Initial Public Offering – Austral Resources
Austral Resources has a highly prospective, very high grade, hard rock Zircon project. The project’s average grade is 29.4% Zircon, with a 1.8mt JORC compliant inferred resource.
The asset is at an advanced stage of exploration with a pending BFS due in calendar 2013 after the IPO.Highlights of the company’s diamond drilling program include:
- 14.8 m @ 36.88% zircon from 30.4 m,
- 16.85 m@ 31.33% zircon from 35.5 m,
- 35.65 m @18.28% zircon and 0.21% hafnium from 56.05m (ending in mineralisation) and
- The location of a new banded mineralised zone of lower grade zircon covering a previously unrecognised broad zone from surface to at least 104m depth that may increase the resource potential.
The Company’s CEO, Scott Reid, has had significant experience on the ground in the project’s domicile, Madagascar, and has been previously associated with Discovery Metals and Blackthorn Resources.
For more information on this IPO and a copy of the prospectus[break]
Alternately contact a Paradigm advisor on +61 2 9222 9111 for more information.