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DGR GLOBAL LIMITED — Interim / Quarterly Report 2017
Jul 16, 2017
64771_rns_2017-07-16_4c163ee0-ca70-45e3-ae44-9b59a22aacb9.pdf
Interim / Quarterly Report
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QUARTERLY REPORT
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ACTIVITIES REPORT FOR THE JUNE 2017 QUARTER Highlights
DGR Global (ASX: DGR)
•The company remains focussed on new project generation (see later sections) and reviewing investment opportunities. DGR has repaid all outstanding loans during the June Quarter and repayment of the residual balance of the DGR loan to Armour Energy Ltd is expected during the coming quarter.
Armour Energy Ltd (ASX: AJQ) - DGR 23.34%, 75m shares
• Holds highly prospective whole basin oil and gas positions in Northern Territory and North West Qld covering 139,000 km², and a track record of exploration success.
• Acquired the petroleum resources, tenures, and production and transportation infrastructure of the former Origin Energy and Santos assets on the Roma Shelf ( Kincora Project ), with production of oil from the Emu Apple Well resumed[1,2] .
• Announces a 510% increase in 2C Contingent Resources and independently verified 2P petroleum reserves (net to Armour) at the Kincora Project³.
-
Welcomes M.H. Carnegie as a cornerstone investor in a progressive $50 million capital raising (Convertible Notes and Rights issue) to fully develop the Kincora Project[4] .
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Executes initial gas sales agreement with Australian Pacific LPG and pipeline connection agreement with APA Group to underpin restart at Kincora[5,6] .
• Wholly owned subsidiary Ripple Resources Pty Ltd emerges as a highly prospective lead-zinc explorer with extensive tenure in Northern Australia.
SolGold plc (LSE: SOLG) – DGR 13.47%, 204.1m shares
• Focus on high grade world class copper gold porphyry system at Cascabel in Ecuador. Cascabel is close to the capital and ports, is at low elevation, and has adequate water supplies and access to power.
• Assay results from 25 drill holes to date confirm discovery of a large scale, high grade porphyry system at the Alpala Prospect. Further significant long high grade drill intersections were announced to the London Stock Exchange during the last quarter and can be viewed on the LSE or SolGold company website. Hole 12 returned the longest and highest grade intercepts to date[7] .
• Strong copper gold surface mineralisation discovered at the Aguinaga and Trivino Prospects[8] , with Cascabel’s true potential beginning to emerge with 15 porphyry targets identified to date, seven of which are close to drill ready status[9] .
• Substantial treasury (USD 68 million) built to accelerate drilling and exploration after capital raisings that brought significant new shareholders Maxit Capital (Canada) and Newcrest (14.54%) on to the register[10] .
• SolGold granted 38 new Mineral Concessions in Ecuador to become the dominant explorer[11] .
• Dual listing on TSX in July 2017.
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DGR Share Price versus Net Tangible Assets - June 30 2017
40.0
35.0
30.0
25.0
20.0
15.0
10.0
5.0
0.0
CASH AND NET RECEIVABLES SOLG AJQ IRR ANW DHR OTHER
1
Cents per Share
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Highlights
IronRidge Resources Ltd (LSE: IRR)– DGR 26.07% 62.3m shares
• Highly prospective hematite rich iron targets evident in Tchibanga and Belinga Sud licence areas in Gabon – total tenure 5,400 km[2] . Tchibanga is less than 70 km from the port of Mayumba.
- Wholly owned subsidiary Eastern Exploration Pty Ltd discovers high grade Direct Shipping Ore (DSO) bauxite mineralisation at the Monogorilby project in Queensland, Australia and announces JORC compliant inferred maiden resource estimate[12] .
• Initial drilling program at the May Queen gold prospect near Monogorilby confirms historical data and delivers multiple significant gold intersections[13] .
• Pending acquisition of 100% of Tekton Minerals Pte. Ltd which has exclusive rights to an extensive land package and associated major new gold discoveries in Chad , Central Africa[14] .
• Secured highly prospective lithium tenements (and rights to acquire historic lithium resource) in Ghana , West Africa[15] and added right to acquire highly prospective primary “hard rock” lithium exploration license in Ivory Coast , West Africa[16] .
• Additional highly prospective lithium tenement secured adjacent to lithium tenements already held in Ghana[17] .
