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STRIKE RESOURCES LIMITED — Interim / Quarterly Report 2014
Jan 30, 2014
65855_rns_2014-01-30_2322d706-9090-4c83-9a65-a3a122e9c1b9.pdf
Interim / Quarterly Report
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31January 2014
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Quarterly Report
Strike Resources Limited (ASX: SRK, “Strike” or “the Company”) is pleased to present the Quarterly Report for the period ended 31 December 2013.
Overview
-
The Company’s core focus is to validate Apurimac’s potential for additional Iron ore resources, to support the establishment of a significant iron ore operation. This effort is supported by the solid foundation of the existing JORC mineral resources of 269.4Mt of iron ore at an average grade of 57.3% iron[†] .
-
Field work mostly complete on Opaban Environmental Impact Assessment (EIA) study.
-
Transport, crushing and sale commenced of first iron ore from pilot small scale mining project at Apurimac.
-
During the quarter Strike issued a demand notice to Cuervo Resources Inc. ("Cuervo") for C$5.25 million plus interest, relating to the development of the Cuervo operated Cerro Ccopane project.
-
Previous studies at Cerro Ccopane Project put total JORC mineral resources at 395.6 Mt at an average grade of 43.8% iron[†] .
-
As at 31 December 2013, the Company’s cash balance stood at A$12.2 million. The Company estimates that the current capital base is sufficient to support significant exploration and development activities in Peru over the next 12-18 months.
-
Subsequent to the end of the quarter, Strike further strengthened the Board with the appointment of Mr Victor Ho as a non-executive director, and Mr Farooq Khan as his alternate. Both Mr Ho and Mr Khan have extensive experience in the successful growth and management of listed ASX companies.
ABOUT STRIKE:
Strike Resources is an ASX listed iron ore project developer, focused on the high grade Apurimac magnetite project in Peru.
Apurimac is 100% owned by Strike and has the potential to support the establishment of a significant iron ore operation, based on some of the highest magnetite grades in the world.
In the near term, Strike intends to expand the resource base at Apurimac significantly.
Alongside Apurimac, Strike holds the Cusco Iron Ore Project, and an interest in the Cerro Ccopane project, both of which are also magnetite projects in Peru.
Strike is well funded to meet its objectives, with significant cash in hand to progress the Apurimac project.
"Whilst the Company continues to strengthen its relationship with key communities In the Apurimac region, we have also begun to investigate the possibility of working with the community miners currently on our concessions to commence a small scale iron ore business, using trucks to transport ore to local buyers and exporters at the coast. If successful, this could provide an early opportunity to generate some cashflow for the Company from its extensive portfolio of iron ore concessions in Peru."
Strike Resources Managing Director, Mr William Johnson.
† This information was prepared and first disclosed under the JORC Code 2004. It has not been updated since to comply with the JORC Code 2012 on the basis that the information has not materially changed since it was last reported.
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Strike Resources Limited (ABN 94 088 488 724)
Registered Office: Level 11, 216 St Georges Terrace, Perth Western Australia 6000
web: www.strikeresources.com.au email: [email protected]
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Quarterly Report for the period ended 31December 2013
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Projects
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Apurimac
Apurimac is the Company’s flagship project and work continued during the quarter towards to validating Apurimac’s potential for additional Iron ore resources, to support the establishment of a significant iron ore operation. This effort is supported by the solid foundation of the existing JORC mineral resources of 269.4Mt of iron ore at an average grade of 57.3% iron.
During the quarter field work was undertaken on the Environmental Impact Assessment (EIA) study at the Opaban concessions (Opaban 1, Opaban 3 and Christoforo 22) which is necessary in order for drilling to re-commence at these concessions. The field work is now mostly complete and a report is being prepared for submission to the relevant government authorities. Prior to submission, additional rounds of community consultation will be required.
Fieldwork for Environmental Impact Assessment at Opaban
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Strike Resources Limited (ABN 94 088 488 724)
Registered Office: Level 11, 216 St Georges Terrace, Perth Western Australia 6000
web: www.strikeresources.com.au email: [email protected]
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Quarterly Report for the period ended 31December 2013
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The Company continued to support the local communities during the quarter, with economic and technical support towards a number of social and infrastructure initiatives. These included the digging of a new irrigation canal, construction of school sports fields, local churches and a local primary school. The Company also provided sponsorship for community Christmas festivities.
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Christmas festivities.
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Community members digging an Irrigation channel, funded by Strike
Iron Ore Sales
The Company commenced the transport and sale of its first iron ore during the December quarter having received a purchase order from a local steel plant for 5,000 tonnes of high grade ore.
Approximately 8,000 tonnes of ore has been mined from surface outcrops from one of the Company’s concessions by 'informal' community members, using an excavator. The Company bought the ore from the community miners and is In the process of transporting the ore to a crushing plant operated by a third party near the coastal town of Pisco in Southern Peru. Once crushed, the ore will be sold to a local steel plant for use in their blast furnace to produce steel for the domestic market.
The Company is using the sale of this mined ore as a pilot operation for potentially establishing a regular supply of ore to this steel plant and for export.
Regulations in Peru allow for small scale mining by 'informal' miners, so long as they have taken certain steps to move from being classified 'informal' to 'formal' miners. The Company is working with a number of such groups of informal miners wishing to formalise their operations and mine iron ore from its concessions.
