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ZEOTECH LIMITED Interim / Quarterly Report 2016

Oct 29, 2015

66115_rns_2015-10-29_9e33eea1-0407-4dd7-aafe-118a0aa4c669.pdf

Interim / Quarterly Report

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Level 45, 108 St Georges Terrace, Perth, WA, 6000, Australia PO Box 1151, West Perth, WA, 6872, Australia T : +61 8 9486 7066 F : +61 9486 8066

Quarterly Activities Report Quarter Ended 30 September 2015

Kimsa Orcco Project – Peru

(Patacancha Tenements – 100% Laconia)

On 20 August 2015 shareholders approved the disposal of the Company’s Peruvian mineral interests to Andes Exploration of Peru Numero Dos Sac ( Andes ) and Sallka Uno Y Dos Sac ( Sallka ).

The Peruvian tenement portfolio comprises the Kimsa Orcco Project:

  • Patacancha N[o] 1;

  • Patacancha N[o] 2;

  • Patacancha N[o] 3; and

  • Patacancha N[o] 4.

Further particulars of the disposal can be found in the Company’s announcement dated 30 June 2015.

701 Mile Project – Precious and Base Metals, Pilbara WA

(E52/2688 – 80% Laconia: mineral rights excluding manganese and iron and 70% Laconia: manganese and iron rights)

No field work was carried out during the quarter.

Goldsworthy Project – Base Metals, Pilbara WA

(E45/3904 – 100% Laconia)

No field work was carried out during the quarter and a decision was taken to surrender the tenement.

Corporate

During the quarter, shareholders approved the issue of unsecured convertible notes (“Notes”) with a face value of $200,000 and also approved the issue of 200,000,000 ordinary fully paid shares ( Shares ) on conversion of the Notes. The Notes were subsequently converted and 200,000,000 shares issued on 2 September 2015.

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Tenement Information as required by Listing Rule 5.3.3

The following is a table setting out the information as required by ASX Listing Rule 5.3.3, namely:

  1. Mining tenements held at the end of the Quarter and their location;

  2. Mining tenements disposed during the Quarter and location;

  3. Beneficial percentage interests held in farm-in or farm-out agreements at end of Quarter; and

  4. Beneficial percentage interests held in farm-in or farm-out agreements acquired or disposed of during the Quarter.

Location Mining Tenement Ownership Acquired or
Disposed
Peru (Ayacucho) PatacanchaNo1 –(i) 100% (i)
Peru (Ayacucho) PatacanchaNo2 –(i) 100% (i)
Peru (Ayacucho) PatacanchaNo 3–(i) 100% (i)
Peru (Ayacucho) PatacanchaNo4 –(i) 100% (i)
Peru (Puno) Jess Gold1 100% N/A
Peru (Moquegua) JessIron 1 100% N/A
Western Australia
(Pilbara)
E45/3904 100% to Nil Surrendered
Western Australia
(NorthernGascoyne)
E52/268-I* 80%** N/A
  • I = Iron Ore Endorsement

  • ** Mineral rights held by Laconia Resources Ltd (80%) and Pandell Pty Ltd (20%). Manganese and iron ore rights held by Laconia Resources Ltd (70%) and Pandell Pty Ltd (30%).

  • (i) Subject to disposal as approved by shareholders on 20 August 2015.

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