ABOUT US

Malachite Resources Limited is a Sydney-based, Australian resources company which is focused on gold, silver, copper and tin in eastern Australia, because

  • GOLD is real wealth;
  • SILVER is both a precious metal and a critical industrial metal;
  • COPPER is a fundamental building block of modern living;
  • TIN is a high value metal in strong demand as a non-toxic alternative to lead; and
  • EASTERN AUSTRALIA is well endowed with these metals.

Malachite has been successful as an explorer and is now making the transition to emerging miner, as it seeks to develop its first mine.

Malachite is listed on the Australian Stock Exchange (Code: MAR) and also trades in Frankfurt (Code: MUW.F) and Berlin (Code: MUW.BE). There are approximately 699 million Malachite shares on issue.

More detailed corporate information about Malachite can be found at our INVESTOR CENTRE.

Key projects in the company’s portfolio include:

LORENA GOLD

  • LORENA is a wholly owned, high grade gold deposit that was acquired by the company in February, 2011.
  • It is expected to be the principal focus of exploration and evaluation activity by Malachite in 2011.
  • Lorena contains approximately 78,000 ounces of gold in resource and has excellent further potential.
  • The project is located about 15km east of Cloncurry in northwest Queensland and only 2km from the paved Flinders Highway.
  • Malachite is undertaking a drilling program in 2011 aimed at increasing the resource sufficiently to allow a mining feasibility study to be undertaken.
  • The objective is to develop a new open pit gold mine at Lorena producing 50,000 ounces of gold per annum by early 2013.
  • Significant copper-gold potential has also been recognised at Lorena and this is being explored further in conjunction with the resource drilling program.
  • Exploration for new deposits on adjoining tenements will take place progressively as they are granted to the company.

CONRAD SILVER

  • CONRAD is a silver-rich multi-metal mineral deposit, containing silver, tin, copper, lead, zinc and indium.
  • Silver represents 45-50% of the total value, while tin accounts for 25-30% of the total.
  • High grade ore is concentrated into discrete shoots that are contained within a well defined linear structure which is mineralised over a length of at least 4km.
  • The project is held 100% by Malachite and is located 25km south of Inverell in northern NSW, where it is well served by existing infrastructure.
  • The Conrad deposit offers good metallurgy and favourable underground mining conditions.
  • Drilling to date has delineated a total mineral resource containing 19.2 million silver equivalent ounces, including 6.2 million silver equivalent ounces in a high grade component.
  • Future activity will be aimed at enhancing both the quantity and quality of the mineral resource by detailed drilling and underground bulk sampling.
  • This work will initially target the Princess Shoot, which is characterised by the presence of an attractive silver-copper-tin ore type.
  • The intention is to make Conrad the company’s second new mine, utilising cash flow from Lorena.

PIKEDALE

  • Pikedale is an early stage exploration project located about 30km west of Stanthorpe in southern Queensland.
  • Malachite took up the Pikedale EPM to explore for possible Conrad style mineralisation, whose presence is suggested by the metal assemblage recorded for the old Pikedale mine workings.
  • To date, the most promising results have been obtained at a new prospect known as Lickhole.
  • At the Lickhole prospect, geochemically anomalous ironstones, with locally high to very high values in copper, zinc and silver, have been mapped.
  • Geophysical surveying by Malachite has identified by strong IP chargeability anomalies underlying the ironstone outcrops.
  • Drilling is planned at Lickhole in 2011.

TOOLOOM GOLD

  • TOOLOOM is located in northeast New South Wales and is held 100% by Malachite.
  • Gold mineralisation at Tooloom is analogous to the intrusion-related gold deposits of the Tintina Belt in Alaska and the Yukon.
  • Several targets of this type have been identified at Tooloom, including Phoenix, which is a billion tonne low grade gold-bearing sulphide system.
  • The best mineralisation at Phoenix outlined by drilling to date is within a breccia pipe.
  • Deep drilling is required at Phoenix to test its potential more thoroughly.
  • Elsewhere at Tooloom, drilling at the Joes Gully prospect has also returned encouraging results, including 1m @ 29g/t Au and 1m @ 5.2g/t Au.

For more detailed information on our projects please go to PROJECTS.
 
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