Hardey Resources Ltd (ASX:HDY)

Hardey Resources Ltd (ASX:HDY)


Share Price
$ 0.00
Change
0 (-25.00 %)
Market Cap
$7.95 m
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Hardey Resources Ltd

Hardey Resources Ltd is a Perth-based resources company focused on exploration and development. They are listed on the Australian Securities Exchange. 

EPIC: HDY
Market: ASX:HDY
52-week High/Low: A$0.02 / A$0.00
Sector: Mining
Market Cap: $7.95 m
Website: www.hardeyresources.com.au
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Big Picture – A Deep Dive Examination of Hardey Resources Ltd


Hardey Resources Ltd Snapshot

Hardey Resources (ASX:HDY) is a publicly listed, junior mineral resources company focused on the exploration and development of key demand-driven commodities.

Nelly Vanadium Mine

Nelly Vanadium Mine (NVM) is a 53-hectare tenement that is located 170km from the capital of San Luis Province in Argentina.

The mine has ready access to mains power and water supplies, while nearby towns can provide supporting services and a skilled labour pool. Further, the transportation infrastructure from the mine to key ports is more than adequate with well-formed gravel tracks, sealed highway and rail network in place.

(click here for more information on this project)


Burraga project

Consists of approximately 84 square kilometres (28 units) and has within its boundaries the village of Burraga, which is a short distance from the Lloyd’s Copper Mine. The Lucky Draw Gold Mine is located in the north-east sector of the tenement.

(click here for more information on this project)


Pilbara Conglomerate Gold Projects

The Company’s current focus is in discovering Paleo-placer Witwatersrand style mineralisation in the Pilbara region of Western Australia.

The Pilbara conglomerate-hosted gold projects consist of three exploration licences Bellary E47/3578, Hamersley E47/3827, and Elsie North E45/5020. Following the recent Phase 1 field programme at Bellary where 6 alluvial gold nuggets were found, the field team will be mobilising to Hamersley and Elsie North to undertake the initial mapping, stream sediment, rock chip sampling and metal detecting programs.

(click here for more information on this project)


Grace Project

Nelly Vanadium Mine (NVM) is a 53-hectare tenement that is located 170km from the capital of San Luis Province in Argentina.

The mine has ready access to mains power and water supplies, while nearby towns can provide supporting services and a skilled labour pool. Further, the transportation infrastructure from the mine to key ports is more than adequate with well-formed gravel tracks, sealed highway and rail network in place.

(click here for more information on this project)


Horseshoe South Project

This tenement is 5.5km2 and lies 4km to the south of the Horseshoe Lights Mine in Western Australia which is a VMS style high grade copper ore body. Over the past several years, Horseshoe Metals Ltd (ASX:HOR) has been delineating extensions to the south plunging ore-body with a consistent flow of encouraging results to the market. As recently as May 27, 2013, HOR reported copper results as high as 10% under the existing pit.

Due to its proximity to an existing high grade copper ore-body which was an economically viable mine in the recent past and continues to provide excellent drilling results; and is in a highly prospective region which includes the impressive De Grussa mine some 60-70km to the ESE,, the Company considers this tenement a good fit to its strategy and has been active in reviewing existing information. The Company's consultant geophysicist has re-processed results from an airborne geophysics survey flown in 2011. This has been re-interpreted with earlier geophysics and surface sampling, including drilling, carried out to the west of the tenement by Sabminco in the 1980’s and 90’s. Sabminco best drilling results, some 200-300m west of the Company’s tenement, include 9m @ 10.32 gpt Au from 19m into similar geology found in the western part of the Company’s tenement.

Previous explorers’ grid soil sampled most of the Company’s tenement without much success. The Company has reviewed the two magnetic targets in light of all the data available. Drilling over these targets has also been undertaken previously to depths of 50-75m with no encouragement from the results. The Company’s review of the magnetic data shows that the targets are 100-200m deep. A reconnaissance field visit will be used to plan a drilling program. Indications are that 3 Reverse Circulation (RC) drill-hole will be needed at a minimum to test the two targets; 1 into the north-central target and two in the larger western target.

 

Last updated 25th July 2018

Terence A Clee
Executive Chairman

Terence Clee holds combined B Com and LLB degrees. He commenced his career as an accountant at KPMG working in corporate audit and corporate tax. Terence co-founded Hemsley Lawyers alongside lawyers from Allens Arthur Robinson and Blake Dawson (now Accurst) and was responsible for the business development and strategic growth of the practice. Terence has experience in the start up and small cap space having advised technology start ups and junior miners on commercialisation, cross border transactions and R & D.


Robert McCauley
Non Executive Director

Mr McCauley has held senior Board and Management positions in ASX Listed Companies including Commissioners Gold Ltd now Gold Mountain Ltd (ASX:GMN) and has extensive experience in capital raisings, IPO’s, finance, media, corporate advice and acquisitions. Robert was also nominated in 2011 as an industry representative on the ASX equity market review panel reporting to ASIC. Robert holds a BSc degree and is a Member of the Royal Institution of Chartered Surveyors (Aust.UK). He is also a Registered Surveyor, Licensed Surveyor WA and a Chartered Land & Minerals Surveyor. Robert has over 35 years of experience and involvement in infrastructure development including Boddington Gold Mine WA – now Newmont Mining Corporation; North West Shelf Natural Gas Project and the Monasavu Hydro Electric Scheme, Fiji - World Bank Project. Mr McCauley brings to the Board his broad knowledge of corporate and technical skills including assisting the Company to identify and analyse future M&A opportunities.


Robin Armstrong
Non Executive Director

Mr Armstrong has extensive corporate experience in listed companies specializing in the small to medium market cap sector. Mr Armstrong provides the board with a well rounded finance background in strategic advice, merger & acquisitions and capital raising.

 

Last updated 25th July 2018

Suite 2/1 Altona Street
West Perth WA 6005

Phone: (08) 6559 1792
Skype: hardeyresources
Email: [email protected]

Suite 2, 1 Altona Street
West Perth, WA 6005

Telephone: 08 6559 1792
Website: www.hardeyresources.com.au


Directors

Mr Terence A Clee
Executive Chairman

Mr Robert McCauley
Non Executive Director

Mr Robin Armstrong
Non Executive Director

Ms Sarah Smith
Company Secretary


Company Auditors
RSM Australia
Level 32, 2 The Esplanade
Perth WA 6000


Independant Geophysicist
Alterrex Pty Ltd
5 Beenong Rd
Darlington WA 6070


Solicitors
Ashurt
Level 11, 5 Martin Place
Sydney NSW 2000


Share Registry
Computershare Investor Services Pty Limited
2/45 St Georges Terrace
Perth WA 6000

Telephone: 1300 557 010
Fax: (08) 9323 2033

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