only | |
AGM Presentation | |
use | 12 November 2021 |
personalr |
Edjudina Gold - 100%
Iroquois Zn-Pb - 20% Free Carry Highland Plains Phosphate - 100% Ellendale Diamonds - Option Sale Pending
All Projects in Western Australia or NT
GIB is an ASX Listed, Multi-commodity Exploration and Development Company
ASX Code: GIB
only | 211,509,445 | ||
Total Shares on Issue | |||
Market Capitalisation | $16.9 | M | |
(u diluted at $0.08 | |||
per share) | |||
Cash on Hand (31 Sept) | $2.09 | M | |
Due March 2022 | $1.0 | M | |
Due March 2023 | $4.0 | M | |
(Both payments contingent on | |||
Ellendale Option) | |||
useShare Price History 12 Months | |||
r personal |
Major Shareholders | Shares | % of |
Capital | ||
Jim Richards | 41,683,592 | 19.7 |
Other Directors | 9,273,888 | 4.4 |
Total | 1,483 Shareholders |
Neta Lodes Gold Discovery, Edjudina,
Western Australia
2
Board of Directors & Management
only | Mr. Jim Richards | ||
BSc Hons (Geology), | |||
Executive Chairman | |||
27 years experience in mining and | |||
use | exploration | ||
personalGrant Mooney | Non-Executive | Exploration | |
Non-Executive | |||
Director & Company | Director | Manager | |
Secretary | Tom Reddicliffe | Michael Denny | |
r | 3 | ||
Summary of GIB Projects & Interests
1. Edjudina Gold Project, Eastern Goldfields, WA | GIB 100% | |
• Six drilling campaigns since project acquisition in July 2020 | ||
only | ||
• Discovery of the Neta Lodes Prospect includes 36m at 3.97g/t from 4m | ||
• Mining Lease applied for over Neta Lodes | ||
2. Iroquois Zn-Pb Discovery, WA | STK JV, GIB 20% Free-carry to BFS | |
• Assays for STK hole IQRC001 include | ||
use | 5m @ 2.9% Zn + Pb from 23m | |
22m @ 2.2% Zn + Pb from 37m | ||
23m @ 5.5% Zn + Pb from 108m (further new drill hole assays pending)
3. Ellendale Diamond ProjectGIB 100% with BDM Option to Purchase 100%
personal | |||
• March 2021 GIB entered into a staged two year Option with Burgundy Diamond Mines | |||
(BDM) which gives BDM the right to purchase 100% of the Ellendale Diamond Project | |||
• Total transaction is $6.7 million in cash, 16 million BDM shares, and a 1.5% gross revenue | |||
royalty. $1.7m and 4 million BDM shares have already been received | |||
4. | Highland Plains Phosphate Project, NT | GIB 100% | |
• Total JORC (2004) compliant Inferred Resource: 53 million tonnes at 16% P2O5 | |||
5. | Shares in Accelerate Resources Limited (ASX: AX8) | GIB 100% | |
• GIB owns 3 million shares in AX8 (last traded at 4.9 cents per share) | |||
r | 4 | ||
Edjudina Gold Project - GIB 100%
Eastern Goldfields, Western Australia
only | • Shallow/outcropping gold lodes |
• Discovery of Neta Lodes | |
prospect includes 36m @ | |
3.97g/t. Numerous high grade | |
intersections | |
use | • Gawler and Perseverance both |
indicate excellent grades | |
• Multiple parallel lines of nearly | |
continuous historic gold | |
workings over 13km | |
personal | • Historic production figures for |
the Edjudina field are 39,476 | |
ounces of gold at a grade of | |
41.0g/t, | |
• Active haul road runs through | |
the tenement to the Carosue | |
Dam mill complex 45km to the | |
south west | |
• Mining Lease application over | |
Neta Lodes | |
r | 5 |
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
- Original document
- Permalink
Disclaimer
GIBB River Diamonds Ltd. published this content on 12 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 November 2021 07:46:03 UTC.