Company News: Avonlea Minerals
Updated: 26 Aug 2010
Avonlea Minerals Limited is an Australian exploration company based in Perth, Western Australia. While Avonlea has gold and base metal interests in Central Queensland and iron ore rights to the Diemals Iron Ore Project in Western Australia, the Company's focus has become its Exclusive Prospecting Licences ("EPLs") in Namibia. Namibia is generally considered one of the more desirable places in Africa to explore for minerals, based on the stable political and mining friendly environment. Avonlea acquired 95% of the issued capital in Eris Mining (Pty) Ltd a Namibia incorporated exploration company in May 2009.
Eris has since commenced exploration on its EPL's which are considered highly prospective for iron ore, copper, gold and rare earths/metals. Eris also holds a large Exclusive Reconnaissance Licence ("ERL"). Collectively, these licences provide scope to explore approximately 12,000km2.
Financial Information
- West Leederville
- WA
- 6901
- Australia
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