1. Most Discussed
  2. Gainers & Losers
EM1 1.4¢

article in the age newspaper

  1. stocko

    8,034 Posts.


    Home > Business > News > Article
    Gippsland gains licence for Egyptian resource
    September 23, 2003

    Print this article
    Email to a friend

    Gippsland's 50 per cent owned Tantalum Egypt joint venture has had its resource reserves tripled with the granting of a licence to explore the mothballed Nuweibi tantalum deposit.

    The Perth-based junior miner said yesterday the licence would increased the venture's resource base to 122 million.

    The Nuweibi deposit, 15 kilometres from Tantalum Egypt's 40 million tonne Abu Dabbab project, was first discovered in the '70s. The project was interrupted due to low tantalum prices.

    Gippsland called a trading halt on September 18 before releasing details of the new permit to the Australian Stock Exchange yesterday.

    The halt was lifted yesterday and Gippsland shares closed ahead 2.5¢ at 8.5¢ - a 42 per cent gain. Gippsland chairman Robert Telford said the permit gave Tantalum Egypt the sole right to convert to a mining licence during its four-year life.

Before making any financial decisions based on what you read, always consult an advisor or expert.

The HotCopper website is operated by Report Card Pty Ltd. Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.

From time to time comments aimed at manipulating other investors may appear on these forums. Posters may post overly optimistic or pessimistic comments on particular stocks, in an attempt to influence other investors. It is not possible for management to moderate all posts so some misleading and inaccurate posts may still appear on these forums. If you do have serious concerns with a post or posts you should report a Terms of Use Violation (TOU) on the link above. Unless specifically stated persons posting on this site are NOT investment advisors and do NOT hold the necessary licence, or have any formal training, to give investment advice.


Thank you for visiting HotCopper

We have detected that you are running ad blocking software.

HotCopper relies on revenue generated from advertisers. Kindly disable your ad blocking software to return to the HotCopper website.

I understand, I have disabled my ad blocker. Let me in!

Need help? Click here for support.