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COMPLII FINTECH SOLUTIONS LTD — Capital/Financing Update 2011
Nov 22, 2011
64639_rns_2011-11-22_7b14282c-f319-40db-b8b7-62456d5d72a8.pdf
Capital/Financing Update
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ASX Release 23 November 2011
ASX: RSL
DRILLING AT MACHINGA RARE EARTHS PROJECT
Resource Star Limited (“RSL”) refers to the Announcement released on 22 November 2011 “Drilling to Commence at Machinga Rare Earths Project” drawing shareholders attention to an ASX announcement released by its joint venture partner Globe Metals and Mining Ltd (“Globe”).
On the 23 November 2011, Globe re-lodged the Announcement including the following two tables setting out comprehensive results from the 2010 drilling and trenching programme:
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Table One: Significant Results from Maiden RC Drill Program at Machinga North; and
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Table Two: Significant Results from Maiden Trench Program at Machinga Main Zone
RSL is pleased to draw Shareholders attention to these results in the context of the original and amended Announcements.
For further information please contact:
Simon Heggen, Managing Director
+61 3 9607 1322
About Resource Star Ltd
Resource Star Ltd is a publicly-listed Australian company (ASX: RSL) that has interests in uranium and uraniumassociated exploration assets in the Northern Territory, Western Australia, Tasmania and Malawi.
The Company’s main projects are the 100%-owned Edith River and Hayes Ck South Uranium Projects in the Northern Territory, the Spinifex joint venture with Thundelarra Exploration in Western Australia, and joint ventures with Globe Metals & Mining on the Machinga Niobium-Rare Earths Project and the Livingstonia Uranium Project in Malawi. Globe is managing the Machinga program, with input from Resource Star, and they have currently earned 20% equity through exploration expenditure. In a staged process Globe can earn up to 80% in the project by funding all activity up to and including a feasibility study.