August 22, 2014 2:36 AM ET

Metals and Mining

Company Overview of Augur Resources Limited

Company Overview

Augur Resources Ltd, a resource development company, is engaged in the acquisition, exploration, and development of mineral deposits in Indonesia and Australia. It primarily focuses on gold, copper, silver, and nickel projects. The company principally holds interests in the Wonogiri project covering an area of approximately 3,928 hectares located in central Java, Indonesia. It also has interests in various exploration projects located in central New South Wales. Augur Resources Ltd is based in Sydney, Australia.

66 Hunter Street

Level 2

Sydney, NSW 2000

Australia

Phone:

61 2 9300 3310

Fax:

61 2 9221 6333

Key Executives for Augur Resources Limited

Augur Resources Limited does not have any Key Executives recorded.

Augur Resources Limited Key Developments

Augur Resources Limited Appoints Justin Werner as its Managing Director

The Directors of Augur Resources Ltd. announced that the Company has appointed Justin Werner as its Managing Director. Justin Werner has been a director of Augur since December 2010.

Augur Resources Limited Announces Consolidated Earnings Results for the Half Year Ended December 31, 2013

Augur Resources Limited announced consolidated earnings results for the half year ended December 31, 2013. The company's loss for the half-year ended 31 December 2013 was principally due to an impairment loss of AUD 1,423,132 (2012 - nil) on the write-down of exploration and evaluation expenditure relating to the Yeoval project. Net finance income was AUD 6,294 against AUD 4,080 a year ago. Loss before income tax was AUD 6,294 against AUD 4,080 a year ago. Loss attributable to owners of the company was AUD 1,840,895 or 0.87 cents per basic and diluted share against AUD 861,200 or 0.44 cents per basic and diluted share a year ago. Net cash used in operating activities was AUD 812,287 against AUD 642,353 a year ago. Payments for exploration expenditure were AUD 130,297 against AUD 344,597 a year ago.

Helix Resources Limited Enters into Exploration and Development Agreement with Augur Resources Ltd

Helix Resources Limited announced that it has entered into an exploration and development agreement with Augur Resources Ltd. (Augur), covering tenement EL6336 approximately 40km SW of Nyngan in Central NSW. The project is known as Collerina. Under the terms of the agreement, Helix has paid Augur $20,000 to secure the sole right to explore the tenement for precious and base metal mineralisation and will spend a minimum of $100,000 over 12 months on the tenement. The deal secures Helix 100% of the precious and base metal rights (excluding Nickel Laterite mineralisation), with Augur retaining a 1.5% net smelter royalty over Helix's discoveries. The initial target is the Collerina Copper Prospect. The preliminary on-ground assessment has highlighted mineralised sup-cropping gossanous material present over a strike of at least 400m, which is highly encouraging. Helix expects to undertake field mapping, surface geochemistry and electrical geophysics, with follow- up drilling to test priority targets to complete its expenditure obligations under the agreement. Augur retains 100% ownership of the known nickel laterite mineralisation within the Homeville, Yethella and CI Anomaly areas, however Helix can explore these areas for precious metals and other base metals, subject to the clauses of the agreement.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
May 26, 2014
MMG Exploration Pty Ltd, Copper and Gold Projects in North Sulawesi, Indonesia
Private Placement
September 30, 2013
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