The Company is evaluating the economic potential of supporting these community miners to mine small quantities of ore from its concessions, with the objective being to generate a sustainable supply of ore for the local market and for export.
If successful, the Company could potentially generate some income from the sale of iron ore from its concessions in a much shorter timeframe than previously anticipated.
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Strike Resources Limited (ABN 94 088 488 724)
Registered Office: Level 11, 216 St Georges Terrace, Perth Western Australia 6000
web: www.strikeresources.com.au email: [email protected]
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Quarterly Report for the period ended 31December 2013
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Cusco
The Cusco project lies approximately 150km to the south - east of Apurimac and forms an attractive secondary development target for the Company in Peru.
Like Apurimac, iron ore mineralisation at the project is coarse grained and dominated by magnetite, with high grades recorded. Preliminary metallurgical tests indicate a concentrate grade of >65% Fe can be produced from this ore using conventional grinding and magnetic separation processes.
An initial inferred resource estimate of 104Mt at 32.6% Fe is recorded for the Project, which has the scope for upgrade following further exploration work (including drilling) which would support re-evaluation of the resource methodology.
No work was undertaken on the Cusco project during the quarter as the Company continues to focus on first progressing Apurimac.
Cerro Ccopane (operated by Cuervo Resources Inc)1
The Cerro Ccopane project, located approximately 150km to the south - east of Apurimac, is operated by Canadian listed company Cuervo Resources Inc ("Cuervo").
On December 11, 2013 Strike announced it had issued a demand notice for C$5,250,000 plus applicable interest to Cuervo in respect of the Investment Agreement between the two Companies, relating to the financing of the Cerro Ccopane project. The demand notice was issued following Strike's concerns regarding the solvency of Cuervo and events of default occurring under the current agreements between the companies.
Strike also issued a notice of its intention to enforce its security held over 90% of the shares of the Peruvian company holding the key assets of the project, if the full amount owed to Strike was not paid by December 16, 2013. To date no further action has been undertaken.
Cash Position
As at 31 December 2013, the Company’s cash balance stood at $12.2 million. This gives Strike a robust capital base to progress the Apurimac exploration target.
The Company estimates that the current capital base is sufficient to support significant exploration and development activities in Peru over the next 12-18 months, depending on the speed of required approvals for certain exploration activities.
Corporate
Post the end of the quarter, the Company announced the appointment of Mr Victor Ho to the Board as a Non-Executive Director and Mr Farooq Khan as an alternate Director for Mr Ho.
Mr Ho has been in executive roles with a number of public listed companies since 2000.
Previously, Mr Ho had 9 years’ experience in the taxation profession with the Australian Tax Office and in a specialist tax law firm. Mr Ho has extensive experience in the structuring and execution of commercial and corporate transactions, capital raisings, capital management matters, public company administration, corporations’ law, stock exchange compliance and shareholder relations.
1 Strike has advanced Cuervo C$5.25M to fund the Stage 1 drilling and exploration program and, in return, was issued warrants that can be converted to 31.5% of Cuervo’s shares on an undiluted basis, at C$0.30 per share. Strike holds a share pledge (similar to a share mortgage) over 90% of the shares in Cuervo’s 100%owned Peruvian subsidiary that, in turn, owns Cuervo's concessions. Upon Cuervo validly estimating a 500 Mt inferred resource across its Cerro Ccopane Project, this security is reduced so as to cover only 45% of those shares.
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Strike Resources Limited (ABN 94 088 488 724)
Registered Office: Level 11, 216 St Georges Terrace, Perth Western Australia 6000
web: www.strikeresources.com.au email: [email protected]
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Quarterly Report for the period ended 31December 2013
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Mr Ho is currently Executive Director of Orion Equities Limited (ASX: OEQ), a 11% shareholder in the Company, and Executive Director of Queste Communications Ltd (ASX: QUE).
Mr Khan is a qualified lawyer having previously practised principally in the field of corporate law.
Mr Khan has extensive experience in the securities industry, capital markets and the executive management of ASX-listed companies. In particular, Mr Khan has guided the establishment and growth of a number of public listed companies in the investment, mining and financial services sectors. He has considerable experience in the fields of capital raisings, mergers and acquisitions and investments.
Mr Khan is currently Executive Chairman of Bentley Capital Limited (ASX: BEL), Executive Chairman of Orion Equities Limited (ASX: OEQ) and Executive Chairman and Managing Director of Queste Communications Ltd (ASX: QUE).
-ENDS-
For further information, please contact:
Peru: Australia: William Johnson Shane Murphy – Media & Investor Relations Managing Director FTI Consulting Strike Resources +61 8 9485 8888 Tel: +(511) 715-8090 +61 420 945 291 [email protected] [email protected]
The information in respect to mineral resources and other exploration results at Cerro Ccopane is extracted from the report entitled " Cerro Ccopane Resource and Funding Update " released by Strike to the ASX on 30 July 2013 and available at www.strikeresources.com.au. The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement. The company confirms that the form and context in which the Competent Peron's findings are presented have not been materially modified from the original market announcement.
JORC Code (2004) Competent Person Statement - Apurimac and Cuervo
The information in this document that relates to exploration results and mineral resources In respect of the Apurimac and Cuervo projects has been compiled by Mr Ken Hellsten, B.Sc. (Geology), who is a consultant to Strike Resources Ltd and is a Fellow of the Australasian Institute of Mining and Metallurgy. Mr Hellsten has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the “Australasian Code for Reporting of Mineral Resources and Ore Reserves” (the JORC Code). Mr Hellsten consents to the inclusion in this document of the matters based on this information in the form and context in which it appears.
