| Extension of Option Period - Lumwana West, Zambia | |
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ASX announcement
20 August 2015
Extension of Option Period
- Lumwana West, Zambia
Argonaut Resources NL (ASX: ARE) (Argonaut or the Company) is pleased to announce the extension of phase one of the option agreement with Antofagasta plc (Antofagasta) for the Lumwana West copper project in Zambia.
On 28 April 2014, Argonaut announced the execution of an option agreement (the Agreement) with a wholly owned subsidiary of Antofagasta for the exploration and development of the Lumwana West project in Zambia.
The parties have executed an amendment to the Agreement to extend the first option period to 28 October 2015.
During the first option period, Argonaut and Antofagasta have tested nine regional copper targets on the Lumwana West licence as well
as further testing the Nyungu deposit by drilling a total of 8,129m of Diamond drill core.
Lindsay Owler
Director and CEO
Argonaut Resources NL
Argonaut Resources NL ABN 97 008 084 848
Registered Office
Suite 4, Level 9
341 George Street
Sydney, NSW, 2000, Australia
T +61 2 9299 9690
F +61 2 9299 9629
E [email protected]
Adelaide Office
Level 1
63 Waymouth Street Adelaide, SA, 5000, Australia T +61 8 8231 0381
F +61 8 8231 6092
E [email protected]
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Argonaut Resources NL
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DEVELOPMENT STAGE |
CODE : ARE.AX |
ISIN : AU000000ARE9 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Argonaut is a gold and copper exploration company based in Australia. Argonaut develops gold, copper and zinc in Australia, and holds various exploration projects in Australia and in Laos. Its main asset in development is MT.KROOMBIT in Australia and its main exploration properties are CENTURY AREA and XEKONG in Laos and TORRENS PROJECT, LAKE TORRENS and MT PARRY in Australia. Argonaut is listed in Australia. Its market capitalisation is AU$ 80.6 millions as of today (US$ 52.4 millions, € 48.9 millions). Its stock quote reached its highest recent level on January 14, 2011 at AU$ 0.19, and its lowest recent point on September 19, 2023 at AU$ 0.00. Argonaut has 813 849 984 shares outstanding. |