Forge was established in 2009 as a resource and energy exploration company. The Company’s primary objective is to build a resource and energy company at a time when the global demand for resources and energy is high.

Forge has reached agreement with Australian-American Mining Corporation N.L. for the acquisition of their Australian based exploration and resource assets.

In addition to advancing the exploration and development of these projects and in accordance with its charter, Forge will also seek to acquire or participate in additional resource and energy projects in Australia and overseas.
Forge Resources (ASX:FRG)
Company Directors
Mr Emmanuel Correia Correia (Non Exec. Director)
Mr Harold Wang Wang (Non Exec. Director)
DR. Matthew James James (Managing Director)
Mr Nicholas Curtis Curtis (Non Exec. Chairman)
Mr Shane Hartwig (Company Secretary)
Contact Information
Phone: (02) 92594400
Email:
Website:

Address
Level 24, 56 Pitt Street, NSW, AUSTRALIA, 2000
Media Releases
Forge Resources Ltd, Update: Balla Balla Magnetite, Vanadium and Titanium Project
21 Feb,2012 10:05 AM

On 16 December 2011, Forge Resources Ltd announced that it had signed binding documentation with Atlas Iron Limited (ASX:AGO) for the acquisition of the Balla Balla Magnetite, Vanadium and Titanium Project for $17.5 million by the end of February 2012 and a further $22.5 million one year later plus a capped royalty payment structure based on tonnage sold.

Forge confirms that negotiations are well advanced with certain financing parties to secure the necessary funding to complete the entire Balla Balla Project purchase in a single payment by combining the two cash payments outlined above.  Further, Forge has agreed terms with Atlas whereby they have agreed to extend the deadline for satisfying the conditions precedent to completion of the acquisition from 24 February 2012 to 30 April 2012, subject to Forge paying Atlas in full together with a non-refundable deposit of $500,000.  Further, completion of the acquisition will now also be subject to Forge obtaining FIRB approval (to account for the possibility that Forge is deemed to become a 'foreign person' arising from the posible issue of shares to foreign investors under a financing transaction) and on Ministerial consent for the transfers of the Balla Balla tenements.


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