This information in respect of Apurimac and Cuervo was prepared and first disclosed under the JORC Code 2004. It has not been updated since to comply with the JORC Code 2012 on the basis that the information has not materially changed since it was last reported
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Strike Resources Limited (ABN 94 088 488 724)
Registered Office: Level 11, 216 St Georges Terrace, Perth Western Australia 6000
web: www.strikeresources.com.au email: [email protected]
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Quarterly Report for the period ended 31December 2013
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Appendix 1 - Apurimac and Cusco mineral resources
Apurimac
The Apurimac project has a JORC resource of 269.4 Mt, consisting of:
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a 142.2 Mt Indicated Mineral Resource at 57.8% Fe; and
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a 127.2 Mt Inferred Mineral Resource at 56.7% Fe.
Combined Mineral Resources for Opaban 1 and Opaban 3
| Category Project |
Density t/m3 Mt |
Fe% **SiO2% ** |
Al2O3% P% |
S% |
|---|---|---|---|---|
| Inferred | 4 127.19 |
56.7 9.66 |
2.7 0.04 |
0.2 |
| Indicated Opaban 1 |
4 133.71 |
57.57 9.46 |
2.54 0.04 |
0.12 |
| Indicated Opaban 3 |
4 8.53 |
62.08 4.58 |
1.37 0.07 |
0.25 |
| Totals | 269.4 | 57.3 9.4 |
2.56 0.04 |
0.16 |
Cusco
| Category Project |
Density t/m3 Mt* |
Fe% **SiO2% ** |
Al2O3% P% |
S% |
|---|---|---|---|---|
| Inferred Santo Tomas |
4 104.4 |
32.62 0.53 |
3.19 0.035 |
0.53 |
| Totals | 104.4 | 32.62 0.53 |
3.19 0.035 |
0.53 |
Cerro Ccopane
| Bob1 New Resources |
Tonnes (Mt) | Iron (%) | SiO2 (%) | Al2O3 (%) | P (%) | S% |
|---|---|---|---|---|---|---|
| Inferred | 217.0 | 40.2 | 21.6 | 5.0 | 0.08 | 2.2 |
| Cerro Ccopane New Total2 Inferred Indicated Measured |
Tonnes (Mt) | Iron (%) |
|---|---|---|
| 340.0 35.9 19.7 |
43.3 45.9 48.3 |
|
| Total | 395.6 | 43.8 |
2 Although a full suite of elementary analyses were completed on all drilling at Cerro Ccopane the resources apart from Bob1 (Golder) were not estimated for SiO2, Al2O3, or P and S grade estimates were completed only for Orcopura and Bob1 (Golder) resources.
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Strike Resources Limited (ABN 94 088 488 724)
Registered Office: Level 11, 216 St Georges Terrace, Perth Western Australia 6000
web: www.strikeresources.com.au email: [email protected]
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Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report
Rule 5.5
Appendix 5B
Mining exploration entity and oil and gas exploration entity quarterly report
Introduced 01/07/96 Origin Appendix 8 Amended 01/07/97, 01/07/98, 30/09/01, 01/06/10, 17/12/10, 01/05/2013
Name of entity
STRIKE RESOURCES LIMITED AND ITS CONTROLLED ENTITIES
| ABN 94 088 488 724 |
Quarter ended (“current quarter”) |
|---|---|
| 94 088 488 724 | 31 December 2013 |
Consolidated statement of cash flows
| Cash flows related to operating activities 1.1 Receipts from product sales and related debtors 1.2 Payments for (a) exploration & evaluation (b) development (c) production (d) administration 1.3 Dividends received 1.4 Interest and other items of a similar nature received 1.5 Interest and other costs of finance paid 1.6 Income taxes paid 1.7 Other (provide details if material) Net Operating Cash Flows |
Current quarter $A’000 |
Year to date (6 months) $A’000 |
|---|---|---|
| - (432) - - (856) - 100 - - - |
- (888) - - (1,587) - 241 - - - |
|
| (1,188) | (2,234) | |
| Cash flows related to investing activities 1.8 Payment for purchases of: (a) prospects (b) equity investments (c) other fixed assets 1.9 Proceeds from sale of: (a) prospects (b) equity investments (c) other fixed assets 1.10 Loans to other entities 1.11 Loans repaid by other entities 1.12 Other (provide details if material) Net investing cash flows 1.13 Total operating and investing cash flows (carried forward) |
- - - - - 1 - - - |
- - - - - 1 - - - |
| 1 | 1 | |
| (1,187) | (2,233) |
- See chapter 19 for defined terms.