• Gains access to highly prospective gold portfolio (six tenements) in Ivory Coast, and adds a further three tenements to the package at the end of the quarter[18] .
• 100% owned local subsidiary secures three highly prospective lithium pegmatite exploration permits in Ivory Coast[19] .
• Subscription and placement raise additional £8.25 million to progress exploration[20] .
Dark Horse Resources Ltd (ASX: DHR) – DGR 24.32% 311.2m shares
• Significant advancement of the highly prospective Pico Coal Project (formerly called Nirihuau) in Rio Negro province in Argentina (DHR earning up to 75%).
• Progressing the development of a thermal power station at Pico to supply low-cost base-load power to the Rio Negro region and into the main Argentinian electricity supply network[21] .
• Plans for low cost coal production and sale to local industries within the San Juan province in Argentina ( Marayes Coal Project ).
• Expanded the company Argentinian focus with the acquisition of Oronegro SA, with exclusive rights to explore for lithium and other strategic minerals in San Luis and Cordoba provinces. Subsequently Oronegro enters an exclusive agreement to acquire the Las Tapias Mine, the principal historic spodumene mine in Argentina[22] .
• Completed sale of subsidiary NavGas Pty Ltd (includes 6 PELAs in South Australia and ATP1183 on the Roma Shelf in Qld.) to Lakes Oil NL (ASX:LKO) for shares in LKO to the equivalent of $20m. Dark Horse emerges as the holder of over 40% of LKO[23] .
• Enters Exclusive Agreement to acquire 85% of the Los Domos Gold Project in Santa Cruz province, Argentina which hosts a number of world class, multi-million-ounce gold deposits (including Cerro Negro and Cerro Vanguadia). Los Domos social license granted[24] .
Aus Tin Mining Limited (ASX: ANW)– DGR 21.77% 360.8m shares
• Becomes the second listed tin producer on the ASX with resumption of tin production at the Granville Tin Project in Tasmania, with extension approved by West Coast Council[25] .
• Maiden JORC resource estimate confirms Taronga as a world class tin project. The details of the resource (79% indicated) can be viewed on the ASX or on the company website.
• Metallurgical flow sheet completed for Taronga pre-feasibility study. Ore described as coarse grained, having simple metallurgy, and highly amenable to pre-concentration.
• Advancement of the Taronga Project with commitment to Stage
1 Development comprising trial mining and pilot plant operations. • Field work confirms high grade cobalt results from target extension at the Mt Cobalt Project in Qld, and drilling program confirms depth extensions of nickel and cobalt mineralisation[26] .
Auburn Resources (formerly Archer Resources) | 63% DGR owned
• Rejuvenation as a zinc-copper-gold-nickel-cobalt company exploring in Queensland.
- Potential for world class copper gold discoveries at Mt Abbott, Calgoa and Three Sisters Projects and large sulphide nickel cobalt copper discoveries at Hawkwood[27] .
• Exploration target defined for the Ban Ban Zinc Project – refer later section for details.
• Planning underway for IPO and ASX listing in October this year (subject to market conditions).
NEW OPPORTUNITIES:
Coolgarra Minerals | 100% DGR owned
• 2 Exploration Permits (EPMs) and 3 EPM applications for gold, nickel, cobalt and antimony in North Queensland
Pinnacle Gold | 94% DGR owned
• 5 EPMs for gold near Charters Towers have now been granted.
Albatross Bauxite | 100% DGR owned
- Wholly owned subsidary, with 4 granted EPMs for bauxite in southern Queensland.
Footnotes: see page 9.
DGR GLOBAL CREATES RESOURCE COMPANIES
DGR Global’s business is the creation of resource exploration development and mining companies. The business uses the skills of a core team of talented geoscientists to identify resource projects capable of yielding world class discoveries of attractive commodities.
This is achieved through:
- -The identification of commodities with a favourable 20year demand, growth and price outlook
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-Geological terranes with:
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A demonstrated strong endowment for that commodity
-
An under-explored history
• Opportunity for the application of recently developed exploration and metallurgy techniques to define economic resources
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Jurisdictions with improving socio-economic and regulatory frameworks
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Extensive available tenures
-
Existing data sets which provide the basis for novel reinterpretation
2
DGR GLOBAL CREATES RESOURCE COMPANIES
DGR Global provides initial seed funding and management support to secure these assets in subsidiaries and develop these assets to more advanced funding stages. The Company has a pipeline of projects in daughter companies at various stages of emergence, and in 2015 crystalised a significant return through the sale of its 15% holding in Orbis Gold for $26Million.
