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lamboo resources ltd (F93) Details

Lamboo Resources Limited operates as a mineral exploration company in Australia. The company primarily focuses on the flake graphite McIntosh Project tenements that cover an area of 330 km2 located in the East Kimberley area, Western Australia. It also holds projects targeting copper, gold, molybdenum, and silver mineralization at Halls Creek in the East Kimberley and Valla in northern New South Wales; and flake graphite projects in South Korea. The company, formerly known as Fluorotechnics Limited, is headquartered in Brisbane, Australia.

lamboo resources ltd (F93) Top Compensated Officers

Chief Executive Officer, Managing Director an...
Total Annual Compensation: A$200.0K
Chief Financial Officer and Secretary
Total Annual Compensation: A$52.0K
Executive Technical Director and Director
Total Annual Compensation: A$175.0K
Compensation as of Fiscal Year 2013.

lamboo resources ltd (F93) Key Developments

Lamboo Resources Limited Announces Appointment of Wenzhao (Jerry) Xie as Non-Executive Director

Lamboo Resources Limited announced the appointment of Mr. Wenzhao (Jerry) Xie as a non-executive Director of the company. Mr. Xie was recently the Chief Financial Officer of Winsway Coking Coal Holdings Limited and was responsible for managing the Winsway's transition from private ownership through its initial public offering on the Hong Kong Stock exchange.

Lamboo Resources Limited Updates on Phase 2 Diamond Drilling Program at Geumam Graphite Project, in South Korea

Lamboo Resources Limited announced that the phase 2 diamond drilling program is nearing completion at the Geumam graphite project, in South Korea. The company completed a further 14 holes during April-July using a track-mounted diamond drill rig, for an additional 1,860.4 metres of HQ triple tube diamond drill core. A JORC resource estimate is currently being prepared on Area B. A further 7 holes are scheduled for completion in July-August to enable additional resources to be estimated at Area C and Area E. These granted Mining Rights cover a total area of 403ha. Additional applications for 2 Mining Rights (numbers Dangjin 54-4 & 55-1) are currently being processed by the Central Mining Registry office of MOTIE.

Lamboo Resources Limited Announces Significant Resource Increase at McIntosh Graphite Project

Lamboo Resources Limited announced that significant resource increase at McIntosh graphite project. Target 1 has been upgraded to a JORC compliant resource under the inferred and indicated categories of 7.135M tonnes (rising significantly from previous resource of 5m tonnes) grading 4.73% TGC (4.95% TC) for 337,700 tonnes (up from 261,000 tonnes) of contained graphite. Resource estimated from only 20% (approximately) of the graphite schist horizon at Target 1 with the resource open along strike and at depth. Diamond drilling to test broad intercepts from the third phase of RC drilling at Target 1. This is expected to add substantial tonnage to resource. Resource upgrade confirms potential for 20 year mine life with further upside to come from targets 2, 5 and 6. Scoping study continues with the aim to commence production in 2014. A one tonne bulk sample from the Target 1 extension is currently undergoing beneficiation at Nagrom Laboratories, Kelmscott to produce enough pure flake graphite to be provided to potential end users for commercial testing. As part of the recently announced MOU, a bulk 25 tonne sample of raw graphite is planned to be sent to China Sciences Hengda Graphite Co Ltd. in China.


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