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Additional Information
Market: ASX
Sector: General Mining
EPIC: CAP
Latest Price: A$0.29  (0,00%)
52-week High: A$0.51
52-week Low: A$0.18
Market Cap: A$29.26M
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Carpentaria Exploration
www.carpentariaex.com.au

Carpentaria Exploration (ASX: CAP) is an exploration company focused on discovering base, precious metals and bulk commodities in eastern Australia. The company currently has interests in iron ore, tin, gold, copper and coal exploration projects. Discoveries to date include: Hawsons Iron Project - NSW and the Euriowie Tin Project - NSW.

Full Carpentaria Exploration profile here
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Carpentaria Exploration 18% share spike prompts ASX price query

8th Dec 2010, 9:09 am

With an 18% share spike to $0.66 yesterday from $0.56 on Monday 6 December, the ASX initiated a price query to Carpentaria Exploration (ASX: CAP).

Carpentaria said it was not aware of any material information that had not been announced to the market, but did state in a response that recent media attention, '... An article published by the Australian Financial Review on 6 December reiterated these results which include the pending release of a JORC compliant resource from our Hawsons Iron Project...'

The 'results' referred to the Carpentaria AGM presentation in late November.

Hawsons is close to infrastructure, located 60km southwest of Broken Hill, and 30km to the Port Pirie rail line, with no native title.

Bonython Metal Group is earning into the project, with the stage 1; cash to CAP $5.0m completed, with exploration funding $8.0m BMG vests 40%.

For stage 2; cash to CAP $25.0m by March 2011, BMG vests 51%.

For stage 3; feasibility study costs around $20.0m, and on completion cash to CAP $23.0m, BMG vests 80%.

CAP has free carried to production of 20mtpa.

Carpentaria shares closed higher yesterday, last trading at $0.685.

 

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