Proactiveinvestors recommends
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
1 year chart
digital-look imported chart image
1 day chart
digital-look imported chart image
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.

Pdf

Shaw River Manganese strengthens team ahead of manganese production in Namibia

Monday, July 11, 2011
Shaw River Manganese strengthens team ahead of manganese production in Namibia

Shaw River Manganese (ASX: SRR) has appointed a new chief operating officer (COO), chief financial officer (CFO) and chief metallurgist to lead the company into production at its Otjozondu Manganese Project in Namibia in 2012.

New COO Rob Morrow has a track record of 25 years experience in the development of remote area mining infrastructure and operations. His previous role was as Project Director of the Karara magnetite project in Western Australia.

Chris Parkinson, newly appointed CFO, is a chartered accountant with over 15 years experience. Prior to joining Shaw River Manganese, he led the Perth corporate finance team of Grant Thornton, a global accounting and advisory organisation.

Noel O’Brien, chief metallurgist, has a broad technical and operational knowledge of processing, logistics and project delivery in the international minerals industry based on 36 years experience in Australia and Africa.

The new appointments will also play important roles in Shaw’s plan to develop its substantial pipeline of other manganese projects in the Pilbara, Ghana and Namibia.

Shaw River’s acquisition of a 75.5% interest in the Otjozondu Manganese Project in Namibia last year, will fast track the company’s goal of becoming a global manganese producer.

The company 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.

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.