Further development of its holdings in AIM listed SolGold and IronRidge Resources and ASX listed AusTin Mining, Dark Horse Resources and Armour Energy and unlisted Auburn Resources are expected over the coming years.
DGR’s focus on provincial tenement positions covering entire sedimentary basins or structural blocks where possible, delivers capital, government and major resource corporate attention.
DGR Global holds key equity positions in its subsidary companies after listing. As shown in the DGR Global Group Corporate Structure (see Figure 1) at 30 June 2017, DGR Global holds:
-
22.34% Armour Energy Ltd (ASX:AJQ),
-
13.47% SolGold Plc (LSE:SOLG),
-
26.07% IronRidge Resources Ltd (LSE:IRR),
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21.57% Aus Tin Mining Ltd (ASX:ANW),
The previous resource exploration and funding activities of DGR’s key personnel underscore the opportunities provided by the DGR business model. DGR Global does not purchase its exploration projects. DGR’s in house generative capabilities gives the Company a strong competitive edge.
- 24.32% Dark Horse Resources (ASX:DHR).
Figure 2 demonstrates how DGR Global continues to build value for shareholders.
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SHARES
ASX DGR 570.5M
INVESTMENT SHARES INVESTMENT SHARES INVESTMENT SHARES INVESTMENT SHARES INVESTMENT SHARES
13.47% 204.1M 21.57% 360.8M [24.32%] 311.2M 26.07% 62.3M 22.34% 75M
LSE AIM SOLG ASX ANW ASX DHR LSE AIM IRR ASX AJQ
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Figure 1: DGR Global Group Corporate Structure at 30 June 2017
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3
Resource Company Factory
Figure 2: Company Creative Process
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Copper-Gold-Zinc-Nickel-Cobalt
Auburn Resources (formerly Archer) is focused on the discovery and development of copper, gold, nickel, cobalt and zinc deposits in Eastern Queensland.
The company holds a portfolio of 5 very prospective exploration project areas (including early-stage resources) with huge upside potential. The five project areas (shown in Figure 3) contain at least 16 prospects, with several drill ready targets.
As announced by DGR to the ASX on 3 July[27] , Auburn has delineated substantial nickel-copper-cobalt soil anomalies interpreted to be the tops of large sulphide deposits on several prospects in the north western section of the Hawkwood Project Area (see Figure 4). The central axis of the northernmost anomalies are up to 4,200 parts per million (ppm) nickel – 50 times background, with cobalt up to 1105 ppm and copper up to 1380 ppm (refer Figure 5). The Ni-Cu-Co has coincident gold, platinum and palladium typical of sulphide deposits (and not a characteristic of enrichment of silicates due to weathering processes). The prospects are zoned laterally with respect of these metals – typical of sulphides, and they do not have evidence of nickel silicates such as serpentinite. The prospects occur within a previously unexplored gabbro complex similar to Norilsk, Nova and Voiseys Bay (though of different geological age to Nova and Voiseys Bay), rather than in an ultrabasic complex rich in background nickel silicates. The iron rich laterites here are lower in nickel, copper and cobalt than the adjacent soils.
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Figure 3: Archer Resources Project Locations
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Figure 5 shows the size of the surface soil anomalies (refer scale bar), with the light green shading showing > 1000 ppm Ni, medium green > 1600 ppm Ni and dark green > 2000 ppm Ni.
The maximum soil values are: Nickel 4420 ppm – Copper 1380 ppm – Cobalt 1105 ppm – Platinum 0.049 ppm – Palladium 0.048 ppm – Gold 0.087 ppm.
Auburn currently has ten (10) copper gold prospects within the five project areas, including Main Top, Titi Creek and Nerangy Porphyry within the Hawkwood Project area. The following Figures 6 and 7 show just 2 of these prospects.
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Figure 4: Nickel Copper Cobalt Soil Anomalies within the Hawkwood Project Area
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Figure 5: Soil Sampling Grid across the Jack Shay Gabbro reveals five prospects – Red Hill – Western Plains – Jack Shay – Nerangy Gossans – Boundary
Auburn and DGR geoscientists have reviewed all the historical drill data for the Ban Ban Zinc Deposit held on MDL 409. The tenement has an orebody that has historically been deemed too small to be economic. For the first time, the historical drilling data has been digitised and modelled in modern powerful 3D software.
