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Additional Information

Market:	ASX
Sector:	General Mining
EPIC:	GOT

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Groote Resources

Groote Resources (ASX: GOT) is a Perth-based exploration company which continues to actively search for new projects, both within Australia and offshore. Currently the company has two main projects, the Groote Eylandt Manganese project and the Mt Alexander Uranium Project.

Groote Resources holds exploration rights for six tenements covering 1,723 km2 of shallow marine terrain and two islands near Groote Eylandt in the Northern Territory of Australia. These tenements are located immediately adjacent to and contain the interpreted extensions of the world-class manganese deposits at Groote Eylandt.

The EL comprises 8,877 hectares of prospective ground in the Ashburton Mineral Field of Western Australia, approximately 10km south of Nanutarra. An assessment of this work has identified a number of conceptual uranium and basemetal targets and an exploration program is currently being produced by the team at Groote resources.

Groote Resources widens manganese footprint around BHP's Groote Eylandt deposit

Wednesday, June 09, 2010

Groote Resources (ASX: GOT) has widened its footprint over prospective offshore areas for manganese in the Gulf of Carpentaria of the Northern Territory, which are in close proximity to BHP Billiton's (ASX: BHP) Groote Eylandt manganese deposit, one of the world’s largest high-grade manganese deposits.

Nine new offshore mineral Exploration Licences have been applied for by Groote in the Groote Eylandt region in shallow marine environments.

The licenses - "OEL28098 to OEL28106" inclusive – represent an expansion by Groote to the company’s current mineral exploration licenses, prospective for manganese in the Gulf of Carpentaria.

Groote Resources has also applied for five new Authorization applications "A28131 to A28135" inclusive, which follows approval received by the company from the Northern Territory Government.

The OELAs and Authorisations comprise 15,439 km2 of prospective tenure, immediately to the south and southwest of Groote Eylandt, one of the world’s largest high-grade manganese deposits.

The Groote Eylandt manganese deposit has been mined since the early 1960s by Groote Eylandt Mining Company Pty Ltd (GEMCO) which is jointly owned by BHP Billiton Ltd (60%) and Anglo American Corporation (40%).

With a June 2009 measured resource of 160 MT @ 45.5% Mn producing more than 3 million tonnes of manganese ore annually, Gemco accounts for more than 15% of the world’s high grade manganese ore supply.

The broad coastal plain bordering the licences under application is known to contain numerous manganese occurrences in geological settings very similar to that found on Groote Eylandt.

Two of these sites (Rosie Creek and Battern Creek) are currently the focus of intense exploration activity by other companies.

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