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Additional information
Additional Information
Market: ASX
Sector: General Mining
Epic: .SRE
News: Latest news
Web Site: Stirling Resources
Other Articles: 23-02-201004-02-201003-02-2010

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Monday March 15, 08:01China's growth boosting commodity prices

The latest economic figures from China have put pressure on the dollar and boosted a number of high-yielding currencies, including the Australian dollar and the South African rand.

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Stirling Resources

Stirling Resources

Stirling Resources is an Australian resources developer focusing on investment and development of copper, zircon and gold projects.

CLICK HERE FOR FULL ANALYSIS OF STIRLING RESOURCES
Friday, November 20, 2009

Stirling Resources bullish on China demand at AGM

by Proactive Investors company news image

WA-based Resources developer Stirling Resources (ASX: SRE) has provided an overview at the company's AGM.

Focused on copper, gold and zircon, Stirling is developing a portfolio of quality brownfields assets, near to production.  A management team with significant resource experience and proven track record, securing strategic partnerships for capital and off-take.

Strategy is to focus on commodities with sustained demand –supported by Chinese and Indian growth.

Key partners are DCM DECOmetal (20% shareholding). DCM is a global commodity marketing group with turnover of US$1billion pa.  A leader in trade of ores, alloys and metals with interests in manganese, chromite, zircon and iron ore assets.

Glencore International is a one of world’s largest commodity suppliers.  Major producer and marketer of aluminum, coal, base metals (zinc, copper, lead), ferro-alloys (chrome, manganese), noble alloys (vanadium, molybdenum), nickel and cobalt.  Has J/V and off-take with Redbank Copper.

Major assets are:

Redbank Copper (ASX: RCP)
 
- Stirling is major shareholder -23%
- Large landholding with infrastructure
- Exploration focus to expand resource and mine life
- Resource –5.2mt at 1.44% Cu comprisingIndicated –1.7mt at 1.7% CuInferred –3.5mt at 1.3% Cu
- 3 new copper pipes, zones up to 7% Cu
- J/V with Glencore
- Mine study confirms project viability-provides development blueprint
- Based onCopper cathodes 2,100 t/year (2010) Copper in conc. 8,700t/year (2012)
- Target production by 2H 2010

Redbank Copper had some high grade hitsa at Punchbowl prospect including: 10m @ 4.4% from 202m and 32m @ 3.4% from 187m.

Matilda Zircon (ASX: MZI)

- Stirling major shareholder – 64%
- Tiwi Islands: Processing plant, equipment and infrastructure. Previous production 51,000t of concentrate. Resource of 3.8mt at 4.66% heavy. Target production H1 2010
- Keysbrook: Environmental approval and Offtake agreement Dupont
- Kalimantan: Mining regulations amended, establishing J/V’s –tenement owners
- Cape York Peninsula: Grass roots exploration, Large under explored coastlines

Swan Gold Mining (formerly Monarch ASX: MON)

- Stirling major shareholder – 40% post recapitalization
- Mt Ida high grade underground: Resource 139,000oz at 13.8g/t (Indicated 81,000oz, Inferred 58,000oz) containing a Probable Reserve 64,000oz at 17.4g/t. Target commencement 2H 2010.  Substantial under explored tenements
- Carnegie open pit: Probable Reserve 1.55m oz at 2.7g/t. Target commencement 1Q 2010

At the AGM, Stirling was bullish on the China demand growth to fuel demand for commodities:

- Urbanisation -45% urban areas, by 2035 estimated 70%
- Uses approx 30% of most global raw minerals
- 2008 Chinese asset investment (roads, power, dwellings) up 26%
- Government stimulus US$585 billion
- Gold demand for monetary and jewellery uses
- Zircon for ceramic and porcelain
- Copper - key component of growth for electrical, communication and vehicles
Redbank Copper had some high grade hits at Punchbowl prospect including: 10m @ 4.4% from 202m and 32m @ 3.4% from 187m.

The AGM heard Stirling was making quality investments, with near term production and cash flow generation. 

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