Proactive investorsLogo Proactive Investors UK Website

Search field

1 year chart

digital-look imported chart image

1 day chart

digital-look imported chart image
Epic & Msn data
Epic FND
Time: 16:30:00
Mid Price: 19.00
Change Today: 0.00
Change % Today: 0.00
Fifty Two Week High: 24.50
Fifty Two Week Low: 10.75
Market Capital: 36.83
Period & price data
Period Price
Now: 19.00
3 Months ago: 20.00
6 Months ago:
1 Year ago: 10.75
Additional information
Additional Information
Market: AIM, ASX
Sector: General Mining
Epic: FND
News: Latest news
Web Site: Finders Resources
Other Articles: 23-12-200904-12-200924-11-2009

RSS - Subscribe to the News Today on Proactive UK ▼

Tuesday February 09, 07:53Mediterranean Oil & Gas doubles proven and probable reserves for Ombrina Mare to 40 mmbbls

The good news gave a welcome boost to the group's share price, sending the stock up nearly 15 percent in early trade.

FULL ARTICLE ►

RSS - Subscribe to the News Today on Proactive NA ▼

Tuesday February 09, 11:07Randgold Resources remains focused on 1 million ounce production target

Speaking to assembled analysts in London, Randgold Resources CEO, Mark Bristow, told of a ‘great year' for his company, albeit also a challenging one, but one which would position it well for the years ahead

FULL ARTICLE ►

RSS - Subscribe to the News Today on Proactive CN ▼

Tuesday February 09, 01:53Chindex International reports increasing medical and healthcare revenues

Healthcare products and services group Chindex International (NASDAQ: CHDX) reported increasing revenues as it continued to expand its operations in the People’s Republic of China (PRC).

FULL ARTICLE ►
Finders Resources

Finders Resources

Finders Resources' operations include development of the wetar copper project, exploration for copper and gold in Indonesia and investment in resource-based companies. The Company has 93.97% interest in wetar copper project, Indonesia. The Company’s interests in the wetar project and the ojolali project are held through its subsidiaries, Banda Minerals Pty Ltd and Way Kanan Resources Pty Ltd. The Company operates in two geographical locations, being Australia and Indonesia. Its minerals business is based in Indonesia where it is developing a copper project on the island of Wetar and conducting mineral exploration on Wetar Island and Sumatra.

CLICK HERE FOR FULL ANLAYSIS OF FINDERS RESOURCES
Tuesday, November 24, 2009

Finders Resources ticks off achievements at AGM

company news image

Finders Resources' (ASX: FND) Wetar Copper Project comprises two high grade deposits, Kali Kuning and Lerokis, which are located within 3km from the coast and suitable for open pit mining.

As part of a definitive feasibility study, a demonstration SX‐EW plant with 5 tonnes per day copper cathode capacity has been operational since February 2009 and is permitted to process 100,000 tonnes of ore from the Kali Kuning deposit.

The combined resource estimate for Kali Kuning and Lerokis, at a 0.5% copper cutoff, of 8.18 Mt at 2.5% copper, or 205,000 tonnes of contained copper, of which +98% is classified as JORC Measured and Indicated categories.

After reviewing the recent DFS results, Finders approved the ordering of long lead items to fastrack Stage 1 and a further review of mining schedules, waste and ore movement, and mining indirect costs relating to the Stage 2 expansion.

At the Company’s other project, the Ojolali Gold-Silver property, Finders intends to increase  the oxide gold resource to +300,000 ounces of gold.

Finders Resources (ASX:FND) provided an update on progress of both projects at the AGM today.

The company ticked off the following list of achievements at its flagship Wetar Copper Project (94% and earning):

- Demonstration Plant operating
- Positive Feasibility Study
- 3 Stage expansion to 23,000 tpa Cu
- Ordering long lead items for Stage 1 Expansion (to 5,000 tpy)
- Permitting process well advanced
- Progressive release of regulations for New Indonesian Mining Law
- All local access and compensation agreements completed
- Financing Discussions with 4 banking groups

At its Ojolali Gold-Silver Project (72% with option), the company reported the progress:

- Targeting 30-50,000 oz Au pa start –up resource
- Quality new targets defined by recent trench sampling
- Drill testing to commence early December

Development plans for both projects were outlined:

Develop Full scale Wetar Copper Expansion:

- Stage 1(5ktpa Cu)- 5 months from permitting
- Stage 2 (23ktpaCu)- 12 months from Stage 1
- ~9 year mine life

Growth- Ojolali Au-Ag, Wetar Exploration:

- Targeting Jambi feasibility study end 2010
- Wetar outside prospects

The Finders share price was trading up 3.9%, to $0.40. 

AddThis Feed Button
Register here to be notified of future Finders Resources articles.

Other Finders Resources articles


Other Finders Resources news

More news ►

Investors interested in Finders Resources recently viewed


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.