Interim Financial Results

RNS Number : 1735T

IronRidge Resources Limited

24 March 2016

 

24 March 2016

IronRidge Resources Limited

(AIM: IRR)

Interim Results for the six months ended 31 December 2015

The Board of IronRidge Resources Limited, ("IronRidge" or the "Company") is pleased to advise all shareholders and interested investors of the release of the Company's interim results for the half year ended as at 31 December 2015. A full copy of the report is available via the Company's website (www.ironridgeresources.com.au) or by clicking the below (PDF):

 http://www.rns-pdf.londonstockexchange.com/rns/1735T_-2016-3-24.pdf

For Further Information:

IronRidge Resources Limited
Vincent Mascolo (Chief Executive Officer)	Tel: [phone]
Nicholas Mather (Executive Chairman)	Tel: [phone]
SP Angel Corporate Finance LLP	Tel: [phone]
Nominated Adviser and Broker
Jeff Keating Tercel Moore Yellow Jersey PR Limited Financial PR Dominic Barretto	Tel: [phone]

Notes to Editors:

IronRidge Resources is an AIM listed mineral exploration company with frontier assets in both Australia and West Africa, with two province scale projects in Gabon, and promising and advanced titanium and bauxite projects in Queensland Australia.  IronRidge's corporate strategy is to create and sustain shareholder value through the discovery of world-class and globally demanded commodities.

Tchibanga:

Located in south-western Gabon, in the Nyanga Province, within 10-60km of the Atlantic coastline.  This project comprises two exploration licenses, Tchibanga and Tchibanga Nord, which cover a combined area of 3,396km² and include over 90km of prospective lithologies and the historic Mont Pele iron occurrence.

Belinga Sud:

Located in the north east of Gabon in the Ogooue-Ivindo Province, approximately 400km east of the capital city of Libreville.  IRR's licence lies between the main Belinga Iron Ore Deposit, believed to be one of the world's largest untapped reserves of iron ore with an estimated 1bt of iron ore at a grade >60% Fe, and the route of the Trans Gabonese railway, which currently carries manganese ore and timber from Franceville to the Port of Owendo in Libreville.

Australia:

Monogorilby is prospective for province scale titania and bauxite whilst Quaggy has shown strong anomalies of platinum palladium nickel cobalt and copper.  Monogorilby is located in central Queensland, within a short trucking distance of the dormant rail system leading north to the Port of Bundaberg.  It is also located within close proximity of the active Queensland Rail network heading south towards the Port of Brisbane.

Corporate:

IronRidge made its AIM debut in February 2015 successfully securing strategic alliances with three international companies; Assore Limited of South Africa, Sumitomo Corporation of Japan and DGR Global Limited of Australia.  Assore is a high- grade iron, chrome and magnesium mining specialist.  Sumitomo Corporation is a global resources, mining marketing and trading conglomerate.  DGR Global is a project generation and exploration specialist.

The Board of Directors is represented by mining industry professionals with a broad range of corporate, exploration, production, contracting and capital markets experience.  The Company was admitted on 12 February 2015 (Ticker Code IRR) and currently has 236,612,203 shares and 14,770,000 unlisted options on issue.

 

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