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Additional Information
Market:ASX
Sector:General Mining
EPIC:SRR
Latest Price: 0.04  (5.56% Ascending)
52-week High:0.21
52-week Low:0.04
Market Cap:17.16M
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Shaw River Manganese Full Shaw River Manganese profile here

Shaw River Manganese (ASX: SRR), formerly Shaw River Resources, is a manganese company with a pipeline of manganese projects. Shaw River’s exploration is targeted at high-grade manganese deposits highlighted by the recent acquisition of the Otjozondu Manganese Project (Otjo) in Namibia.

 

First production from Otjo is expected in 2012. Projects at Baramine, Pilbara and Butre, Ghana are advancing with drill programs underway or completed.

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Shaw River Resources changes name to Shaw River Manganese

Thursday, June 23, 2011
Shaw River Resources changes name to Shaw River Manganese

Near term manganese producer, Shaw River Resources (ASX: SRR) has changed its name to Shaw River Manganese Limited. There is no change to Shaw River’s ASX code, SRR.

The name change reflects Shaw River's manganese exploration and development projects in Namibia, Australia and Ghana.

Shaw River is set to begin producing manganese from its Otjozondu Manganese Project in 2012 at an initial rate of 250,000 tonnes per annum, targeting 500,000 tonnes per annum within four years.

With a Scoping Study indicating strong operating cash flows in 2012, using a manganese price of US$4.50/dmtu FOB, against a modest A$37 million capital cost for an initial 250,000 tonnes per annum operation, Shaw River's market value of $75 million looks low relative to significant cash flows to be generated in 2012.

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