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octagonal resources ltd (ORS) Snapshot

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01/29/14 - A$0.12
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octagonal resources ltd (ORS) Details

Octagonal Resources Limited is engaged in the exploration, development, and mining of gold properties in Australia. It also explores for copper and silver. The company owns a 100% interest in four mining licenses, three mining license applications, eight exploration licenses, and two exploration license applications located in the Bendigo Zone of the Lachlan Fold Belt in Victoria. It also has an interest in 1 exploration license and 2 exploration license applications, as well as earning 80% equity in 13 contiguous exploration licenses located in the Eastern Goldfields Province of the Yilgarn Craton in Western Australia. Octagonal Resources Limited was incorporated in 2010 and is headquartered in Southbank, Australia.

octagonal resources ltd (ORS) Top Compensated Officers

Managing Director and Director
Total Annual Compensation: A$228.8K
Compensation as of Fiscal Year 2013.

octagonal resources ltd (ORS) Key Developments

Octagonal Resources Limited Announces Second High-Grade Reef at Alliance South Deposit

Octagonal Resources Limited announced that underground mine development on the 1100 level of the Alliance South Deposit has identified a second high- grade gold-bearing reef positioned nine metres to the west of the Eaglehawk Reef at the Alliance South Shoot. An 8 metre long cross-cut developed to the west of the Eaglehawk to test a sludge hole drill result of 7 metre grading 13.9 g/t Au has exceeded expectations by returning 7.85 metres (true width) grading 29.4 g/t Au from the north wall and 7.95 metres (true width) grading 19.0 g/t Au from the south wall. These intersections include a newly identified high-grade gold reef that has returned initial assay results of 2.95 metres grading 40.3 g/t Au and 2.1 metres grading 30.4 g/t Au. The new high-grade gold reef is near-vertical and positioned 9 metres to the west and sub-parallel to the Eaglehawk Reef.

Octagonal Resources Limited Presents at Gold Coast Resources Showcase, Jun-12-2014 02:15 PM

Octagonal Resources Limited Presents at Gold Coast Resources Showcase, Jun-12-2014 02:15 PM. Speakers: Anthony R. Gray, Managing Director and Director.

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

Octagonal Resources Limited announced consolidated earnings results for the year ended December 31, 2013. For the year, the company announced revenue of AUD 1,879,730 compared to AUD 1,309,976 a year ago. Loss before income tax expense was AUD 246,946 compared to AUD 606,877 a year ago. Loss after income tax expense for the half-year attributable to the owners of company was AUD 246,946 or 0.23 cents per basic and diluted share compared to AUD 606,900 or 0.57 cents per basic and diluted share a year ago. Net cash used in operating activities was AUD 441,859 compared to net cash from operating activities of AUD 200,008 a year ago. Payments for property, plant and equipment were AUD 171,846 compared to AUD 145,323 a year ago. Payments for exploration and evaluation were AUD 1,291,290 compared to AUD 1,260,338 a year ago.


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