www.gunson.com.au
Gunson Resources is focused on exploration for and development of mineral deposits in Australia. Since its public listing in 2000, Gunson has discovered then completed a Definitive Feasibility Study, in January 2010, on its Coburn Zircon Project in Western Australia and completed a Pre Feasibility Study, in October 2009, on its Mount Gunson Copper Project in South Australia.
A 15 month Bankable Feasibility Study on the Mount Gunson commenced at the end of 2009, with strong interest being shown by several commodity trading houses in funding this Study and the subsequent mine development.
Gunson Resources substantial shareholder ups interest
Gunson Resources (ASX: GUN) substantial shareholder John Tilbrook has increased his stake in the company.
Tilbrook purchased 2.19 million shares for an average price of $0.206 per share, for a total consideration of $452,133.
The move takes Tilbrook’s interest in Gunson to 7.82%, from 6.77%.
Earlier this month Gunson signed a Front End Engineering, Design and Approvals study agreement with DBP Services to provide the design, construction and capital cost information for a 110 kilometre long lateral gas pipeline to the proposed Coburn power station.
The pipeline will link to the main Dampier to Bunbury Natural Gas Pipeline to the east of the power station.
Gunson is also looking to team up with a major East Asian industrial group, signing a non-binding term sheet in November 2011 that would allow the major to earn a large minority joint venture interest in Coburn.
The deal is well advanced, with completion of due diligence and the agreement of detailed documentation expected in February 2012.
