Proactiveinvestors recommends

Additional Information

Market:	ASX FRA
Sector:	General Mining
EPIC:	GIP
Latest Price:	0.02 (10.00% )
52-week High:	0.05
52-week Low:	0.01
Market Cap:	17.88M

1 year chart

1 day chart

Gippsland Limited

Gippsland focuses on world-scale projects which have been over-looked by major resource groups. Projects which have undergone detailed exploration and which have the potential to be brought into production quickly are a prime target for the Company. Gippsland's success in this area is due in part to the Company's philosophy of entering into equitable joint venture arrangements with overseas nationals. The Company's prime assets are the 40 million tonne Abu Dabbab and the 98 million tonne Nuweibi tantalum-tin projects located in the Central Eastern Desert of Egypt, adjacent to the western shore of the Red Sea.

Gippsland says scoping study at Abu Dabbab identifies additional alluvium resource

Thursday, December 11, 2008

Gippsland Ltd said a recently completed scoping study in relation to an extensive alluvial tin deposit within the licence area of the Abu Dabbab tantalum-tin-feldspar project in Egypt estimates an inferred resource of 438,000 cubic metres of alluvium.

Using a high tin cut off grade of 1.2 kilograms/m3, the company estimates the alluvial tin deposits explored contain in excess of 760 tonnes of recoverable tin metal.

Based upon the present tin price of US$11,500 per tonne, the alluvial tin has the potential to generate an additional US$8.7 million revenue during the one year it will take to process the material and in doing so will generate a net cash bonus for the overall Abu Dabbab project of approximately US$5.1 million during the first year of operation.

Gippsland expects that only minimal additional plant and equipment will be required to process and recover the alluvial tin, making it an extremely cost effective process.

The alluvial tin concentrate will be smelted in the Abu Dabbab submerged arc electric furnace to produce London Metal Exchange grade tin metal.

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.