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PRODIGY GOLD NL — Fund Information / Factsheet 2008
Sep 8, 2008
65615_rns_2008-09-08_27bf90ab-418e-4bde-9a82-4c51951c2ab6.pdf
Fund Information / Factsheet
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9 September 2008 ASX CODE: ABU
The Announcements Office Australian Stock Exchange Ltd Level 3, 20 Bridge Street SYDNEY NSW 2000
By ASX Online Transmission
Dear Sir,
Please find attached a Company Profile of the Company. This profile is being made available to brokers and investors in Melbourne and Sydney on 8th and 9th of September 2008.
Yours faithfully
Jutta Zimmermann Company Secretary
ABM RESOURCES NL COMPANY PROFILE
OVERVIEW
ABM (ASX: ABU) is a diversified exploration company focused on delineating significant mineral deposits. Key prospects are an advanced zinc rich base metals VMS discovery at Erayinia south east of Kalgoorlie and the highly prospective Mimosa gold project in the Manica/Mutare/Odzi Archaean greenstone belt where the first ever drilling program has recently been completed. Assays are currently awaited at both flagship projects. Other projects target gold, copper and lead/zinc.
| CAPITAL STRUCTURE | Shares on issue at 4 Sept 08:Share price at 4 Sept 08:Market cap:Net cash as at 30 June 08: | 562.2M$0.025$14.1M$ 2.0M |
|---|---|---|
| SIGNIFICANT SHAREHOLDERS: | Firebird Global Master FundOceanic Asset Mgt Pty LtdJemaya Pty Ltd | 11.7%8.7%8.0% |
KEY ASSETS
The Erayinia JV zinc rich VMS discovery with a 40 km strike length of prospective virtually untested greenstone belt contains 25 targets. Resource drilling is underway at the King prospect. Recent diamond program completed and assays awaited from sulphide rich intersections.
Mimosa Mozambique JV gold prospect located in the Manica Mutare Odzi Archaean greenstone belt. First drilling recently completed with initial assays from 5 RC holes with best results of 4m @ 8.71g/t. Further RC and diamond drill assays awaited from this program.
Broads Dam JV gold project located on Zuleika Shear in close proximity to gold producing mines in WA. Exploration planned in 2009.
INVESTMENT HIGHLIGHTS
- Earned 70% interest in Erayinia JV, strike length at resource target King extended to 650 metres, two lenses discovered at King, resource drill out underway
- Earned 67% interest in Mimosa gold project
- Entered into a JV on Broads Dam gold project on Zuleika Shear a known gold producing area
- Share Purchase Plan to be completed 23 September 2008
MILESTONES AND FUTURE NEWS FLOW
Erayinia:
- Impending assay results from recently competed diamond drilling program
- Resource drill out at King prospect at Erayinia
- Initial resource estimate at King
- Testing of other targets at Erayinia
Mimosa:
- Assays from first RC and diamond drilling program during September 2008
- Mapping and trenching with assay results
- Planned follow up drilling program
KEY CONTACTS
| Imants Kins Executive Chairman | Bus: (08) 9423-9777 | Mobile: 0438 359 705 |
|---|---|---|
| Website: | www.abmresources.com.au |


Artisanal Working Site at Mimosa Mozambique Project Location
