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ACROW LIMITED — Capital/Financing Update 2010
Apr 22, 2010
64288_rns_2010-04-22_34d0b89a-753b-49ee-b223-157624eb641c.pdf
Capital/Financing Update
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NOBLE MINERAL RESOURCES LIMITED BROADCAST
ANNOUNCEMENT
23 APRIL 2010
Noble Mineral Resources Limited (ASX: NMG “Noble”) provides the opportunity to listen to an audio broadcast with Wayne Norris, Managing Director in a presentation titled "Noble Mineral Resources Announces $62 Million Dollar Capital Raising - Mr Wayne Norris, Managing Director" .
To listen , copy the following details into your web browser: brr.com.au/event/65414.
The presentation details are as follows:
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Noble Mineral Resources Announces $62 Million Dollar Capital Raising - Mr Wayne Norris, Managing Director.
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Presented by Wayne Norris, Managing Director
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Fri, 23 Apr 2010 10:00am AEST
Authorised by:
Wayne Norris Managing Director
About Noble Mineral Resources Limited
Noble Mineral Resources Ltd listed on the Australian Securities Exchange on 26 June 2008 with a focus on exploring for large-scale gold deposits in the world-class Ashanti Gold Belt in Ghana.
In November 2009, the Company entered into an agreement for the acquisition of the Bibiani Gold Mine , a project located in the Sefwi-Bibiani Gold belt in Ghana, host to over 30 million ounces of gold. A review is currently being undertaken on the Bibiani Gold Project involving the development of a suitable funding and mining strategy to develop the project.
Noble’s other primary gold concessions are two Exploration Licences, Cape Three Points and Tumentu , which cover some 88km² and are located within the world-class Ashanti Gold Belt in south eastern Ghana. Ghana is the second largest gold producer in the African continent and is the 10[th] largest gold producing nation in the world, with annual production of approximately 2.4 million ounces.
Noble’s ongoing focus will be to evaluate the Cape Three Points Concession within the southern extension of the Ashanti Gold Belt. Initial exploration will be targeted towards the Satin Mine Project and the Morrison Project, which both lie in an area of historic underground gold production. Noble believes that there is significant potential for the delineation of additional highgrade gold mineralisation relating to the down-plunge and strike extension to these zones.
As well as these more advanced exploration opportunities, the Cape Three Points concession hosts three other project areas for immediate follow-up and five lower-priority prospect areas that Noble has earmarked for ongoing exploration.
The Tumentu Concession is located along strike between the Prestea gold mine and the 1.6 million ounce Salman-Anwia gold deposit currently being explored by ASX-listed Adamus Resources Limited. Artisanal mining, soil sampling, mapping and trench sampling, geological mapping and magnetic surveys have been undertaken and indicate anomalous gold levels within the concession.
The Company intends to apply the latest conceptual geological models and exploration strategies to these relatively under explored, highly prospective projects, with the aim of rapidly defining a JORC-compliant resource for development.
ASX Code: NMG
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15 B owm an S tr eet , S out h P er t h, W es t er n A us tr ali a, 6151 PO B ox 1021, S out h P ert h, W es t er n A us tr ali a, 6951 T: ( 61- 8) 9474 6771 F: ( 61-8) 9474 6772 W : www. nobl emi nres .c om . au