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As of 3:16 PM 12/23/14 All times are local (Market data is delayed by at least 15 minutes).

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07/24/14 - €0.21
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magnis resources ltd (U1P) Details

Magnis Resources Limited explores and develops mineral properties in Australia and East Africa. The company explores for uranium, coal, graphite, gold, nickel, iron, and rare earth elements. It has interests in the graphite project in south east of Tanzania; coal projects in the Southern and Central Tanzania, and Western Australia and Northern Territory Pine Creek gesoyncline in Australia; and Coal projects in Tanzania, as well as nickel-iron deposits in the north of Tanzania. The company was formerly known as Uranex Limited and changed its name to Magnis Resources Limited in September 2014. Magnis Resources Limited is based in Sydney, Australia.

5 Employees
Last Reported Date: 08/19/14

magnis resources ltd (U1P) Top Compensated Officers

Head of Operations and Member of Sustainabili...
Total Annual Compensation: A$260.0K
Compensation as of Fiscal Year 2014.

magnis resources ltd (U1P) Key Developments

Magnis Resources Ltd Signs Binding Offtake Agreement with China National Materials Import and Export Corporation

Magnis Resources Ltd. has signed a binding Offtake Agreement with China National Materials Import and Export Corporation (SINOMA). Under the Offtake Agreement, SINOMA has agreed to purchase 80,000 tonnes of graphite per annum across all size ranges for a period of 5 years with an option to extend. This agreement follows SINOMA's evaluation of graphite samples from Magnis's Nachu project.

Uranex Limited Announces Resignation of Peter Sarantzouklis as Chairman

Uranex Limited announced the resignation of Peter Sarantzouklis as Chairman after he informed the Board of his decision to step down effective August 29, 2014. In the interim Mr. Poullas will take on the role of Non-Executive Chairman.

Uranex Limited Auditor Raises 'Going Concern' Doubt

Uranex Limited filed its Annual on Aug 19, 2014 for the period ending Jun 30, 2014. In this report its auditor, Ernst & Young LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.


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