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ASARA RESOURCES LIMITED — Capital/Financing Update 2014
Mar 23, 2014
64427_rns_2014-03-23_edb039be-7ee7-4acb-b353-d284e534724e.pdf
Capital/Financing Update
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ASX/Media Announcement 24 March 2014
Golden Rim Secures a 100% Interest in the Balogo Project
Golden Rim Resources Ltd (ASX: GMR, Golden Rim ) today announced it had made the final payment securing the entire Balogo Project where it is conducting a feasibility study on the development of a gold mine on the high grade Netiana Lodes.
The Balogo Project is comprised of two permits, the Balogo and Dabinyan III permits. Golden Rim has previously secured 100% of the Balogo permit and has now made the final payment of US$65,000 for the Dabinyan III permit. Dabinyan III covers 109km[2] of prospective terrain and is contiguous with the Balogo permit which covers 360km[2] .
Dabinyan III is considered strategically important for the potential development of any mining and processing operation at the Balogo Project. The favoured mine water storage site and the mine camp site both lie within the Dabinyan III permit.
-ENDS-
For further information, please contact:
Hayley Butcher
Golden Rim Resources Company Secretary +61 8 9481 5758
Further Company Information
E: [email protected] W:goldenrim.com.au
Capital Structure
Issued Shares: 827,106,887 Unlisted Options: 100,016,667
Major Shareholders
Acorn Capital 10.62% Royal Group, Abu Dhabi 6.58%
Share Registry
Security Transfer Registrars Pty Ltd
Golden Rim Resources Ltd I ABN 39 006 710 774 I Level 2, 10 Outram Street, West Perth WA 6005, Australia I PO Box 378, West Perth WA 6872, Australia www.goldenrim.com.au I [email protected] I T + 61 8 9481 5758 I F + 61 8 9481 5759
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770 Canning Highway APPLECROSS WA 6153 AUSTRALIA
T: + 61 8 9315 2333 F: + 61 8 9315 2233
E: [email protected] W: securitytransfer.com.au
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