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silver city minerals ltd (SCI) Snapshot

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silver city minerals ltd (SCI) Details

Silver City Minerals Limited focuses on the exploration of base and precious metal deposits in Australia. It primarily explores for silver, lead, zinc, copper, and gold ores. The company holds interests in the Razorback West, Allendale, Parnell, Speedwell, Mount Brown, and Yalcowinna West projects, as well as Stephens Trig, Native Dog, Yalcowinna Creek, and Dora projects located in the Broken Hill District of western New South Wales, Australia. It also holds interests in exploration and mining tenements in North Queensland. The company was formerly known as Silver City Mining Limited and changed its name to Silver City Minerals Limited in January 2010. Silver City Minerals Limited was founded in 2008 and is headquartered in St Leonards, Australia.

silver city minerals ltd (SCI) Top Compensated Officers

Chief Executive Officer, Managing Director an...
Total Annual Compensation: A$256.9K
Company Secretary
Total Annual Compensation: --
Compensation as of Fiscal Year 2013.

silver city minerals ltd (SCI) Key Developments

Silver City Minerals Limited Provides Results of Drilling at its Sellheim Gold Project in North Queensland, Australia

Silver City Minerals Limited provided results of drilling at its Sellheim gold project in North Queensland, Australia. The drilling program, completed late in May 2014 comprised seven holes combining diamond core and reverse circulation drilling for a total of 2,268.4 metres. Drilling was designed to test a number of induced polarisation (IP) anomalies underlying an eluvial goldfield in an area where numerous rock chip samples had returned anomalous gold, silver, copper, bismuth and molybdenum. Four of the seven holes penetrated IP anomalies, two tested calc-silicate rocks beneath old copper-gold workings and one was abandoned due to significant hole deviation. Narrow gold-bearing veins, thought to be the source of gold within the eluvial field were not targeted in this program. The source of these veins and the target of exploration are considered to be sulphide-bearing intrusions at depth. Results Analyses have shown that a number of intersections of gold, copper and silver mineralisation occur within holes 14SH001, 002 and 004. Anomalous gold intervals in the order of 0.1 to 0.7 g/t over intervals of 0.5 to 18 metres occur and are predominantly hosted in skarn alteration and quartz- sulphide veins. Holes 14SH001 to 006 have penetrated a sequence of south and south-east dipping sedimentary iltstone, sandstone and fossiliferous marl.

Silver City Minerals Limited, Annual General Meeting, Nov 21, 2013

Silver City Minerals Limited, Annual General Meeting, Nov 21, 2013., at 15:00 AUS Eastern Standard Time. Location: Level 1. Agenda: To receive and consider the financial statements of the company for the year ended 30 June 2013, consisting of the financial report, the directors' report and auditor's report; to adopt the remuneration report; to re-elect Mr. Ian Hume as a director; to grant of 1,000,000 options to Mr. Christopher Torrey; and to consider issue of shares up to 10% of the company's issued capital.

Silver City Minerals Limited Announces Audited Consolidated Earnings Results for the Year Ended June 30, 2013

Silver City Minerals Limited announced audited consolidated earnings results for the year ended June 30, 2013. For the year, the company reported revenue of AUD 677,467,000 against AUD 501,778,000 a year ago. Loss before income tax expense was AUD 860,677,000 against AUD 1,403,363,000 a year ago. Loss after income tax expense was AUD 860,677,000 against AUD 1,403,363,000 a year ago. Total comprehensive income for the period attributable to members of the company was AUD 860,677,000 or 0.88 cents per basic and diluted share against AUD 1,403,363,000 or 1.43 cents per basic and diluted share a year ago. Net cash used in operating activities was AUD 489,379,000 against AUD 864,902,000 a year ago. Purchase of fixed assets was AUD 21,294,000 against AUD 171,486,000 a year ago. Expenditure on mining exploration was AUD 2,249,440,000 against AUD 1,964,835,000 a year ago.


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