www.abmresources.com.au
ABM Resources' (ASX: ABU) projects include the Twin Bonanza Project – a cluster of high grade and bulk tonnage targets.
Following the acquisition of certain Exploration Licenses and Exploration License Applications from Tanami Gold (ASX: TAM) and Newmont (NYSE: NEM) in the Northern Territory, ABM Resources is now one of the largest land-holders in Australia exploring for gold and gold-copper deposits.
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Company Statement:
OVERVIEW (OBJECTIVE AND VALUES)
Unlocking the potential of Australia’s final frontier by bringing a new approach to discover tier one, Gold and Gold-Copper deposits.
The guiding principles to which the Company's personnel strive to comply are:
* Performance (Strive to excel) through expressing energy and initiative, working as a team, being accountable for all actions and always reaching for continuous improvement.
* Simplicity (Keep it simple) through focusing on priorities, avoiding bureaucracy, communicating clearly and striving to being quickly understood.
* Leadership (Show the way) through providing positive direction in a dynamic context, thinking strategically, being innovative and creative in a way that is inspiring to others.
* Commercial focus (Treat the company as if you owned it) by being financially responsible, making ruthlessly objective decisions, staying fully informed, understanding the market and working always to create long term shareholder value.
* Integrity (Always doing the right thing) through always acting with openness, honesty, authenticity and respect to all stakeholders including the global community. The company expresses its dignity through the dignity of its office bearers.
Current Operations:
TWIN BONANZA PORPHYRY GOLD PROJECT
The Twin Bonanza Project is located in the Tanami Region of the Northern Territory approximately 22 km south of the Tanami Road and 14 kilometres east of the Western Australia / Northern Territory Border.
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Figure 1. Twin Bonanza Location Map |
The project contains:
- The Buccaneer Zone – a gold porphyry system extending over 200,000 sq m.
- Old Pirate – Gold bearing quartz veins over a 3km strike length.
- Cypress (Buccaneer North extensions) – gold porphyry target.
- Anomaly 19 – 2.5 km arsenic + base metal anomaly
The Buccaneer Porphyry is an intrusive related gold system. On a broad scale the Buccaneer Porphyry consists of a 3km by 1.6km gold anomaly defined by shallow geochemistry drilling. Within this zone an area approximately 200,000 square metres has received further deeper drilling. ABM has currently completed 30 holes at Buccaneer to test the system from surface to depths >350metres.
The Buccaneer Porphyry is an intrusive related /porphyry gold system of comparable or larger footprint than many world-class systems.
ABM’s recent drill results include the following:
• 363m @ 0.59g/t gold including:
• 202m @ 1.00g/t gold
• 39m @ 2.24g/t gold
• 341 metres grading 0.69g/t gold including:
• 93 metres grading 0.70g/t gold and
• 127 metres grading 1.18g/t gold including:
• 67metres grading 2.07g/t gold (0.7g/t cut-off)
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The Old Pirate prospect is located 1.8km southwest of the Buccaneer Porphyry Gold Project and contains multiple high grade gold veins up to several metres wide. ABM has completed the two phases of drilling at Old Pirate testing the OP Central / South areas. Many of the veins outcrop at surface with coarse visible gold and rock-chip samples >2000g/t.
Significant drill intercepts from ABM’s drilling include:
• 43m @ 7.00g/t gold (0.3g/t cut-off) including:
• 17m @ 16.72g/t gold (0.7g/t cut-off
• 10m @ 1.3g/t gold (1.0g/t cut-off)
• 5m @ 2.56g/t gold (1.0g/t cut-off)
• 5m @ 274g/t gold (1.0g/t cut-off) including:
• 1m @ 1360g/t (2.0g/t cut-off)
Management
Dr Mike Ethe
ridge - PhD, FTSE, FAIG, FAICD
Non-Executive Chairman
Dr Mike Etheridge is a geologist with over 35 years’ experience in exploration, mining, consulting and research.
