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Additional Information
Market: ASX
Sector: General Mining
Epic: GOT
News: Latest news
Web Site: Groote Resources
Other Articles: 30-07-201029-07-201029-06-2010

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Thursday September 02, 08:00Baobab Resources identifies distinct ore domain at Tete’s South Zone

Baobab MD Ben James said the latest drilling results from the Tete project's South Zone characterise a distinct, higher mass recovery, ore domain.

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Friday September 03, 01:02TD Bank posts 29% increase in Q3 profits on strong retail earnings growth

"Our third quarter results really tell the growth story of our retail businesses on both sides of the border, with our total adjusted retail earnings hitting a new high of $1.3 billion, up 21% from last year," said president and CEO Ed Clark.

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Wednesday September 01, 10:25Green Dragon Gas reports significant growth as China’s thirst for energy continues

China's thirst for energy resources has continued with an increased focus on domestic supplies of gas, Green Dragon Gas chairman Randeep Grewal said today. In the company's interim results, [...]

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Groote Resources

Groote Resources

Groote Resources Limited 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.

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Tuesday, June 29, 2010

Groote Resources suspends listed company options

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Western Australian-based exploration company Groote Resources (ASX: GOT) has reported that listed options in the company (ASX: GOTO) have now been suspended, effective 23 June 2010.

The listed options will expire at 5.00pm (WDST) on 30 June 2010. The exercise price is $0.20 per option and the closing price (GOT) is $0.77 per share (28 June 2010).

There are 79 outstanding holders and 6,499,77 outstanding options.

Option holders may elect to exercise their options prior to expiry to aquire fully paid ordinary shares or do nothing and allow the options to expire.

Option holders are under no obligation to exercise their options.

Simon Noon, executive director, said Groote Resources has entered into an underwriting agreement with Minc Stockbroking for the options that are not exercised. No fees or commissions are payable to Minc Stockbroking under the Agreement.

Groote has the potential to develop a large, surface mineable manganese deposit near Groote Eylandt in the Northern Territory.

The company has applied for prospective exploration licenses which contain the interpreted extensions of proven high-grade managanese resources owned by Groote Eylandt Mining Company Ltd (GEMCO).

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