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Winmar Resources Ltd (ASX:WFE)

Winmar Resources Ltd (ASX:WFE)


Share Price
$ 0.02
Change
0 (4.35 %)
Market Cap
$58.15 m
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Winmar Resources Ltd

Winmar Resources Ltd (ASX:WFE) is an ASX listed company focused on exploring for gold in the Iberian Pyrite Belt, Spain.

EPIC: WFE
Market: ASX:WFE
52-week High/Low: A$0.03 / A$0.00
Sector: General Mining
Market Cap: A$58.15M
Website: www.winmarresources.com.au

Winmar Resources Ltd

www.winmarresources.com.au

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Winmar Resources Ltd Snapshot

Winmar Resources Ltd (ASX:WFE) is an emerging junior mineral resources company focused on developing the Lomero Project, an advanced gold-copper-silver-lead-zinc exploration project and existing mine located in Andalucia, Spain. Winmar has entered into a Farm In & Joint Venture arrangment (FI&JVA) with Kimberley Diamonds Ltd to earn up to 70% interest in the Lomero Project.

Gowganda Cobalt Project, Canada

Overview

On 22nd January 2018, Winmar announced that it had acquired rights to three blocks of mining claims covering 2,240 ha within the historic high-grade Cobalt-Gowganda silver-cobalt mining district of eastern Ontario, Canada.

The acquisition marked Winmar’s first move into the cobalt sector.

The Cobalt-Gowganda silver-cobalt mining district is one of the world’s most prospective and cobalt districts outside the Democratic Republic of Congo. Accordingly, it has become the focus of property acquisitions and amalgamations by several cobalt-focused companies, notably Battery Mineral Resources Pty Ltd (unlisted) and First Cobalt Corp. (TSXV: FCC). The latter has recently achieved a market capitalisation of C$150 million following its amalgamation of three companies holding 10,000 ha.

(click here for more information on this project)


Hamersley Iron Ore Project

Advanced Project

  • JORC inferred resource 343.2Mt @ 54.7% Fe (57.9% CaFe)
  • CID zone comprises 318.9Mt @ 55.2% Fe (58.9% CaFe)
  • Maiden Indicated resource of 42.6Mt @ 55.2% Fe (57.9% CaFe)


Infrastructure Advantages

  • Adjacent to operating mines, workforce, roads & rail
  • FMG and RIO rail approx 35 km from deposit.
  • Major towns nearby Tom Price (50km); Paraburdoo (125km)


Exploration Upside

  • Exploration Target 400Mt @ 56-60%CaFe
  • Northern and southern targets untested.


Pathway to Ownership

  • Successful earn into 51% interest of Project
  • Winmar Exploration Joint Venture with Cazaly formed 2013
  • Increase of interest to 70% of Project

 


Last updated 30th August 2018

Mr Jason Brewer
Chairman

Jason Brewer trained initially as a mining engineer, obtaining a Master’s degree, with Honours, from the Royal School of Mines at Imperial College, London and worked in underground and open-cast mining operations in the UK, Australia, Canada and South Africa.

Subsequently, Jason worked for a number of major global investment banks, including Dresdner Kleinwort Benson, NM Rothschild & Sons (Australia) Limited and Investec Bank (Australia) Limited in London, Sydney and Perth, where he was responsible for structuring and arranging corporate and project financing facilities. He gained experience in funds management with LinQ Resources Fund, New Holland Capital and Taurus Fund. In all, Jason has over 20 years’ experience in international mining, financial markets and investment banking. Jason Brewer is currently a Non-executive director of ASX-listed Force Commodities Ltd, Vector Resources Ltd, Tao Commodities Ltd and Cape Lambert Resources Ltd and is CEO of private company African Phosphate Pty Ltd.


Michael Fry
Non-Executive Director

Mr Fry, a highly-experienced finance and company executive, has worked in a broad range of industry sectors. Mr Fry has a strong background in accounting and corporate advice having worked with KPMG (Perth), Deloitte Touche Tohmatsu (Melbourne) and boutique corporate advisory practice Troika Securities Ltd (Perth).

For almost 10 years Mr Fry was the Chief Financial Officer and Finance Director at Swick Mining Services Limited, a publicly listed drilling services provider contracting to the mining industry in Australia and North America. Mr Fry is a Non-Executive Director, Chief Financial Officer and Company Secretary of Cougar Metals NL, and he is Company Secretary and Chief Financial Officer of Globe Metals & Mining Limited.


Tom Durr
Non-Executive Director

Mr. Tom Durr is a qualified Mining Engineer with over 30 years’ experience of managing major capital projects and leading strategic management initiatives within the international mining and process industries.

During his career, Mr. Durr has held senior positions at the Chief Executive Officer, Managing Director, Vice President, Project Director, Business Development Director and General Manager levels within owner operator, Top 4 blue-chip consulting and various international EPC and EPCM contracting businesses.

His experience has involved major project management roles in the United States, Northern and Central Europe, Asia and Australia. Mr. Durr is currently the Managing Director of his own consulting company, Prospice Natural Resources Pty Ltd, Business solutions and also Global Executive Vice President of Msi Global Business Solutions.


Nicola Betteridge
Company Secretary

The Company is pleased to announce that Ms Nicola Betteridge has accepted the role of Company Secretary. Ms Betteridge is a Chartered Company Secretary from Boardroom Pyl Limited and acts for a small portfolio of ASX- listed entities.

 


Last updated 30th August 2018

Address:
Office 7, Level 10 418a Elizabeth Street
Surry Hills NSW 2010
Australia


Phone: +612 83840308

Email: [email protected]

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