Quarter Highlights
DGR Global Ltd | ASX:DGR
- Oversubscribed AUD75.0 M IPO and ASX listing of Armour Energy Limited on 26 April 2012
- Largest oil and gas IPO in Australia for ten years
- London based new opportunities group targeting bulk commodities in Africa and the Middle East
Armour Energy Ltd | ASX:AJQ – DGR 25%
- Successful IPO and ASX listing
- Drilling of Morey’s 1 and Holdgate 1 wells in the Otway and Gippsland Basin, Vic in Lakes Oil NL farm-in
- Drilling of Cow Lagoon 1 well in the NT delivers first gas resources
Mt Isa Metals Ltd | ASX:MET – DGR 30.6%
- Outstanding new drill assay results at the Nabanga gold prospect extend the high grade mineralisation to 200 metres depth over a 2.3 km strike length
- Nabanga maiden resource estimate to be released in August
SolGold plc | LSE:SOLG – DGR 9.6%
- Name change to SolGold (formerly Solomon Gold) to reflect expanded strategy of global search for world class gold and gold-copper resources
- Letter of Intent signed to acquire 85% of the Cascabel gold-copper-silver porphyry property in northern Ecuador
- Further drilling at Rannes reveals significant mineralisation beyond the current resource block model
Navaho Gold Ltd | ASX:NVG – DGR 29%
- Alliance formed to explore for Carlin-style gold deposits over substantial ground position in New Mexico, USA. Significant potential for first mover advantage in a new gold province
- Navaho moves to 51% earned interest in New Mexico projects with initial rock chip sampling returning highly anomalous gold and silver values from several locations
AusNiCo Ltd | ASX:ANW – DGR 41.5%
- Identification and review of opportunities for diversification and growth
- Aggressive cost reductions, including amalgamation of many Black Snake tenements into a single EPM
IronRidge Resources | 56.5% DGR owned
- Grant of two iron ore exploration areas in Gabon, West Africa
- Initial field program commenced at Belinga Sud, immediately south of the Belinga iron ore deposits (CMEC/Gabonese Government)
Archer Resources Ltd | 67% DGR owned
- Further research upgrades the coal exploration potential of exploration licence areas in the Arckaringa Basin of South Australia (held by wholly owned subsidiary AimFire Energy Pty Ltd)
Pinnacle Gold Pty Ltd | 94% DGR owned
- Eight (8) Exploration Licences granted in NSW over potential new gold and silver province
- Fifty (50) kilometres of known historic gold workings with no recorded previous drilling
- Landowner access agreements finalised on first areas and initial field exploration commenced.
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