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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:
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Patacancha N[o] 1;
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Patacancha N[o] 2;
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Patacancha N[o] 3; and
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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:
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Mining tenements held at the end of the Quarter and their location;
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Mining tenements disposed during the Quarter and location;
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Beneficial percentage interests held in farm-in or farm-out agreements at end of Quarter; and
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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 |
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I = Iron Ore Endorsement
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** 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%).
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(i) Subject to disposal as approved by shareholders on 20 August 2015.
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