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Quarterly Report period ending 30 June 2010 |
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Thursday, 29 July 2010 |
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HIGHLIGHTS: Torrens, SA : Subsequent to the Quarter, Argonaut secured approval from the Minister for Aboriginal Affairs and Reconciliation for the Section 23 application in respect of the Torrens Project in South Australia (EL 4296). Argonaut is exploring for iron-oxide copper-gold systems.Kroombit, QLD: Subsequent to the Quarter, the Kroombit zinc-copper project Scoping Study confirmed the project’s development potential.Alford, SA: The study showed an IRR of 20%, an NPV of $15 million and cash flow before tax of $71 million.Approval of $1.3 million copper and gold exploration program at the Alford tenement in South Australia (EL3969).Corporate: Strong cash position and balance sheet - the company had $7.88 million in cash and no debt at 30 June 2010.
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Kroombit Zinc/Copper Project Scoping Study confirms development potential |
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Friday, 23 July 2010 |
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Argonaut Resources NL (ASX: ARE) today announced the results of a Scoping Study assessing the economics of the company’s Kroombit Zinc and Copper project in Central Queensland.
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