Black Ridge Mining NL (BRD) recently transformed from a company firmly ensconced in the biomedical research and development industry, to a mineral exploration company, with a view to assess with an open mind, any and all mineral opportunities presented, with its main focus on enhancing value adding wealth creation, for its shareholders.

We welcome new shareholders to the company and trust those who have been with us in our earlier development, enjoy the benefits of the change.

UNALY HILLS
Centered on the Ferro/vanadium deposit in the mid west region (Unaly Hill), south of Sandstone. The geographical area is well documented historically, with various operators having successfully extracted gold, vanadium (Windamurra) and more recently iron ore, to feed into the ever growing demand from China for that commodity. Indeed, the mid west region is being promoted globally, as potentially the next large exporter of iron ore for Western Australia. Both Government and publicly listed companies are investing enormous amount of resources into seeing this become a reality in the medium to long term.

Drilling results and analytical modeling at Unaly Hill indicate that there is potential for a magnetite operation with vanadium credits, subject of course to, a more detailed exploration program being put in place. This is particularly relevant, when the deposit is assessed in concert with neighboring properties, which greatly expands the potential for further exploration and development on a much larger scale.

In June 2009, BRD in conjunction with Quest Minerals Ltd (QNL), entered into an Exclusive Dealing Agreement with Shanxi Donghui Coal Coking and Chemicals Group Co Ltd (Donghui Group) of China, in respect of the Unaly Hill tenement and QNL’s Victory Bore tenement immediately north, to investigate the potential for commercially developing the indicated magnetite deposit running through the centre of both companies properties. Aeromagnetic analysis and 3D modeling, highlighting certain areas of highest expectations and, a brief diamond drilling program, commenced to establish a path forwards with the negotiations. The determination of the agreement is due to be completed prior to February 18 2010.

PT. INMAS ABADI COAL DEPOSIT
Black Ridge Mining NL (BRD) has entered into an exclusive dealing and non-circumvention agreement (Agreement) with Indonesian coal producer PT. Inmas Abadi (PIA) in relation to PIA’s subbituminous coal deposit in Benkulu Province, Sumatra (Licence No.KP#124.K/2013/DDJP/1996). The Benkulu Province is one of the most significant coal producing regions in Indonesia.

Under the Agreement, BRD has the exclusive right for a period of 5 months to conduct further legal and geological inquiries and to determine whether it will participate in the development of the deposit under a joint venture or similar arrangement with PIA. The licence has a total area of 7,687 hectares of which preliminary investigation and at depth testing has taken place on 1,000 hectares, with early indications of an extensive resource. The licence area is located to the north of a deep water river suitable for hauling to Air Rami with total haulage approximately 60 kms (road and barge). There has been considerable trenching and drilling undertaken in 1,000 ha block A, and BRD intend to concentrate the period of Due Diligence in confirming the data available. A full report is being prepared for the company including, an independent  consultant’s report from Singapore which will add substantially to the process of establishing historical estimations of resource.

OTHER PROSPECTS
The Company has additionally begun to broaden the search for high yielding opportunities overseas and in particular, has recently been undertaking studies of various commodities in nearby Indonesia and the Philippines. It is the belief of the Board that we should not limit our scope merely to the local mining areas although, as the opportunities arise, they will be assessed based on the future merits to the Company given the vast amount of resources as yet, undeveloped in Australia.

Mr Roger Smith - Non-executive Chairman

Mr Gordon Hatch - Managing Director

Mr Angus Middleton - Non-executive Director

Mr David Semmens - Company Secretary

For more information on Black Ridge's Directors click here

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