Company News: Admiralty Resources NL
Updated: 20 Sep 2010
Admiralty Resources NL is a diversified mining company with mineral interests in Australia and Chile and trades on the Australian Securities Exchange under the code ADY.
Admiralty's main project is the Sociedad Contractual Minera Vallenar Iron Company project located in the Region III of Chile, a project in which Admiralty holds a 100% interest.
The Company also has a 100% interest in the Bulman Project, a zinc and lead oxide deposit located in the Northern Territory of Australia. The Bulman Project is owned by Bulman Resources Pty Ltd, a wholly owned subsidiary of Admiralty Resources NL and holder of the two mineral leases (MLN 726 & 727) and two exploration licences (EL 23814 and 25931).
Additionally, Pyke Hill Resources Pty Ltd, a subsidiary of the Company, owns the Mining Lease M39/159 together with Richfile Pty Ltd. The mining lease is over a rich nickel and cobalt deposit on a tenement located near Leonora, Western Australia. Cougar Metals NL has been granted limited mining rights over the tenement. Cougar has the right to mine for the nickel and cobalt. Admiralty will receive royalties on nickel and cobalt mined and retains the right to explore and mine for other mineral deposits on the tenement.
Admiralty's main project is the Sociedad Contractual Minera Vallenar Iron Company project located in the Region III of Chile, a project in which Admiralty holds a 100% interest.
The Company also has a 100% interest in the Bulman Project, a zinc and lead oxide deposit located in the Northern Territory of Australia. The Bulman Project is owned by Bulman Resources Pty Ltd, a wholly owned subsidiary of Admiralty Resources NL and holder of the two mineral leases (MLN 726 & 727) and two exploration licences (EL 23814 and 25931).
Additionally, Pyke Hill Resources Pty Ltd, a subsidiary of the Company, owns the Mining Lease M39/159 together with Richfile Pty Ltd. The mining lease is over a rich nickel and cobalt deposit on a tenement located near Leonora, Western Australia. Cougar Metals NL has been granted limited mining rights over the tenement. Cougar has the right to mine for the nickel and cobalt. Admiralty will receive royalties on nickel and cobalt mined and retains the right to explore and mine for other mineral deposits on the tenement.
Business Category Exploration; Mining
Regions of Operation Latin America; Australasia
Exchange Ticker ADY
Financial Information
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Exchanges listed on ASX
Share Holders
Market Cap
Shares Issued
Level 16, 379 Collins Street
- Melbourne
- VIC
- 3000
- Australia
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