Black Ridge Mining NL (BRD) transformed from a company firmly ensconced in the biomedical research and development industry, to a mineral exploration company, with a view to assess with an open mind, any and all mineral opportunities presented, with its main focus on enhancing value adding wealth creation, for its shareholders.

Since 2008 the company has actively pursued opportunities within the Western Australian mining areas, and have been encouraged by the early results of that pursuit.

More recently, management has broadened the geographical and geological scope of its brief to allow projects of varied commodities to be sourced and tabled.

We welcome new shareholders to the company and trust those who have been with us in our earlier development, enjoy the benefits of the change.

The Directors believe that the transition into the mineral exploration industry will have a far greater impact on shareholder wealth in the next period of the company’s development and plans to vigorously seek out those opportunities.

UNALY HILLS

Centered on the Ferro/vanadium deposit in the mid west region (Unaly Hill), south of Sandstone. The geographical area is well documented historically, with various operators having successfully extracted gold, vanadium (Windamurra) and more recently iron ore, to feed into the ever growing demand from China for that commodity. Indeed, the mid west region is being promoted globally, as potentially the next large exporter of iron ore for Western Australia. Both Government and publicly listed companies are investing enormous amount of resources into seeing this become a reality in the medium to long term.

Drilling results and analytical modeling at Unaly Hill indicate that there is potential for a magnetite operation with vanadium credits, subject of course to, a more detailed exploration program being put in place. This is particularly relevant, when the deposit is assessed in concert with neighboring properties, which greatly expands the potential for further exploration and development on a much larger scale.

BRD, in recent times, have held discussions with Quest Minerals Ltd. (QNL) in respect of the Unaly Hill tenement and QNL’s Victory Bore tenement immediately north, to investigate the potential for commercially developing the indicated magnetite deposit running through the centre of both companies properties. Aeromagnetic analysis and 3D modeling, highlighting certain areas of highest expectations and, a brief diamond drilling program, commenced to establish a path forwards with the negotiations.

Since opening these discussions, a short term diamond drilling program  has been completed with major intersections of mineralization encountered, as released to the market on December  18 2009. The company is extremely pleased with these highly prospective assays of magnetite, vanadium and titanium and look forward to further developments early in 2010.

PT. INMAS ABADI COAL DEPOSIT

OTHER PROSPECTS
The Company has additionally begun to broaden the search for high yielding opportunities overseas and in particular, has recently been undertaking studies of various commodities in nearby Indonesia and the Philippines. It is the belief of the Board that we should not limit our scope merely to the local mining areas although, as the opportunities arise, they will be assessed based on the future merits to the Company given the vast amount of resources as yet, undeveloped in Australia.

Mr Roger Smith - Non-executive Chairman

Mr Gordon Hatch - Managing Director

Mr Angus Middleton - Non-executive Director

Mr David Semmens - Company Secretary

For more information on Black Ridge's Directors click here