01/05/2013 Appendix 5B Page 1
Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report
| 1.13 Total operating and investing cash flows (brought forward) |
(1,187) | (2,233) |
|---|---|---|
| Cash flows related to financing activities 1.14 Proceeds from issues of shares, options, etc. 1.15 Proceeds from sale of forfeited shares 1.16 Proceeds from borrowings 1.17 Repayment of borrowings 1.18 Dividends paid 1.19 Other (provide details if material) Net financing cash flows |
- - - - - - |
- - - - - - |
| - | - | |
| Net increase (decrease) in cash held 1.20 Cash at beginning of quarter/year to date 1.21 Exchange rate adjustments to item 1.20 1.22 Cash at end ofquarter |
(1,187) 13,338 63 |
(2,233) 14,415 32 |
| 12,214 | 12,214 |
Payments to directors of the entity, associates of the directors, related entities of the entity and associates of the related entities
| 1.23 1.24 |
Aggregate amount of payments to the parties included in item 1.2 Aggregate amount of loans to the parties included in item 1.10 |
Current quarter $A'000 |
|---|---|---|
| 148 | ||
| - | ||
| 1.25 | Explanation necessaryfor an understandingof the transactions | |
| 1.23 includes director’s fees and salaries for executive and non-executive d | irectors |
Non-cash financing and investing activities
| 2.1 2.2 |
Details of financing and investing transactions which have had a material effect on consolidated assets and liabilities but did not involve cash flows |
|---|---|
| Nil | |
| Details of outlays made by other entities to establish or increase their share in projects in which the reportingentityhas an interest |
|
| Nil |
- See chapter 19 for defined terms.
Appendix 5B Page 2
01/05/2013
Appendix 5B
Mining exploration entity and oil and gas exploration entity quarterly report
Financing facilities available
Add notes as necessary for an understanding of the position.
| Amount available | Amount used | ||||
|---|---|---|---|---|---|
| $A’000 | $A’000 | ||||
| 3.1 | Loan facilities | ||||
| - | - | ||||
| 3.2 | Credit standby arrangements | ||||
| - | - |
Estimated cash outflows for next quarter
-
$A’000
-
4.1 Exploration and evaluation 500
-
4.2 Development -
-
4.3 Production -
-
4.4 Administration 750
-
Total 1,250
Reconciliation of cash
| Reconciliation of cash at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts is as follows. |
Current quarter $A’000 |
Previous quarter $A’000 |
|---|---|---|
| 5.1 Cash on hand and at bank 5.2 Deposits at call 5.3 Bank overdraft 5.4 Other (provide details) |
1,278 | 902 |
| 10,936 | 12,436 | |
| - | - | |
| - | - | |
| Total: cash at end of quarter(item 1.22) | 12,214 | 13,338 |
- See chapter 19 for defined terms.
01/05/2013 Appendix 5B Page 3
Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report
Changes in interests in mining tenements and petroleum tenements
| 6.1 Interests in mining tenements and petroleum tenements relinquished, reduced or lapsed 6.2 Interests in mining tenements and petroleum tenements acquired or increased |
Tenement reference and location |
Nature of interest (note (2)) |
Interest at beginning ofquarter |
Interest at end of quarter |
|---|---|---|---|---|
| Nil | ||||
| Nil |
Issued and quoted securities at end of current quarter Description includes rate of interest and any redemption or conversion rights together with prices and dates.
| Total number | Number quoted | Issue price per security (see note3) (cents) |
Amount paid up per security (see note3) (cents) |
|
|---|---|---|---|---|
| 7.1 Preference +securities (description) 7.2 Changes during quarter (a) Increases through issues (b) Decreases through returns of capital, buy- backs, redemptions |
||||
| 7.3 +Ordinary securities 7.4 Changes during quarter (a) Increases through issues (b) Decreases through returns of capital, buy- backs |
145,334,268 | 145,334,268 | ||
| 7.5 +Convertible debt securities (description) |
- See chapter 19 for defined terms.
Appendix 5B Page 4
01/05/2013
Appendix 5B
Mining exploration entity and oil and gas exploration entity quarterly report
| 7.6 Changes during quarter (a) Increases through issues (b) Decreases through securities matured, converted |
||||
|---|---|---|---|---|
| 7.7 Options Director options Director options Director options Director options Director options Director options Director options 7.8 Issued during quarter 7.9 Exercised during quarter 7.10 Expired during quarter |
500,000 500,000 500,000 916,666 916,666 916,668 3,000,000 |
Exercise price 36.0 cents 42.0 cents 56.0 cents 36.0 cents 42.0 cents 56.0 cents 30.0 cents |
Expiry date 23 November 2016 23 November 2016 23 November 2016 23 November 2016 23 November 2016 23 November 2016 17 June 2018 |
|
| 7.11 Debentures (totals only) |
||||
| 7.12 Unsecured notes(totals only) |
Compliance statement
-
1 This statement has been prepared under accounting policies which comply with accounting standards as defined in the Corporations Act or other standards acceptable to ASX (see note 5).
-
2 This statement does /does not* (delete one) give a true and fair view of the matters disclosed.
Sign here: Date: 31 January 2014 Managing Director
Print name: William Johnson
- See chapter 19 for defined terms.
01/05/2013 Appendix 5B Page 5
Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report
Notes
-
1 The quarterly report provides a basis for informing the market how the entity’s activities have been financed for the past quarter and the effect on its cash position. An entity wanting to disclose additional information is encouraged to do so, in a note or notes attached to this report.
-
2 The “Nature of interest” (items 6.1 and 6.2) includes options in respect of interests in mining tenements and petroleum tenements acquired, exercised or lapsed during the reporting period. If the entity is involved in a joint venture agreement and there are conditions precedent which will change its percentage interest in a mining tenement or petroleum tenement, it should disclose the change of percentage interest and conditions precedent in the list required for items 6.1 and 6.2.
-
3 Issued and quoted securities The issue price and amount paid up is not required in items 7.1 and 7.3 for fully paid securities .
-
4 The definitions in, and provisions of, AASB 6: Exploration for and Evaluation of Mineral Resources and AASB 107: Statement of Cash Flows apply to this report.
