Manhattan Corporation Limited
Manhattan Corporation Limited
Full text is available to Level 2 subscribers only
Subscribe to Mining Business Media
Full access to Mining Business Media's unique blend of global mining sector news and commentary is available by subscription only.
$A275.00 per year*
(*up to 10 users)
GST included in Australia
Direct debit/cheque/credit card:
Click here
Subscription inquiries, email subscribe@miningbusiness.net or call 61+413 772 044.
Related Content
The presence of rare earth elements offers some hope for future development approvals for Summit Minerals’ Stallion uranium project despite the anti-uranium mining policies of the Western Australian government.
They’re nearly 850km apart, but diversifying Australian explorer Manhattan Corp is backing its belief that the historic mining glories of central Victoria may be replicated in the arid surrounds of Tibooburra in the far northwest of NSW.
Manhattan is acquiring junior explorer Awati Resources, owner of the Tibooburra project covering 160km strike of gold anomalous structures, for the issue of 200M shares, 50M options and 300M performance shares.
A change of focus for Manhattan Corp has seen the Australian-based explorer drop its plan to acquire NZ ironsands hopeful Trans-Tasman Resources and enter binding heads of agreement over Helix Resources' Joshua copper porphyry project in Chile.
Manhattan can earn 80% by funding 8,000m of diamond drilling and complete a 3-stage BFS on the project, 350km N of Santiago. It will start by sole-funding $A1M for 3,000m of drilling.
Australian-based Manhattan Corp, with its flagship Ponton project idled by a WA state ban on new uranium developments, has crossed the ditch to New Zealand to find new opportunities.
Manhattan has signed a binding $A36.4M all-shares agreement to buy unlisted Kiwi company Trans-Tasman Resources, whose main project is an extensive offshore ironsands deposit in the South Taranaki Bight.
The STB project, 22-36km off the North Island coast, holds JORC indicated-inferred resources of 1,043Mt @ 11.28% Fe2O3 with an additional 2,137Mt @ 9.66%.
Australian uranium explorer Manhattan has resigned itself to four years of not-too-hard labour at its 100%-owned Ponton ISR project after the WA government closed the door on any new uranium projects.
Ponton, with its inferred resource of 24Mlb U3O8, missed out last month when the newly elected Labor government bent its anti-uranium policy just enough to permit four already-approved projects: Toro Energy's Wiluna, Vimy Resources' Mulga Rock and Cameco's Kintyre and Yeelirrie.
West Australian uranium explorer Manhattan has posted combined inferred mineral resources of 21.5Mt at 137-151ppm for 6.97Mlb U3O8 at its 100%-owned Ponton tenements 200km NE of Kalgoorlie, where it's drill testing and developing palaeochannel sand-hosted uranium mineralisation amenable to in-situ recovery techniques.
The resource review by H&S Consultants includes updating the previously reported Double 8 deposit from JORC 2004 to JORC 2012 compliance plus maiden resource estimates for the Stallion, Highway and Shelf deposits.