Proactive Investor's  Instablog

Proactive Investor
Send Message
Proactiveinvestors is a leading multimedia news organization, investor portal and events management business with offices in New York, Sydney, Toronto and London. Proactiveinvestors operates five financial websites in four languages providing breaking news, comment and analysis on hundreds of... More
My company:
My blog:
  • Admiralty Resources Gains Substantial Shareholder 0 comments
    Feb 24, 2013 6:46 PM

    Admiralty Resources (ASX: ADY) has added Zhong Wang to its register as a substantial shareholder.

    Wang holds around 36.6 million shares in Admiralty, giving him a 5.03% interest.

    Admiralty Resources is moving closer to starting iron ore production at its Harper South project in Chile, recently doubling its iron ore Resource at Mariposa to 174.5 million tonnes, from an earlier estimate of 87.8 million tonnes at a 15% cut-off.

    It has also defined a maiden Measured Resource of 43.4 million tonnes at Mariposa, which is one of the six targets identified in the Harper South District.

    At a 10% cut-off, the Resource at Mariposa trebled to 513.4 million tonnes from 168.4 million tonnes.

    The increase in Resource builds on the earlier success at Admiralty's Soberana target, where it defined a maiden Inferred Resource of 90.2 million tonnes, and puts the company closer to production.

    The results confirm the potential of the Harper South District as hosting a consistent mineral base and to provide upside to Admiralty's Resource base.

    Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX "Small and Mid-cap" stocks with distribution in Australia, UK, North America and Hong Kong / China.

Back To Proactive Investor's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


More »

Latest Comments

Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.