-
5 Accounting Standards ASX will accept, for example, the use of International Financial Reporting Standards for foreign entities. If the standards used do not address a topic, the Australian standard on that topic (if any) must be complied with.
== == == == ==
- See chapter 19 for defined terms.
Appendix 5B Page 6
01/05/2013
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Quarterly Report for the period ended 31December 2013
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ASX Listing Rule 5.3.3 - Details of Strike Resources Tenements Held at 31 December.
Note: No tenements were acquired or disposed of during the quarter. No farm in or farm out agreements are in effect.
Perú (Strike - 100%)
Apurimac Project tenements
| Apurimac Project tenements | Apurimac Project tenements | Apurimac Project tenements | Apurimac Project tenements | Apurimac Project tenements | Apurimac Project tenements |
|---|---|---|---|---|---|
| Name | Area (Ha) | Province | Code | Title | File No |
| (1) Opaban I | 999 | Andahuaylas | 05006349X01 | No 8625-94/RPM Dec 16, 1994 | 20001465 |
| (2) Opaban III | 990 | Andahuaylas | 05006351X01 | No 8623-94/RPM Dec 16, 1994 | 20001464 |
| (3) Los Andes I | 999 | Andahuaylas | 05006372X01 | No 0134-95-RPM Jan 31, 1995 | 200001481 |
| (4) Pitumarca II | 1,000 | Andahuaylas | 05006385X01 | No 8686-94-RPM Dec 22, 1994 | 20001478 |
| (5) Lucrecia Esperanza |
|||||
| 66 | Andahuaylas | 01-00649-99 | No 00623-2001-INACC/J Jul 26, 2001 | 11032475 | |
| (6) Nueva Oropampa 6 |
|||||
| 400 | Andahuaylas | 01-00860-99 | No 04043-2000-RPM Oct 13, 2000 | 11032603 | |
| (7) Mapsa 2001 | 800 | Andahuaylas | 01-01204-01 | No 00590-2002-INACC/J Apr 8, 2002 | 11032600 |
| (8) Coriminas II | 1,000 | Andahuaylas | 01-01624-99 | No 02760-2000-RPM Jul 25, 2000 | 11032965 |
| (9) Coriminas V | 1,000 | Andahuaylas | 01-01626-99 | No 0936-00-RPM Mar 16, 2000 | 20003140 |
| (10) Ferrum 1 | 965 | Andahuaylas | 01-02983-04 | No 00228-2005-INACC/J Jan 19, 2005 | 11053798 |
| (11) Ferrum 2 | 1,000 | Andahuaylas | 01-02984-04 | No 00227-2005-INACC/J Jan 19, 2005 | 11053836 |
| (12) Ferrum 3 | 1,000 | Andahuaylas | 01-02985-04 | No 00229-2005-INACC/J Jan 19, 2005 | 11053807 |
| Andahuaylas/ Aymaraes |
|||||
| (13) Ferrum 4 | 1,000 | 01-02986-04 | No 00230-2005-INACC/J Jan 19, 2005 | 11053810 | |
| (14) Ferrum 5 | 959 | Aymaraes | 01-02987-04 | No 00323-2005-INACC/J Jan 25, 2005 | 11053816 |
| (15) Ferrum 7 | 437 | Aymaraes | 01-02989-04 | No 00396-2005-INACC/J Jan 27, 2005 | 11053822 |
| (16) Ferrum 8 | 900 | Andahuaylas | 01-02990-04 | No 00232-2005-INACC/J Jan 19, 2005 | 11053827 |
| (17) Ferrum 9 | 1,000 | Aymaraes | 01-02991-04 | No 00326-2005-INACC/J Jan 25, 2005 | 11053830 |
| (18) Ferrum 10 | 1,000 | Aymaraes | 01-02992-04 | No 00325-2005-INACC/J Jan 25, 2005 | 11053833 |
| (19) Ferrum 11 | 1,000 | Aymaraes | 01-02993-04 | No 02512-2005-INACC/J Jun 16, 2005 | 11053835 |
| (20) Ferrum 13 | 600 | Andahuaylas | 01-03139-06 | No 4416-2006-INACC/J Oct 16, 2006 | 11061068 |
| (21) Ferrum 26 | 827 | Andahuaylas | 01-02274-07 | No 000853-2007-INGEMMET/PCD/PM Sept 7, 2007 | 11073793 |
| (22) Ferrum 27 | 1,000 | Andahuaylas | 01-02629-07 | No 000581-2007-INGEMMET/PCD/PM Sept 5, 2007 | 11073799 |
| (23) Ferrum 36 | 1,000 | Andahuaylas | 10553307 | RP 0176-2008-INGEMMET/PCD/PM Feb 29, 2008 | 11075418 |
| (24) Cristoforo 22 | 379 | Andahuaylas | 01-01656-02 | RP2849-2007-INGEMMET/PCD/PM Dec 13, 2007 | 11067786 |
| (25) Ferrum 28 | 1,000 | Andahuaylas | 10507407 | RP0601-2008-INGEMMET/PCD/PCM Mar 07, 2008 | 11075423 |