As shown in Figure 8, this reappraisal work has led to the identification of a drill ready exploration target at Ban Ban of approximately 2 million tonnes to approximately 5 million tonnes, grading approximately 7% zinc to approximately 10% zinc, and approximately 8 g/t silver to approximately 10 g/t of silver.
It should be noted that the potential grade and tonnage is conceptual in nature, there has been insufficient exploration to estimate a Mineral Resource, and that it is uncertain if future exploration will result in the estimation of an economic Mineral Resource. The Company is planning an exploration program to prove up the target in the next 12 months.
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5
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Figure 6: Hawkwood – Main Top Prospect Gabbro and Diorite hosted deposit south of the historically drilled Hawkwood Magnetite Deposit. Soils and Rock Chip Samples – high Cu Au Co Pt Pd anomalies
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Figure 7: Hawkwood – Titi Creek Prospect Copper Gold Porphyry with outer Gold Zinc Cobalt Zoning. Target – arcuate mag feature with numerous mineralised dykes. High gold grades in rock samples, lesser copper and low molybdenum
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Figure 8: Reinterpretation of Ban Ban lines of lode based on new soil and rock sampling and 3D modelling of historic drill data. MDL 409 showing soil sampling and historical drilling. Image: Total Magnetic Intensity (TMI)
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6
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As shown in Figure 9, Pinnacle Gold has now secured substantial and extensive gold exploration tenements south of Charters Towers, Qld. Most of the area is soil covered, with previous exploration efforts by earlier explorers largely confined to areas of outcrop and focussed on mapping and sampling known workings. Only two areas have been drilled.
No one has ever done a systematic geochemical survey yet the area clearly lies on potentially mineralising structures (Charters Towers – Black Jack – Mt Leyshon). It would appear that earlier explorers have been distracted by small high grade gold bearing quartz veins with no size potential. Significant steam anomalism (see Figure 10) may not all be due to “noise” from small veins.
After reviewing the historical exploration programs Pinnacle considers it is time to re-think how to explore this mostly soil covered area. Looking for large targets, Pinnacle will commence a field program of low gold detection limit soil lines on a grid pattern with infill gridding of any elevated results. Also, further investigation will be undertaken of some identified areas of high gold stream sediment geochemistry that have had limited follow up.
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Figure 9: Pinnacle Gold Exploration Holdings south of Charters Towers, QLD
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Figure 10: Overview of gold stream sediment geochemistry south of Charters Towers (compiled from historical data)
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Coolgarra Minerals holds 2 granted EPMs and 2 EPM applications south of Greenvale, Qld and one EPM application west of Theodore in Central Queensland as shown in Figure 11.
As announced to the ASX on 9 February, Coolgarra has identified several strong gold and cobalt targets during recent field work. The initial exploration program was focused around several historical small scale mining areas, in particular Wally’s Hope and Janelle’s Hope Prospects in the southern section of EPM 19270, and what is recorded as a long (several kilometres) stratabound gold occurrence in the northern section now referred to as Wade’s Prospect.
Figure 11: Coolgarra Minerals Exploration Tenements
Figure 12 is a satellite image of the southern section of EPM 19270 showing the soil grid lines, where each red diamond indicates a soil sample taken and assayed. A macro overview of the soil gold concentrations is evident by plotting the soil gold contours at >25 ppb (parts per billion), > 50 ppb, and > 100 ppb.
A highlight was a one metre wide surface exposure of nonveined sediments on the western side of the Wally’s Hope Prospect assaying 40.3 g/t gold (see Figure 13). The Wally’s Hope Prospect clearly presents several walk up gold drill targets which are accessible from existing tracks on the EPM. As evident from the underlying geology, the gold would seem to occur mainly as disseminations in calcareous sediments, and over several kilometres. The potential therefore exists for a large scale gold discovery.
Figure 14 shows an overview of the northern section of EPM 19270 on magnetic imagery. Again, the red diamonds indicates a soil sample taken and assayed. Stream sediments were also taken for cobalt, and several rock chip samples are shown by the blue dots. Coolgarra Minerals has an uncontested application for an exploration permit over the northern extension of the Wade’s Prospect where historical data suggests the gold mineralization continues stratabound for several kilometres beyond the recent exploration.
