Augur Resources
Full Augur Resources profile here
Augur Resources (ASX: AUK) has a focus on gold and copper within Indonesia and nickel projects within Eastern Australia. Augur’s key projects are the Wonogiri gold-copper project in central Java, Indonesia and the Jampang gold-copper project in western Java, Indonesia.
Augur Resources director increases holding
Friday, January 13, 2012
Augur Resources (ASX:AUK) director Justin Werner has acquired 100,000 shares in the company in an on market transaction on 11 January 2012.
Augur has earned a 51% interest in the Wonogiri project in Central Java and can earn an 80% interest in the project with the expenditure of a further US$2.0 million by 9 December 2012.
There are four drill rigs operating at the project, two of the drill rigs are defining the extent of mineralisation at Randu Kuning, while two rigs are targeting regional geochemical and geophysical targets.
The Wonogiri project is located approximately 30 kilometres to the south of the provincial city of Solo in central Java and is accessible by daily flights from the capital Jakarta and a short one hour drive by car on a sealed road.
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.