| (26) Ferrum 29 | 1,000 | Andahuaylas | 10507507 | RP0365-2008-INGEMMET/PCD/PM Mar 07, 2008 | 11075419 |
| (27) Ferrum 30 | 963 | Andahuaylas | 10525907 | PP 1024-2008-INGEMMET/PCD/PM May 05, 2008 | 11076757 |
| (28) Ferrum 31 | 327 | Andahuaylas | 10552807 | RP 1266-2008-INGEMMET/PCD/PM May 12, 2008 | 11076509 |
| (29) Ferrum 32 | 900 | Andahuaylas | 10552907 | RP0402-2008-INGEMMET/PCD/PM Mar 07, 2008 | 11075425 |
| (30) Ferrum 33 | 900 | Andahuaylas | 10553007 | RP0547-2008-INGEMMET/PCD/PM Mar 07, 2008 | 11075421 |
| (31) Ferrum 34 | 800 | Andahuaylas | 10553107 | RP0764-2008-INGEMMET/PCD/PM Apr 17, 2008 | 11075427 |
| (32) Ferrum 35 | 1,000 | Andahuaylas | 10553207 | RP0347-2008-INGEMMET/PCD/PCM Mar 07, 2008 | 11075426 |
| (33) Ferrum 37 | 695 | Andahuaylas | 10621507 | RP 1164-2008-INGEMMET/PCD/PM May 12, 2008 | 11076534 |
| (34) Ferrum 56 | 1,000 | Andahuaylas | 10133508 | RP 1971-2008-INGEMMET/PCD/PM Jun 19, 2008 | 11077123 |
| (35) Ferrum 57 | 1,000 | Andahuaylas | 10133608 | RP 3279-2008-INGEMMET/PCD/PM Sept 9, 2008 | 11081417 |
| (36) Ferrum 58 | 1,000 | Andahuaylas | 10133708 | RP 2206-2008-INGEMMET/PCD/PM 27 Jun, 2008 | 11077127 |
| (37) Ferrum 59 | 1,000 | Andahuaylas | 10133808 | RP 2272-2008-INGEMMET/PCD/PM 27 Jun, 2008 | 11077122 |
| (38) Ferrum 61 | 1,000 | Aymaraes | 10073308 | - | in process |
| (39) Pacunco 1 | 800 | Andahuaylas | 10019508 | RP 1806-2008-INGEMMET/PCD/PM May 29, 2008 | 11076523 |
| (40) Minas Huaycco |
|||||
| 800 | Abancay | 10168708 | RP 2541-2008-INGEMMET/PCD/PM Aug 08, 2008 | 11081416 | |
| (41) Roncco | 400 | Aymaraes | 10521708 | Notification 153150-2008 INGE<<ET 30 Oct, 2008 | TBA |
| (42) Ferrum 12 | 700 | Andahuaylas | 10299404 | RP 030326-2005-INACC/J 25 Jan, 2005 | TBA |
==> picture [595 x 47] intentionally omitted <==
----- Start of picture text -----
Strike Resources Limited (ABN 94 088 488 724)
Registered Office: Level 11, 216 St Georges Terrace, Perth Western Australia 6000
web: www.strikeresources.com.au email: [email protected]
----- End of picture text -----
==> picture [595 x 28] intentionally omitted <==
----- Start of picture text -----
Quarterly Report for the period ended 31December 2013
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Apurimac Project tenements
| Apurimac Project tenements | Apurimac Project tenements | Apurimac Project tenements | Apurimac Project tenements | Apurimac Project tenements | Apurimac Project tenements |
|---|---|---|---|---|---|
| Name | Area (Ha) | Province | Code | Title | File No |
| (43) Sillaccassa 3 | 200 | Andahuaylas | 10491311 | RP 000192-2012-INGEMMET/PCD/PM 30 Mar, 2012 | TBA |
| (44) Ferrum 21 | 999 | Lucanas | 10027007 | RP 129-2008-MEM/CM 21 Apr, 2008 | TBA |
| RP 003321-2008- INGEMMET/PCD/PM 10 Sep, 2009 |
|||||
| (45) Cassio 100 | 400 | Andahuaylas | 10182808 | TBA | |
| (46) Ferrum 25 | 1,000 | Andahuaylas | 10227307 | TBA | TBA |
| RP 006426-2008-INGEMMER/PCD/PM 30 Dec, 2008 |
|||||
| (47) Ferrum 19 | 1,000 | Cotabombas | 10026807 | TBA | |
| (48) Ferrum 6 | 1,000 | Aymaraes | 10298804 | RP 00231-2005-INACC/J 19 Jan, 2005 | TBA |
| (49) Ferrum 64 | 600 | Andahuaylas | 10073108 | RP 000647-2009-INGEMMET/PCD/PM 27 Feb, 2009 | TBA |
| (50) Ferrum 20 | 800 | Cajamarca | 10026907 | RP 000064-2009-INGEMMET/PCD/PM 28 Jan, 2009 | TBA |
| (51) Ferrum 16 | 1,000 | Chumbivilcas | 10026507 | RP 001979-2007-INACC/J 24 May, 2007 | TBA |
| (52) Ferrum 38 | 800 | Andahuaylas | 10623507 | RP1288-2008-INGEMMET/PCD/PM May 12, 2008 | 11064280 |
| (53) Ferrum 39 | 1,000 | Andahuaylas | 10131408 | RP 1573-2008-INGEMMET/PCD/PM May 29, 2008 | 11076755 |
