ASX 1.87% $66.42 asx limited

to sirjaycee re ext

  1. 355 Posts.
    EXTRACT RESOURCES LTD [EXT]


    PRINCIPAL ACTIVITY
    Extract Resources Limited (EXT, formerly Tuart Resources Limited) is a minerals
    exploration company with interests in the Gawler Craton in South Australia and
    the Coolgardie Mineral Field in Western Australia. The projects are prospective
    for base metals and gold. Prior to a period of administration in 2003, the
    company was formerly involved in grape growing, holding vineyards in Southern
    Western Australia.

    OPERATIONAL RESTRUCTURE: The company was suspended on 25 July 2002 and was
    subsequently placed into administration on 13 January 2003. The company was
    removed from administration on 23 July 2003 following the execution of a deed of
    company arrangement. As part of the Deed, the company intended to pursue new
    minerals exploration projects both domestically and overseas by way of
    acquisition, farm-in and/or investment. The company also holds real estate
    adjacent to a vineyard in Southern Western Australia as part of the company's
    former vineyard operations, which is subject to a secured creditor.

    GAWLER CRATON: The company holds two tenements in the Gawler Craton, located
    120km NW and 160km NW of Port Augusta in South Australia. The tenements are
    prospective for gold and base metals, particularly Olympic Dam style projects.

    YILGANGI: The project is located 100km NE of Kalgoorlie in the Coolgardie
    Mineral Field in Western Australia. The project is prospective primarily for
    gold.



    DIRECTORS
    Mr Martin Lawrence Bennett
    Mr Gary Christian Steinepreis
    Mr Hugh David Warner


    PRINCIPALS
    Chairman Mr Martin Lawrence Bennett
    Company Secretary Mr Gary Christian Steinepreis


 
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