| Segue Acquires a 100% Interest in the Plumridge East Joint Venture | |
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22 December 2014
Market Announcements Platform
ASX Limited
Exchange Centre,
20 Bridge Street
Sydney NSW 2000
SEGUE ACQUIRES A 100% INTEREST
IN THE PLUMRIDGE EAST JOINT VENTURE
ASX Code: SEG
Segue Resources Limited (Segue or the Company) is pleased to advise that it has entered into an unconditional agreement to acquire Fraser Range Metals Group Limited's (FRMG) interest in the Plumridge East Joint Venture (Joint Venture) for $200,000. Segue is currently earning an 80% interest in the Joint Venture and following completion of the transaction, scheduled for early January 2015, Segue will own a 100% interest in the Joint Venture.
The Joint Venture covers two tenements (E39/1731 and E28/2317) at the Plumridge Nickel Project in the Fraser Range Province of Western Australia (Figure 1). The Company's most advanced exploration target, E21, is located within the Joint Venture tenement E39/1731. Segue is currently undertaking a detailed gravity survey over the E21 Target (see announcement on 17 December 2014), which is expected to be completed by the end of December 2014 (Figure 2).
Segue is one of the largest tenement holders in the Fraser Range Province and now owns a 100% interest in all of its tenements, which total over 4,200km2 (Plumridge and Deralinya Projects) and has applications for a further 300km2 of tenements adjacent to the existing Plumridge Project area.
Figure 1 - Plumridge East JV and Plumridge Project tenements
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Figure 2 - Detailed gravity survey at E21 Target
For further information visit www.segueresources.com or contact:
Segue Resources Limited Mr Steven Michael Managing Director
T: +61 8 9383 3330
E: [email protected]
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Segue Resources Pty Ltd.
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EXPLORATION STAGE |
CODE : SEG.AX |
ISIN : AU000000SEG4 |
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Segue Res. is a nickel and copper exploration company based in Australia. Its main exploration properties are HIGHWAY & SUPPLY WELL PROJECT, CORONET HILL and PARDOO (HIGHWAY AND SUPPLY WELL) in Australia. Segue Res. is listed in Australia. Its market capitalisation is AU$ 34.1 millions as of today (US$ 22.8 millions, € 20.7 millions). Its stock quote reached its lowest recent point on March 17, 2017 at AU$ 0.00, and its highest recent level on October 22, 2021 at AU$ 0.34. Segue Res. has 109 970 000 shares outstanding. |