| (54) Ferrum 40 | 1,000 | Andahuaylas | 10131508 | RP 2905-2008-INGEMMET/PCD/PM Aug 19, 2008 | 11079783 |
| (55) Ferrum 41 | 1,000 | Andahuaylas | 10131608 | RP 1965-2008-INGEMMET/PCD/PM Jun 19, 2008 | 11077113 |
| (56) Ferrum 42 | 1,000 | Andahuaylas | 10131708 | RP 1975-2008-INGEMMET/PCD/PM Jun 19, 2008 | 11077114 |
| (57) Ferrum 43 | 1,000 | Andahuaylas | 10131808 | RP 3243-2008-INGEMMET/PCD/PM Sept 9, 2008 | 11081446 |
| (58) Ferrum 44 | 1,000 | Andahuaylas | 10131908 | RP 1934-2008-INGEMMET/PCD/PM Jun 19, 2008 | 11077115 |
| (59) Ferrum 45 | 1,000 | Andahuaylas | 10132008 | RP 2283-2008-INGEMMET/PCD/PM Jun 27, 2008 | 11077116 |
| (60) Ferrum 46 | 1,000 | Andahuaylas | 10132108 | RP 2523-2008-INGEMMET/PCD/PM Aug 08, 2008 | 11079784 |
| (61) Ferrum 47 | 1,000 | Andahuaylas | 10132208 | RP 1908-2008-INGEMMET/PCD/PM Jun 18, 2008 | 11077117 |
| (62) Ferrum 48 | 1,000 | Andahuaylas | 10132308 | RP 1756-2008-INGEMMET/PCD/PM May 29, 2008 | 11076584 |
| (63) Ferrum 49 | 1,000 | Andahuaylas | 10132408 | RP 2000-2008-INGEMMET/PCD/PM Jun 19, 2008 | 11077118 |
| (64) Ferrum 50 | 900 | Andahuaylas | 10132508 | RP 1922-2008-INGEMMET/PCD/PM Jun 19, 2008 | 11077120 |
| (65) Ferrum 51 | 1,000 | Andahuaylas | 10132608 | RP 1893-2008-INGEMMET/PCD/PM Jun 18, 2008 | 11077121 |
| (66) Ferrum 52 | 1,000 | Andahuaylas | 10132708 | RP 2803-2008-INGEMMET/PCD/PM Aug 18, 2008 | 11079786 |
| (67) Ferrum 53 | 1,000 | Andahuaylas | 10132808 | RP 2550-2008-INGEMMET/PCD/PM Aug 08, 2008 | 11079787 |
| (68) Ferrum 54 | 700 | Andahuaylas | 10132908 | RP 2899-2008-INGEMMET/PCD/PM Aug 19, 2008 | 11079788 |
| (69) Ferrum 55 | 800 | Andahuaylas | 10133408 | RP 2951-2008-INGEMMET/PCD/PM Aug 19, 2008 | 11079789 |
| (70) Ferrum 60 | 200 | Abancay | 10073208 | RP 6379-2008-INGEMMET/PCD/PM Dec 29, 2008 | 11084879 |
| (71) Ferrum 62 | 900 | Abancay | 10073408 | RP 3147-2008-INGEMMET/PCD/PM Aug 28, 2008 | 11079791 |
| (72) Ferrum 63 | 300 | Grau | 10073008 | RP 1492-2008-INGEMMET/PCD/PM May 26, 2008 | 11076586 |
| (73) Pichirhua 1 | 800 | Abancay | 10151708 | RP 2638-2008-INGEMMET/PCD/PM Aug 11, 2008 | 11079794 |
| (74) Pichirhua 2 | 400 | Abancay | 10151808 | RP 3244-2008-INGEMMET/PCD/PM Sept 9, 2008 | 11081445 |
| (75) Colcabamba 1 |
|||||
| 600 | Aymaraes | 10212308 | RP 2986-2008-INGEMMET/PCD/PM Aug 19, 2008 | 11079780 | |
| (76) Colcabamba 2 |
|||||
| 500 | Aymaraes | 10212408 | RP 3177-2008-INGEMMET/PCD/PM Sept 8, 2008 | 11081451 | |
| (77) Colcabamba 3 |
|||||
| 900 | Aymaraes | 10217208 | RP 3040-2008-INGEMMET/PCD/PM Aug 28, 2008 | 11079781 | |
| (78) Colcabamba 4 |
|||||
| 400 | Aymaraes | 10580108 | RP 1117-2009-INGEMMET/PCD/PM Mar 31, 2009 | 11093827 | |
| (79) Sillaccassa 1 | 700 | Andahuaylas | 10212508 | RP 5088-2008-INGEMMET/PCD/PM Nov 19, 2008 | 11084877 |
| (80) Sillaccasa 2 | 400 | Andahuaylas | 10212608 | RP 3183-2008-INGEMMET/PCD/PM Sept 8, 2008 | 11081449 |
| No 000741-2010 INGEMMET/PCD/PM Mar 22, 2010 |
|||||
| (81) Helimag 1 | 900 | Andahuaylas | 10294109 | TBA | |
| (82) Quimsa 1 | 1,000 | Melgar | 10248007 | RP 000913-2007-INGEMMET/PCD/PM Sept 7, 2007 | TBA |
| RP 000345-2007-INGEMMET/PCD/PM Aug 09, 2007 |
|||||
| (83) Quimsa 2 | 1,000 | Melgar | 10246007 | TBA | |
| RP 005978-2008-INGEMMET/PCD/PM Dec 17, 2008 |
|||||
| (84) Pucaccasa | 600 | Andahuaylas | 10353408 | TBA | |
==> picture [595 x 47] intentionally omitted <==
----- Start of picture text -----
Strike Resources Limited (ABN 94 088 488 724)
Registered Office: Level 11, 216 St Georges Terrace, Perth Western Australia 6000
