Last 0.26 GBp
Change Today +0.02 / 8.33%
Volume 2.9M
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As of 11:30 AM 08/20/14 All times are local (Market data is delayed by at least 15 minutes).

ortac resources ltd (OTC) Snapshot

0.24 GBp
Previous Close
0.24 GBp
Day High
0.26 GBp
Day Low
0.24 GBp
52 Week High
08/23/13 - 0.46 GBp
52 Week Low
05/8/14 - 0.19 GBp
Market Cap
Average Volume 10 Days
-0.0010 GBp
Shares Outstanding
Dividend Yield
Current Stock Chart for ORTAC RESOURCES LTD (OTC)

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ortac resources ltd (OTC) Details

Ortac Resources Limited, together with its subsidiaries, indentifies, evaluates, acquires, and develops natural resource projects in central Europe. It primarily explores for gold and silver deposits. The company primarily holds 100% interest in the Šturec Project located in central Slovakia. The Šturec deposit comprises 3 licences, such as the Kremnica mining licence with an area of 11.8 km2, the Lutila exploration licence with an area of 63.2 km, and the Vyhne exploration licence of 36.9 km2. Ortac Resources Limited is based in Road Town, the British Virgin Islands.

ortac resources ltd (OTC) Top Compensated Officers

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ortac resources ltd (OTC) Key Developments

Ortac Resources Ltd. Announces Group and Company Earnings Results for the Year Ended March 31, 2014

Ortac Resources Ltd. announced group and company earnings results for the year ended March 31, 2014. For the period, on group basis, the company reported loss before income tax of £1,768,000 compared to £1,849,000 a year ago. Loss for the year from continuing operations was £1,768,000 compared to £1,849,000 a year ago. Loss attributable to owners of the parent company was £1,930,000 or 0.08 pence per basic and diluted share compared to £1,766,000 or 0.08 pence per diluted share a year ago. Net cash used in operating activities was £1,704,000 compared to £1,106,000 a year ago. Purchase of intangible assets was £1,174,000 compared to £1,390,000 a year ago. For the period, the company reported operating loss of £1,126,000 compared to £1,023,000 a year ago. Loss before income tax was £1,114,000 compared to £993,000 a year ago. Loss for the year was £1,114,000 compared to £993,000 a year ago.

Ortac Resources Ltd Announces Completion of the First Phase Underground Mining at Šturec Deposit in Slovakia

Ortac Resources Ltd. announced that it has completed the first phase of its trial underground mining activity at its Šturec deposit in Slovakia. The recent underground mining operations have resulted in the extraction of approximately 400 tonnnes of ore from the Andrej exploration adit. The ore extracted will primarily be used for metallurgical testing to help determine the longer term development of the Šturec deposit and the economy in the Kremnicko region. Mining activity has now been suspended pending the outcome of this test work.

Ortac Resources Ltd. Announces Results from Drilling and Trenching At the Ber Gebey Prospect

Ortac Resources Ltd. announced that it has received a further batch of assay results from the drilling and trenching programme recently completed at the Andiamo Exploration Ltd. Haykota exploration concession area in Eritrea, which confirms that near surface high-grade oxide copper and gold mineralisation is present at the Yacob Dewar deposit. Results from drilling and trenching at the Ber Gebey prospect, located 3.5km north east and directly along strike from Yacob Dewar, also indicate the discovery of a new gold and silver bearing mineral deposit. Yacob Dewar Oxide Copper drilling highlights include: 2.80% Cu over 18.0m from 25.5m down the hole, in hole YDD-057, including: 6.12% Cu over 5.7m from 30.5m down the hole; and 6.64% Cu over 1.8m from 39.7m down the hole. 3.56% Cu over 2.85m from 41.65m down the hole, in hole YDD-051, including: 5.22% Cu over 1.85m from 41.65m down the hole; 1.45% Cu over 4.75m from 22.60m down the hole, in hole YDD-052; and 1.04% Cu over 7.00m from 14.75m down the hole, in hole YDD-053. Yacob Dewar Gold and Silver drilling highlights include: 13.90 g/t Au and 283.3 g/t Ag for 19.57 g/t Au Eq. over 1.90m from 54.65m down the hole, in hole YDD-055; 6.14 g/t Au and 33.8 g/t Ag for 6.82 g/t Au Eq. over 1.15m from 15.15m down the hole, in hole YDD-052; 5.07 g/t Au and 58.01 g/t Ag for 6.23 g/t Au Eq. over 7.50m from 33.50m down the hole, in hole YDD-053, including: 15.34 g/t Au and 38.00 g/t Ag for 16.10 g/t Au Eq. over 1.00m from 39.00m down the hole; 2.72 g/t Au and 12.72 g/t Ag for 2.98 g/t Au Eq. over 5.15m from 17.85m down the hole, in hole YDD-057, including: 5.80 g/t Au and 18.28 g/t Ag for 6.16 g/t Au Eq. over 1.80m from 18.75m down the hole; and 7.61 g/t Au and 5.10 g/t Ag for 7.71 g/t Au Eq. over 2.15m from 21.60m down the hole, in hole YDD-058. Ber Gebey drilling and trenching highlights include: 2.35 g/t Au and 81.04 g/t Ag for 3.97 g/t Au Eq. over 14.50m from 4.30m down the hole, in hole BGD-012, including: 2.72 g/t Au and 124.51 g/t Ag for 5.21 g/t Au Eq. over 5.10m from 5.10m down the hole; 4.43 g/t Au and 49.59 g/t Ag for 5.21 g/t Au Eq. over 3.10m from 12.50m down the hole. 3.70 g/t Au and 24.56 g/t Ag for 4.19 g/t Au Eq. over 14.0m from 0.00m along the trench, in trench BGTR-02 (the entire length of the trench is mineralised), including: 10.47 g/t Au and 22.10 g/t Ag for 10.91 g/t Au Eq. from 6.00m along the trench; 3.20 g/t Au and 57.70 g/t Ag for 4.35 g/t Au Eq. over 4.00m from 0.00m along the trench, in trench BGTR-03; and 1.28 g/t Au and 17.26 g/t Ag for 1.72 g/t Au Eq. over 20.00m from 8.00m along the trench, in trench BGTR-04.


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