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Figure 12: Soil Sample Grid on southern section of EPM 19270
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Figure 13: High grade gold in non-veined sediments - western section
of Wally's Hope Prospect
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Figure 14: Wade's Prospect Soil Sample Grid on northern section of EPM 19270
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As revealed at the Wally’s Hope Prospect much further south, the soil sampling indicates that the gold occurs as disseminations within calcareous sediments.
The highest gold in soil recorded was 1.1 ppm, or 1.1 g/t. The company considers this to indicate “Carlin” style potential. Quartz veins did not return gold values over 0.3 g/t. Wade’s Prospect has equally demonstrated that it is highly prospective for cobalt. The soil sampling revealed extensive cobalt mineralization, with a maximum soil result of 0.13% Co.
To the north of the cobalt mineralized area revealed by the soil sampling, rock chip sampling of asbolite float assayed 1.1% Co, 0.13% Cu and 0.54% Ni.
As with the Wally’s Hope Prospect further south on EPM 19270, Wade’s Prospect clearly presents several walk up drill targets for gold and cobalt. DGR Global will now consider the forward exploration program and options for funding an initial drill campaign later in the year.
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Albatross Bauxite is a wholly owned subsidary of DGR Global Ltd, formed in 2011 with the purpose of exploring and acquiring bauxite resources for export. Albatross' initial efforts were focussed in Cape York Peninsula (near Albatross Bay).
Since the recent discoveries of high quality bauxite in southern Queensland, and as a result of familiarity with SE Queensland geology, Albatross has applied for exploration rights over known bauxite occurrences and prospective laterite terrains.
Albatross Bauxite now holds 4 granted EPMs in south east Central Qld, all prospective for bauxite (see Figure 15). EPM 25976 and EPM 25977 are located close to the Port of Bundaberg for potential export of bauxite to overseas markets. A field exploration program for these two EPMs is currently underway.
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Figure 15: Albatross Bauxite Exploration Tenements
9
Quarterly Report
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Directors
William Stubbs (Chairman) Nicholas Mather (Managing Director) Brian Moller Vincent Mascolo
Internet Address
All Company announcements, reports and presentations are posted on our website www.dgrglobal.com.au If you would like to receive news releases by email, please send an email to [email protected] with the subject line “email alerts” or register your details on our website by clicking “Contact Us” and entering your details.
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Company Secretary
Karl Schlobohm
Exploration Manager
Issued Capital
Neil Wilkins
At 30 June, DGR Global Ltd had the following securities on issue:
General Manager
- 570,511,877 ordinary shares
Greg Runge
Registered Office and Head Office
-
19.72 million (unlisted) 6.5 cent options expiring 30/09/17
-
22.95 million (unlisted) 6.5 cent options expiring 25/11/17
Shareholding Enquiries
DGR Global Limited
Level 27, 111 Eagle Street Brisbane QLD 4000 Phone: +61 7 3303 0680 Fax: +61 7 3303 0681 Website: www.dgrglobal.com.au
Australian Stock Exchange (“ASX”)
ASX Code: DGR (Ordinary shares)
Link Market Services Limited manages DGR Global Ltd’s share registry.If you would like to monitor your shareholding online, you can do so by visiting Link Market Services website.