web: www.strikeresources.com.au email: [email protected]
----- End of picture text -----
==> picture [595 x 28] intentionally omitted <==
----- Start of picture text -----
Quarterly Report for the period ended 31December 2013
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Cusco Project tenements
| Cusco Project tenements | Cusco Project tenements | Cusco Project tenements | Cusco Project tenements | Cusco Project tenements | Cusco Project tenements |
|---|---|---|---|---|---|
| Name | Area (Ha) | Province | Code | Title | File No. |
| (1) Flor de María | 907 | Chumbivilcas | 05006521X01 | No 7078-95-RPM Dec 29, 1995 | 20001742 |
| (2) Delia Esperanza |
|||||
| 1,000 | Chumbivilcas | 05006522X01 | No 0686-95-RPM Mar 31, 1995 | 20001743 | |
| (3) Julia Clara | 1,000 | Chumbivilcas | 05006523X01 | No 4600-95/RPM Sept 26, 1995 | 20001744 |
| (4) El Pacífico I | 618 | Chumbivilcas | 05006536X01 | No 7077-95/RPM Dec 29, 1995 | 20001785 |
| (5) El Pacífico II | 1,000 | Chumbivilcas | 05006524X01 | No 7886-94/RPM Nov 25, 1994 | 20001746 |
| (6) Ferrum 14 | 268 | Chumbivilcas | 01-03047-05 | No 05032-2005-INACC/J Nov 30, 2005 | 11053842 |
| (7) Ferrum 15 | 992 | Chumbivilcas | 10494906 | RJ 0753-2007-INACC/J Mar 05, 2007 | 11073796 |
| (8) Ferrum 17 | 500 | Chumbivilcas | 10026607 | RP 1815-2007-INGEMMET/PCD/PM Oct 30, 2007 | 11073794 |
| Chumbivilcas /Cotabambas |
|||||
| (9) Ferrum 18 | 800 | 10026707 | RP 1761-2008-INGEMMET/PCD/PM May 29, 2008 | 11076514 | |
| (10) Ferrum 72 | 1,000 | Paruro | 10408208 | RP 4435-2008-INGEMMET/PCD/PM Oct 21, 2008 | 11084851 |
| (11) Ferrum 73 | 1,000 | Paruro | 10409608 | RP 5050-2008-INGEMMET/PCD/PM Nov 19, 2008 | 11084874 |
| Chumbivilcas/ Paruro |
|||||
| (12) Ferrum 74 | 1,000 | 10409708 | RP 5006-2008-INGEMMET/PCD/PM Nov 19, 2008 | 11084871 | |
| (13) Ferrum 75 | 303 | Chumbivilcas | 10409808 | RP 5130-2008-INGEMMET/PCD/PM Nov 19, 2008 | 11084873 |
| (14) Ferrum 76 | 974 | Chumbivilcas | 10409908 | RP 4323-2008-INGEMMET/PCD/PM Oct 20, 2008 | 11084870 |
| (15) Ferrum 77 | 1,000 | Paruro | 10408108 | RP 5227-2008-INGEMMET/PCD/PM Nov 19, 2008 | 11084868 |
| (16) Ferrum 65 | 1,000 | Paruro | 10580008 | RP 0337-2009-INGEMMET/PCD/PM Feb 19, 2009 | 11093825 |
| (17) Ferrum 66 | 100 | Paruro | 10580208 | RP 1613-2009-INGEMMET/PCD/PM Jun 4, 2009 | 11093823 |
| (18) Ferrum 67 | 100 | Chumbivilcas | 10579908 | RP 5849-2008-INGEMMET/PCD/PM Dec 17, 2008 | 11084880 |
| (19) Ferrum 68 | 1,000 | Acomayo | 10579808 | RP 1185-2009-INGEMMET/PCD/PM Mar 31, 2009 | 11093824 |
| (20) Ferrum 69 | 1,000 | Acomayo | 10579708 | RP 1633-2009-INGEMMET/PCD/PM Jun 4, 2009 | TBA |
| (21) Ferrum 70 | 1,000 | Acomayo | 10579608 | RP 1848-2009-INGEMMET/PCD/PM Jun 11, 2009 | TBA |
| (22) Ferrum 71 | 1,000 | Acomayo | 10579508 | RP 1120-2009-INGEMMET/PCD/PM Mar 31, 2009 | TBA |
Paulsens East Project – Western Australia (Strike – 100%)
| Grant Date |
Expiry Date |
Area (blocks/Ha) |
|||
|---|---|---|---|---|---|
| Tenement No | Status | Area(km²) | |||
| (1) PL 47/1170* | Granted | 27/03/06 | 26/03/13 | 164 Ha | 1.64 |
*An application has been made to convert PL 47/1170, together with a portion of expired former exploration licence E47/1328, into a retention licence with a total area of 381Ha.
==> picture [595 x 47] intentionally omitted <==
----- Start of picture text -----
Strike Resources Limited (ABN 94 088 488 724)
Registered Office: Level 11, 216 St Georges Terrace, Perth Western Australia 6000
web: www.strikeresources.com.au email: [email protected]
----- End of picture text -----