North Arunta Regional Projects.
- Cash in bank at 31 December 2013 $5 million and no debt, non-cash-backed performance bond facility in place.
To view the report, please visit:
http://media.abnnewswire.net/media/en/docs/76662-ASX-ABU-668149.pdf
About ABM Resources NL
ABM Resources (ASX:ABU) is developing several gold discoveries in the Central Desert region of the Northern Territory of Australia. The Company has a multi-tiered approach to exploration and development with a combination of high-grade production scenarios such as the Old Pirate High-Grade Gold Project, large scale discoveries such as Buccaneer, and regional exploration discoveries such as the Hyperion Gold Project. In addition, ABM is committed to regional exploration programs throughout its extensive holdings including the alliance with Independence Group NL at the regional Lake Mackay Project.
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