-causing some interest as it lists on AIM

  1. 7,397 Posts.
    RTM
    Reefton new listing on the Alternative Investment Market of the London Stock
    Exchange ,could be causing some movement in the share price ,

    Reefton have diamond and tantalite mining tenements on the coast of Namibia







    Code Last ……. Bid . Ask.. .. …Volume
    RTM…………..6.2… 8…….…557,233

    Or some good good leverage to be had in Reefton options @RTMO ….1.3c

    ********************


    Admission Document re Alternate Investment Market

    REEFTON MINING NL 2002-05-16 ASX-SIGNAL-G

    HOMEX - Perth

    +++++++++++++++++++++++++
    Application has been made for the Ordinary Shares to be admitted to
    trading on the Alternative Investment Market of the London Stock
    Exchange plc.

    It is expected that trading will commence on AIM in the
    Ordinary Shares on 20 May 2002. AIM is a market designed primarily
    for emerging or smaller companies to which a higher investment risk
    tends to be attached than to larger or more established companies.
    AIM securities are not admitted to the Official List of the United
    Kingdom Listing Authority. A prospective investor should be aware of
    the risks of investing in such companies and should make the decision
    to invest only after careful consideration and, if appropriate,
    consultation with an independent financial adviser.

    REEFTON MINING NL
    (Incorporated and registered in Australia with Australian Company No
    010 546 675)

    INTRODUCTION TO THE ALTERNATIVE INVESTMENT MARKET

    Nominated Adviser Broker
    Seymour Pierce Limited Seymour Pierce Ellis Limited

    Share capital immediately following Admission
    Issued and fully paid number of Ordinary Shares
    143,716,647

    EXPECTED TIMETABLE OF PRINCIPAL EVENTS

    Date of publication of Admission document 15 May 2002

    Dealings commence on AIM in the Ordinary Shares 8.00am on 20 May 2002

    MORE TO FOLLOW



    Project Update

    REEFTON MINING NL 2001-11-21 ASX-SIGNAL-G

    HOMEX - Perth

    +++++++++++++++++++++++++
    TANTALITE

    In addition to the ongoing exploration of the Sandamap - Erongo
    pegmatite belt, that has been shown to have extensive tantalite
    mineralisation within a 60 kilometre strike length, Reefton Mining NL
    has moved to strengthen its position as a potential future supplier
    of tantalite by entering into a strategic alliance with Rusina Mining
    Limited, who have today announced the acquisition of two Exclusive
    Prospecting Licences located in central Namibia.

    The licences, EPL 2938 and 2939, cover an area of 1,980 square
    kilometres incorporating the majority of the highly prospective
    Nainais-Kohero tin-tantalum pegmatite belt located 20 kilometres
    north of Reefton's Erongo tenements.

    In accordance with Reefton's objective of becoming a significant
    producer and supplier of tantalite, the terms of the agreement grant
    Reefton the right to soil and market all of the tantalite produced
    from EPL 2938 and 2939 on behalf of Rusina Mining Limited. Further,
    the agreement also provides Reefton a right to provide Up-stream
    Processing services to Rusina, a service that would result in
    substantial improvements in capacity utilisation of a processing
    plant at the time both entities commenced commercial production of
    tantalite concentrate.

    DIAMONDS

    SKELETON COAST DIAMOND PROJECT, (100%) - NAMIBIA
    DRILLING PROGRAMME, EPL 2698, 2699, 2700

    EPL 2698, HENTIES BAY

    Drilling has delineated a 25 kilometre width of the ancient Omaruru
    delta and an 8 kilometre width of the ancient Cape Cross delta.
    Diamonds have previously been recovered from these coastal
    sedimentary deposits of the Omaruru River system near Henties Bay.

    The drilling has determined depths to bedrock varying from 5 to 27
    metres and the presence of stratified fluvial gravels and marine
    sediments.

    The advancement of geological understanding of the ancient delta's
    distribution of fluvial and marine sediments and gravels, and the
    bedrock morphology will now lead to delineation of targets where the
    diamonds may have been concentrated. There is no known previous
    drilling in the area apart from shallow water bores.

    MOWE BAY - EPL 2699 (100%)

    The first phase of drilling has been completed over the beach
    deposits where gravel terraces occur over a 35 kilometre length and
    lying parallel to the coast where diamonds have previously been
    recovered. Gravel thicknesses of 1 to 3 metres have been intersected
    overlying the basement rocks composed of granite, volcanic and
    metamorphic rocks. The platform base to the gravels is rocky and
    highly variable forming an ideal base for abundant trap sites for
    diamonds.

    It is significant that all of the holes drilled so for have
    intersected marine gravels and sediments. The extent of the gravel
    terraces and their thickness signifies the presence of substantial
    volumes of gravels. The elevation of the gravel terraces vary from 3
    metres near the coast to 35 metres inland with the gravels forming a
    continuous sheet over a width of up to 3 kilometres.

    CAPE FRIA - EPL 2700 (100%)

    Drilling to the north of Mowe Bay at the Rocky Point area has
    delineated gravels of 0.5 to 1 metre thick lying directly on bedrock
    and covered by areas of shallow wind blown sand. The area being
    assessed is approximately 30 kilometres long and up to 5 kilometres
    in width, which also has potential for substantial gravel volumes.

    SKELETON COAST DIAMOND PROJECT, (100%) - NAMIBIA
    DIAMOND BULK SAMPLING, EPL 2698, 2699, 2700

    A Dense Media Separation (DMS) plant is being sourced in southern
    Africa to bulk process gravel samples.

    HEAVY MINERAL SANDS

    SKELETON COAST HEAVY MINERAL SANDS PROJECT, (100%) - NAMIBIA
    HENTIES BAY - EPL 2698

    Heavy mineral sands samples taken at Henties Bay on the modern beach
    returned 4.6% ilmenite and 0.3% rutile. Further testwork is in
    progress.

    G Hemming
    DIRECTOR

    This report accurately reflects information compiled by Mr G R
    Hemming, NAusIMM, MAIG, a Director of Roscoria Pty Ltd who is a
    competent person as defined by the Australasian Code for Reporting of
    Identified Minerals Resources and Ore Reserves and accurately
    reflects the information complied by the competent person
 
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