Proactiveinvestors recommends

Additional Information

Market:	ASX
Sector:	General Mining
EPIC:	SPI
Latest Price:	0.10 (0.00%)
52-week High:	0.25
52-week Low:	0.09
Market Cap:	15.63M

1 year chart

1 day chart

Spitfire Resources

Spitfire Resources (ASX: SPI) is an emerging Australian resource company focused on the exploration and development of raw materials for the carbon steel and energy sectors.

Spitfire’s flagship asset is the South Woodie Woodie Manganese Project, which covers a total area of 1,800 square kilomeres in Western Australia’s emerging East Pilbara Manganese Province – a region renowned globally as a major source of iron ore and manganese for the Asian steel industry. Spitfire has defined a JORC compliant manganese resource inventory of 2.94Mt @ 7.07% Mn at the Tally-Ho deposit.

Spitfire Resources eyes up thermal coal projects in Tasmania

Friday, May 23, 2008 Spitfire Resources (ASX: SPI) announced that it entered into an agreement to acquire Black Rock Energy, whose assets include an advanced thermal coal project and additional coal exploration properties in Tasmania.

Black Rock Energy holds the Langloh Coal Project Avoca Coal Project, Ouse Coal Project and the Sandfly Coal Project. Langloh has 10 million tonnes of JORC compliant inferred thermal coal resource, and is located close to existing infrastructure and multiple deep sea ports. The coal is of medium calorific value, which would make is suitable for export into China and other nearby markets in Asia.

“The proposed acquisition is consistent with Spitfire's focus of developing a portfolio of assets in the carbon steel materials and energy sectors. The Company intends to progress the Langloh asset in parallel with its other core asset, the 80%-owned South Woodie Woodie Manganese Project in the East Pilbara region of Western Australia” the company said.

No investment advice

The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.