Link Market Services Limited Locked Bag A14 SYDNEY Phone: 1300 554 474
| Australian Business Number | |
|---|---|
| ABN 67 052 354 837 | |
| Footnotes: | |
| 1 AJQ ASX Releases 18/7, 21/7, 22/8 and 22/9/16 |
2 AJQ ASX Release 9/12/16 |
| 3 AJQ ASX Release 19/7/16, 3/4/17 |
4 AJQ ASX Releases 21/11,16/12/16 and 30/5/17 |
| 5 AJQ ASX Release 22/12/16 |
6 AJQ ASX Release 6/3/17 |
| 7 SOLG LSE:AIM Release 20/10/16 |
8 SOLG LSE:AIM Releases 3/11 and 9/12/15 |
| 9 SOLG LSE:AIM Release 6/7/16 |
10 SOLG LSE:AIM Releases 13/10, 17/10/16, 16/6/17 |
| 11 SOLG LSE:AIM Release 30/5/17 |
12 IRR LSE:AIM Releases 15/12/15, 20/7/16 |
| 13 IRR LSE:AIM Releases 20/9, 22/9 and 4/11/16 |
14 IRR LSE:AIM Releases 12/8, 1/9/16, 23/2, 12/6/17 |
| 15 IRR LSE:AIM Releases 6/9/16, 23/5, 14/6/17 |
16 IRR LSE:AIM Releases 13/9/16, 9/6/17 |
| 17 IRR LSE:AIM Release 20/10/16 |
18 IRR LSE:AIM Releases 5/1, 28/3, 12/4, 20/4/17 |
| 19 IRR LSE:AIM Release 25/1/16 |
20 IRR LSE:AIM Release 30/6/17 |
| 21 DHR ASX Releases 12/1,16/9/16, 9/3, 2/6/17 |
22 DHR ASX Releases 26/7, 15/8,5/10/16, 6/4/17 |
| 23 DHR ASX Releases 28/11/16, 18/1, 7/4/17 |
24 DHR ASX Releases 22/11, 16/12/16, 8/5, 13/6/17 |
| 25 ANW ASX Releases 19/10, 21/12/16, 21/6/17 |
26 ANW ASX Releases 5/7, 18/8, 17/10, 23/11/16, 31/3/17 |
| 27 DGR ASX Releases 3/7, 5/7/17 |
Exploration and Mining Tenements
DGR Global interests in mining and exploration tenements at the end of the Quarter are as shown in the attached Appendix.
Competent Persons Statement
The information in this report that relates to Exploration Results and Exploration Targets is based on information compiled by Nicholas Mather B.Sc (Hons) Geol., who is a Member of the Australian Institute of Mining and Metallurgy. Mr Mather is employed by Samuel Holdings Pty Ltd which provides certain consultancy services including the provision of Mr Mather as the Managing Director of DGR Global Ltd and a Director of its subsidiaries and associates. Mr Mather has sufficient experience which is relevant to the style of mineralisation and type of deposit being reported and to the activity which is he undertaking to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’ (the JORC Code). Mr Mather has consented in writing to the inclusion in this report of the matters based on information in the form and context in which it appears.
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10
Appendix
30-June-2017
DGR Global - Group Mining and Exploration Tenements
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Tenement Type Principal Holder Location
ML 3678 Mining Lease DGR Global Limited Qld, Australia
ML 3741 " " Qld, Australia
ML 3749 " " Qld, Australia
ML 3752 " " Qld, Australia
ML 3753 " " Qld, Australia
ML 50059 " " Qld, Australia
ML 50099 " " Qld, Australia
ML 50148 " " Qld, Australia
MDL 409 Mineral Development Licence " Qld, Australia
EPM 25976 Exploration Permit for Minerals Albatross Bauxite Pty Ltd¹ Qld, Australia
EPM 25977 " " Qld, Australia
EPM 25983 " " Qld, Australia
EPM 26000 " " Qld, Australia
EPM 19379 " Archer Resources Limited² Qld, Australia
EPM 25266 " " Qld, Australia
EPM 25607 " " Qld, Australia
EPM 25948 " " Qld, Australia
EPM 26012 " " Qld, Australia
EPM 26013 " " Qld, Australia
EPM 26023 " " Qld, Australia
EPM 26245 " " Qld, Australia
EPM 26248 " " Qld, Australia
EPM 15134 " Barlyne Mining Pty Ltd³ Qld, Australia
EPM 18451 " " Qld, Australia
EPM 19087 " " Qld, Australia
EPM26274 " " Qld, Australia
EPM 19270 " Coolgarra Minerals Pty Ltd⁴ Qld, Australia
EPM 26265 " " Qld, Australia
EPM 26382 " " Qld, Australia
EPM 19625 " Pinnacle Gold Pty Ltd⁵ Qld, Australia
EPM 25525 " " Qld, Australia
EPM 25963 " " Qld, Australia
EPM 25964 " " Qld, Australia
EPM 25965 " " Qld, Australia
EPM 25966 " " Qld, Australia
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Notes
1 100% owned by DGR Global 2 63% owned by DGR Global 3 100% owned by Archer Resources 4 100% owned by DGR Global 5 94% owned by DGR Global
Legend
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Granted or acquired during the quarter
Change in Ownership % (eg: Farm-in) or transfer during the quarter
Surrendered, Expired or Sale/Disposal during the quarter