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4DS MEMORY LIMITED — Interim / Quarterly Report 2013
Oct 30, 2012
64258_rns_2012-10-30_8fe53ee8-d5c1-4fdf-bf86-da0674b952c7.pdf
Interim / Quarterly Report
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FITZROY RESOURCES LTD
ABN 43 145 590 110
Fast Facts - September 2012 Share Code ASX: FRY Shares on Issue 41 Million Options 11 Million Market Cap $2.9M @ $0.07c Cash at Bank $ 2.0M
31 October 2012
Quarterly Report for the period ending 30 September 2012
Exploration
Rookwood Project (100% FRY)
No work was completed at Rookwood during the quarter.
Directors and Management
Tom Henderson, Chairman Will Dix, Managing Director Ric Vittino, Director
Projects
Rookwood:
Glentanna Project (FRY 100%)
No work was completed at Glentanna during the quarter.
Corporate
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70km NW of Rockhampton
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20km S of Marlborough
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Total area approx. 390km[2]
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1.75Mt @ 1.7% Cu, 2.1% Zn, 8.5 g/t Ag Inferred JORC Resource
The company continues to be presented with a large number of opportunities to consider for corporate transactions. These are all assessed on their merits and the market will be kept informed of any developments regarding new projects.
Glentanna:
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140km SW of Brisbane
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Total area approx. 75km[2]
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Greenfields Exploration
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Drilling identified low level Cu/Zn mineralisation
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Previous drilling intersected 12.3m @ 1.2% Cu and 8.9% Zn
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Contact Details
Perth Office Lvl 2, 35 Havelock Street West Perth WA 6005 Postal Address PO BOX 839 West Perth WA 6872 T +61 8 9481 7111 F +61 8 9320 7501 E [email protected]
As noted in the Annual Financial Report, during the quarter the Company resolved minimise discretionary spending including on exploration in the short term and focus on identifying and reviewing new advanced exploration opportunities.
As part of this initiative all Directors will become non-executive and receive a reduced Directors fee. It is anticipated that the monthly fixed costs will be significantly reduced and the only variable costs incurred will be on specific project reviews.
ABOUT FITZROY :
Fitzroy Resources Ltd is an Australian based mineral exploration company, with two significantly underexplored Queensland base metals projects.
Fitzroy’s main focus is to rapidly evaluate the Rookwood project, containing the promising Develin Creek Resource (estimated 1.75Mt @1.7% Cu, 2.1% Zn, 8.5ppm Ag and 0.24ppm Au). Typical VHMS prospects such as Rookwood, often contain multiple ore systems, with Develin Creek the first system discovered to date in this terrain. Rookwood contains significant potential for the discovery of substantial copper/gold deposits beyond the existing resource.
The smaller Glentanna project, to the south, remains in the early exploration stages, with previous drilling suggesting strong potential. Focus on this project will include further first pass geophysics and drilling.
COMPETENT PERSONS STATEMENT :
The information in this document that relates to Mineral Resources has been compiled by Ms Fleur Muller. Ms Muller, who is a Member of the Australasian Institute of Mining and Metallurgy, is a full time employee of Geostat Services Pty Ltd and produced the Mineral Resource Estimate based on data and geological information supplied by Icon. Ms Muller has sufficient relevant experience to the style of mineralisation and type of deposit under consideration and to the activity that she is undertaking to qualify as a Competent Person as defined in the 2004 edition of the Australasian Code. Ms Muller consents to the inclusion in this document of the matters based on her information in the form and context in which it appears.
The information in this document that relates to Exploration Results has been compiled by Mr William Dix. Mr Dix, who is a Member of the Australasian Institute of Mining and Metallurgy is a full time employee of the Company. Mr Dix has sufficient relevant experience to the style of mineralisation and type of deposit under consideration and to the activity that she is undertaking to qualify as a Competent Person as defined in the 2004 edition of the Australasian Code. Mr Dix consents to the inclusion in this document of the matters based on his information in the form and context in which it appears.