(MENAFN - ProactiveInvestors - Australia) Northwest Resources' (ASX: NWR) managing director, John Merity, will be discussing the Blue Spec Shear Gold-Antimony Project in Western Australia with investors at the "Stars in 2012 Series" in Sydney on Wednesday 17th October 2012.
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The company has received strong support from investors with firm commitments for a placement to raise A3.15m, which will allow the company to finalise the Definitive Feasibility Study and material permitting for the project.
The Blue Spec Shear Project has the potential to come into production in 2013/2014 as a high grade narrow vein underground mining operation producing a gold enriched antimony concentrate for direct sale.
A recent Scoping Study indicates the Blue Spec Shear Project will be a low CAPEX, low cost, high margin project that compares favourably to other Western Australian high grade, narrow vein gold projects, such as Northern Star Resources' (ASX: NST) Paulsens project and Doray Mineral's (ASX: DRM) Wilbur project.
The Blue-Gold Spec Project has a resource of 329,000 ounces at an average grade of 15.8 grams per tonne gold.
Northwest is planning to undertake an infill diamond drilling program at the Blue Spec and Gold Spec deposits to enable a maiden Ore Reserve estimate for the project to be prepared.
THE EVENT
The One2One Forum brings you six exciting companies presenting.
The event is FREE, but registration IS A MUST.
DETAILS: The event will be held on Wednesday 17th October at the Radisson Blu Hotel, corner of Pitt and O'Connell Street, Sydney from 5.30pm.
The event will be followed by a wine and canap reception where you can interact with the presenting MDs & CEOs.
LUCKY DOOR PRIZE: All attendees instantly go into the draw to win 1 of 4 lucky door prizes (including Mystery Prize) drawn on the night: a 100 voucher for Radisson Blu Hotel, a 100 travel voucher, or a 100 Ticketek voucher.
FULL PRESENTER LIST
Northwest Resources (ASX: NWR) is focused on developing its flagship Nullagine Gold & Antimony Project in the eastern Pilbara region of Western Australia. The project hosts a combination of high grade gold/antimony deposits amenable to underground.
Centrex Metals (ASX: CXM) is focused on iron ore exploration on the Eyre Peninsula in South Australia. The company owns the Greenpatch, Bungalow and Cockabidnie tenements.
Cougar Energy (ASX: CXY) is currently accelerating expansion of its application of underground coal gasification (UCG) technology across suitable coal reserves in Asia.
County Coal (ASX: CCJ) is targeting export thermal coal from two projects located in the Powder River Basin, in Wyoming, U.S.
Terranova Minerals (ASX: TNV) is currently acquiring the 3 million ounce Manica gold project in Mozambique, with the company also having some gold and copper focused projects in Western Australia.
Segue Resources (ASX: SEG) has potential for early cash flows at its Emang manganese and iron project in South Africa from stockpiles, trial mining and mine gate sales. It is close to infrastructure with multiple transport and export options. There is reported to be significant interest from offtakers for the Emang product.
