Description
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.
An Environmental Impact Assessment (EIA) completed to World Bank standards has been approved by the Egyptian Environmental Affairs Agency. A Bankable Feasibility Study undertaken by Lycopodium Engineering Ltd determined that the Abu Dabbab project has the potential to become a major tantalum supplier to the steadily expanding global tantalum industry. The Lycopodium BFS indicated that the project will produce in excess of 650,000 pounds of tantalum pentoxide per year over a likely mine-life of 20 years. The Company has executed an offtake agreement with the tantalum major HC Starck GmbH of Germany for the sale of 600,000 pounds of tantalum pentoxide per year for a 10 year period.
Share Price
In-depth Gippsland Limited Proactive Investors Articles
Recent Gippsland Limited news
- 11/12/2008 Gippsland says scoping study at Abu Dabbab identifies additional alluvium resource
- 25/11/2008 Gippsland Gets German Govt Credit Guarantee for Abu Dabbab Tantalum Project
- 20/11/2008 Gippsland tweaks feasibility study for Abu Dabbab tantalum project
- 06/10/2008 Fox-Davies reiterates buy stance on Gippsland
- 01/09/2008 Gippsland doubles ore reserve at Abu Dabbab Tantalum-Tin Project
Presentations & Company Media
Related Research & Media
No Documents available.
Company Statement:
Gippsland Limited is an Australian based international resource company listed on the Australian Stock Exchange and the London Stock Exchange's Alternative Investment Market (AIM) where it trades under the code "GIP". Gippsland shares also trade on the UK Plus markets ("GIP") and the Deutsche Boerse in Frankfurt ("GIX").
Gippsland is managed by Directors who provide a complimentary blend of technical and commercial skills, and having a long history in the successful running of technically complex private and ASX listed companies.
Because of the Directors' international experience, 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.
Current Operations:
The Company's prime assets are the 44.5 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.
The Abu Dabbab Environmental Impact Assessment (EIA) completed to World Bank standards has been approved by the Egyptian Environmental Affairs Agency.
A Bankable Feasibility Study undertaken by Lycopodium Engineering Ltd determined that the Abu Dabbab project has the potential to become a major tantalum supplier to the steadily expanding global tantalum industry. The Lycopodium BFS indicated that Abu Dabbab alone will produce in excess of 650,000 pounds of tantalum pentoxide per year over a likely mine-life of 20 years. The BFS also determined that in addition to the tantalum, the Abu Dabbab will produce 1,530 tonnes LME grade tin metal per year.
The Company has executed an offtake agreement with the tantalum major HC Starck GmbH of Germany for the sale of 600,000 pounds of tantalum pentoxide per year for a 10 year period.
The company is presently negotiating with the German government owned KfW Bankengruppe for project finance which is anticipated will be arranged on a most favourable 80% debt and 20% equity basis.
Management
Jack Telford - Executive Chairman and CEO
John Chisholm - Chief Geologist
John Dunlop - Senior Mining Engineer
Steven Chadwick - Senior Project Development Co-ordinator
Paul Sims - Chief Financial Officer
Rhonda Light - Administration Officer
Ayman Ayyash - MENA Regional Manager
Major Shareholders
|
Shareholder Name |
No. of Shares |
Relevant Percentage |
|
Mr RWB Beale, Situate Pty Ltd, Taveroam Pty Ltd |
25,700,000 |
9.90% |
|
International Finance Corp |
25,000,000 |
9.63% |
|
Euroclear Nominees Ltd |
19,328,333 |
7.45% |
|
Mr RJ Telford, Eco International Pty Ltd |
13,568,124 |
5.23% |
|
Smith & Williamson Nominees Ltd |
12,450,000 |
4.80% |
|
ANZ Nominees Ltd |
11,343,470 |
4.37% |
|
King Town Holdings Pty Ltd |
9,351,000 |
3.60% |
|
Total significant shareholders |
116,740,927 |
44.98% |
Contact Information
Registered Office
Suite 4, 207 Stirling Highway
Claremont WA 6010
Australia
Postal Address
PO Box 352
Nedlands WA 6909
Australia
Telephone
+61 8 9340 6000
Facsimile
+61 8 9340 6060
Email
info@gippslandltd.com
Website
www.gippslandltd.com
Corporate Information
Directors
Robert John (Jack) Telford – Executive Chairman
John Morrison Chisholm – Executive Director
John Starink – Executive Director
John Stuart Dunlop – Non-Executive Director
John Damian Kenny – Non-Executive Director
Auditors
PKF Chartered Accountants & Advisers
BGC Centre
Level 7, 28 The Esplanade
Perth WA 6000
Australia
Solicitors
Blakiston and Crabb
1202 Hay Street
West Perth WA 6005
Australia
Solicitors
Cobbetts
Ship Canal House
King Street
Manchester M2 4WB
United Kingdom
Solicitors
Trowers & Hamlins
1 El Gabalaya Street, 3rd Floor
Zamalek, Cairo
Republic of Egypt
Share Registry
Security Transfer Registrars Pty Ltd
Alexandrea House
Suite 1, 770 Canning Hwy
Applecross WA 6153
Australia
PO BOX 535
Applecross WA 6153
Australia
Telephone: +61 8 9315 2333
Facsimile: +61 8 9315 2233
Email: registrar@securitytransfer.com.au
Share Registry
Computershare Limited
P O Box 82
The Pavilions, Bridgwater Road
Bristol BS99 7NH
United Kingdom
General Enquiries Tel: +44 (0)870 702 0000
Shareholder IVR Tel: +44 (0)870 707 1015
Australian Stock Exchange
The Company’s securities are quoted
on the official list of the Australian Stock
Exchange Ltd, the Home Exchange being:
The Australian Stock Exchange (Perth) Ltd
2 The Esplanade
Perth WA 6000
Australia
ASX Codes
Shares - GIP, Listed Options - GIPO
London Stock Exchange
The Company’s securities are quoted on the
London Stock Exchange Plc’s (LSE) Alternative Investment Market (AIM)
10 Paternoster Square
London EC4M 7LS
United Kingdom
LSE - AIM Codes
Shares - GIP, Listed Options – GIPO
Nominated Advisor (NOMAD)
Seymour Pierce Ltd
20 Old Bailey
London EC4M 7EN
United Kingdom
Sponsoring Broker
Seymour Pierce Ltd
20 Old Bailey
London EC4M 7EN
United Kingdom
Sponsoring Broker
Fox-Davies Capital
Whitefriars House
6 Carmelite Street
London EC4Y 0BS
United Kingdom
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