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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 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.

Lamboo Resources Limited Announces Management Changes

Lamboo Resources Limited announced the appointments of Dr. Bruce Preston and Mr. Greg Baynton have been appointed as non-executive directors of the company. Dr. Preston will also assume the position of Chairman of company. Bruce Preston is a geophysicist with extensive mineral exploration experience throughout Australia and the Asia Pacific regions. He also worked in stockbroking and investment banking for 13 years as a resource analyst with Morgan Stockbroking, Nomura Australia, James Capel and Bell Securities. Greg Baynton is the founder and Managing Director of Orbit Capital. He has been a board member of Australian exploration companies since 1997 and has experience in identifying new opportunities, establishing new companies, IPO's and other capital raisings, and mergers and acquisitions. Lamboo also announced that Mr. Rick Anthon has retired and resigned as a director and as Chairman of the company.

Lamboo Resources Limited Announces Change of Registered Office Address

Lamboo Resources Limited announced that it will be relocating its registered office, effective January 3, 2014. The new details for the registered office and principal place of business is Lamboo Resources Limited, Level 7, Christies Centre, 320 Adelaide St, Brisbane, Qld 4000.


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