Rolek Resources Ltd (ASX:RLK)

Rolek Resources Ltd (ASX:RLK)


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Rolek Resources Ltd

Rolek Resources (ASX:RLK) holds a portfolio of strategic and base metals located in the Kimberley, Pilbara, Gascoyne and Murchison regions of Western Australia.

EPIC: RLK
Market: ASX:RLK
Sector: Mining
Website: www.rolek.com.au
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Big Picture – A Deep Dive Examination of Rolek Resources Ltd


Rolek Resources Ltd Snapshot

Rolek Resources is a natural resources company with a portfolio of strategic and base metals located in the Kimberley, Pilbara, Gascoyne and Murchison regions of Western Australia. The Company’s focus and vision is to maximise shareholder value through the expansion of its resource base, development of its advanced Barramine manganese project and targeted exploration of its other strategic mineral projects.

Barramine Manganese Project

Overview

  • Historically, over $7.2M spent on exploration
  • Initial metallurgical tests show a 20% head-feed produces a 43% Mn, 10% Fe product
  • Located in world-class Pilbara manganese province 255km ESE of Port Hedland
  • Identical geological setting to the nearby Woodie Woodie Manganese Operations - 80km south. Shows significant potential for bulk mining operations
  • Historical expenditure of over $7.2M on drilling and exploration with >27,000m of drilling, geophysics (incl. magnetics, EM and IP) and sampling
  • Main target zone length ~2,500m with a total of 33 mineralized holes grading better than 5m at 10% Mn
  • Initial JORC resources achievable in Areas 3 and 4 with targeted in-fill drilling
  • Staged earn-in to an advanced manganese project in a world-class manganese province
  • Strong demand and new end uses in solar, EV’s and batteries

(click here for more information on this project)


Exploration Projects

Li-Ta-Ni & Co Exploration Projects

Interest driven by project demand for lithium tantalum nickel and cobalt, in particular the steadily increasing demand for EV, and battery storage

* Li-Ta Mineralisation model:

  • Fertile peraluminous source granite
  • Proximity to causative granite body
  • Proximity to feeder structures
  • Open fracture systems
  • Generally mafic host rocks

* Location 2–8km from the granite margin
* The Rolek tenements comprise five project areas in the Kimberley, Pilbara, Gascoyne and Murchison areas of Western Australia
* The project areas are prospective for strategic and base metals including beryllium, lithium tantalum nickel and cobalt
* Rolek will systematically assess the potential for commercially viable deposits of strategic and base metals with particular focus on lithium, tantalum, nickel and cobalt

(click here for more information on Exploration Projects)

 


Last updated 11th February 2019

Mr Luke Innes
Non-Executive Chairman

Mr Innes is currently involved in the energy industry and has had 27 years' experience in the mining, minerals processing and power generation industry both in Australia and overseas. Within Australia he has held technical and managerial roles within the resources sector including gold, nickel and iron ore mining and mineral processing operations. He has previously held a non-executive position within a public unlisted company as well as being a Non-executive Director and Non-executive Chairman of ASX listed Greater Pacific Gold.


Mr Nicholas Young
Non-Executive Director


Ms Kyla Garic
Non-Executive Director


Mr Ian Stuart
Executive Director (proposed post-transaction)

Mr Stuart is a geologist by profession with experience in both the finance and mining industries. He holds an Honours degree in Geology, is a Fellow of the Financial Services Institute of Australasia and a member of the Australian Institute of Company Directors. Ian has extensive experience in capital markets and is conversant with public company governance and management across international jurisdictions.


Mr Vincent Algar
Non-executive Director (proposed post-transaction)

Mr Algar has over 25 years' experience in the mining industry spanning underground and open-cut mining operations, greenfields exploration, project development and mining services in Western Australia and Southern Africa. Mr Algar has held previous roles as Managing Director and Non-executive Director of ASX listed companies. Mr Algar is the current Managing Director of Australian Vanadium Ltd (since 2015). Mr Algar is a member of the Australasian Institute of Mining and Metallurgy.

 


Last updated 11th February 2019

Perth Office

Level 1, 85 Havelock Street
West Perth, WA 6005

T: +61 8 9226 1860

Directors

Mr Luke Innes – Non-Executive Chairman
Mr Nicholas Young – Non-Executive Director
Ms Kyla Garic – Non-Executive Director

Proposed Directors

Mr Vincent Algar – Non-Executive Director
Mr Ian Stuart – Executive Director


Company Secretary:

Matthew Edmondson


Registered Office:

108 Outram Street
West Perth WA 6005
Telephone:+61 8 9486 7244
Facsimile: +61 8 9486 6373


Auditor:

Bentleys Audit & Corporate (WA) Pty Ltd
Level 3, 216 St Georges Terrace
Perth WA 6000


Investigating Accountant:

Bentleys Audit & Corporate (WA) Pty Ltd
Level 3, 216 St Georges Terrace
Perth WA 6000


Share Registry:

Security Transfer Registrars Pty Ltd
770 Canning Highway
Applecross WA 6153
Telephone (within Australia): 08 9315 2333
Telephone (outside Australia): +61 8 9315 2333


Lawyers:

DLA Piper Australia (Perth)
Level 31, Central Park
152-158 St Georges Terrace
Perth WA 6000

 

Last updated 11th February 2019

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