Until 2004 he was Chairman of the consulting firm SRK Consulting (Australia), having co-founded its predecessor, Etheridge Henley Williams in 1990. Dr Etheridge is an Adjunct Professor at Macquarie University, where he led an industry collaborative research project into improving the management of risk and value in mineral exploration.
He is currently a Non-executive Director of Lihir Gold Ltd (ASX, POMSoX, NASDAQ, TSX), and has been an NED at Consolidated Minerals Ltd (ASX, AIM), Ariana Resources Ltd (AIM), Ballarat Goldfields NL (ASX) and Geoinformatics Exploration Inc (TSX-V), among others, during the last three years. He also chaired the boards of the Predictive Mineral Discovery Cooperative Research Centre and AuScope Ltd, two major government and industry-funded research bodies.
Mr Darren Holden - BSc Hons, MAusIMM
Managing Director
Mr Holden is a geologist with over 15 years experience in mining and exploration. He is a graduate of the University of Otago (NZ) and The University of Western Australia and is a Member of the Australasian Institute of Mining and Metallurgy.
Mr Holden has previously held the role of Senior Consultant at Fractal Geoscience and was involved in modeling and targeting on a wide range of deposit styles. Mr Holden was a leading member of the team that won the GoldCorp Challenge in 2001. Mr Holden also held the role of Chief Operating Officer of Geoinformatics Exploration Inc for the period of 2001 to 2009. Mr Holden was based in Vancouver and helped guide Geoinformatics through the GFC and into a merger with Rimfire Minerals Corp to form Kiska Metals Ltd. Under Mr Holden’s exploration tutelage Geoinformatics successfully delineated several new discoveries including a multimillion ounce gold-copper project in Alaska and other base and precious metal discoveries in British Columbia, Nevada and Mexico.
Mr Holden returned to Perth to take up the position of Managing Director at ABM Resources NL.
Mr I. Kins - BEc.MA
Executive Director
Mr Kins is currently part time Executive Director of ABM Resources NL. Mr Kins is an Economist with over 25 years experience specialising in the resource sector. He has a Bachelor of Economics from the University of WA and a Master of Arts (Futures studies) degree from the Curtin University of Technology.
Mr Kins has worked in the State Government (including industrial and resource development) and then mainly the private sector in regards to the resource sector.
Since 1987 he has mainly worked as a consultant to the resource sector undertaking projects with exploration and mining companies, investors and brokers. He was appointed the Managing Director of the Company in October 2005 and Executive Chairman in April 2007. As from 23 November 2009 he became a part time Executive Director. Mr Kins brings extensive resource sector based strategic planning, macroeconomic and corporate governance experience to the board.
Graeme Sloan - BAppSc, MAusIMM
Non-Executive Director
Graeme Sloan is a Mining Engineer with extensive corporate and operational experience both within Australia and overseas and is currently Managing Director/CEO of Tanami Gold NL and a Non Executive Director of Orion Gold NL. He has held senior roles with several ASX listed companies and has been responsible for the successful development, implementation and commissioning of various projects over a range of different commodity types.
Major Shareholders
40 LARGEST SHAREHOLDERS - ORDINARY SHARES as at 31 July 2011
Contact Information
Registered/Principle Office
Level 1, 141 Broadway
Nedlands, WA, 6009
Telephone: +61 8 9423 9777
Fax : +61 8 9423 9733
Postal Address
Level 1, 141 Broadway
Nedlands, WA, 6009
Directors
Dr Mike Etheridge
Mr Darren Holden
Dr Graeme Sloan
Mr Imants Kins
Secretary ICFO
Ms Jutta Zimmermann
Corporate Information
Bankers
Commonwealth Bank of Australia
Head Office
150 St Georges Terrace
Perth WA 6000
Share Registry
Security Transfer Registrars Pty Ltd
770 Canning Highway
Applecross WA 6153
Telephone: +61 8 9315 2333
Solicitors
Steinepreis Paganin
Level 4, Next Building
16 Milligan Street
Perth WA 6000
Stock Exchange
Australian Stock Exchange Limited
Code: ABU

































