Proactive investorsLogo Proactive Investors UK Website

Search field

1 year chart

digital-look imported chart image

1 day chart

digital-look imported chart image
Additional information
Additional Information
Market: ASX
Sector: General Mining
Epic: .SRE
News: Latest news
Web Site: Stirling Resources
Other Articles: 23-02-201004-02-201003-02-2010

Stirling Resources

Stirling Resources is an Australian resources developer focusing on investment and development of copper, zircon and gold projects.

CLICK HERE FOR FULL ANLAYSIS OF STIRLING RESOURCES
Friday, November 20, 2009

Stirling Resources bullish on China demand at AGM

WA-based Resources developer Stirling Resources (ASX: SRE) has provided an overview at the company's AGM.

Focused on copper, gold and zircon, Stirling is developing a portfolio of quality brownfields assets, near to production.  A management team with significant resource experience and proven track record, securing strategic partnerships for capital and off-take.

Strategy is to focus on commodities with sustained demand –supported by Chinese and Indian growth.

Key partners are DCM DECOmetal (20% shareholding). DCM is a global commodity marketing group with turnover of US$1billion pa.  A leader in trade of ores, alloys and metals with interests in manganese, chromite, zircon and iron ore assets.

Glencore International is a one of world’s largest commodity suppliers.  Major producer and marketer of aluminum, coal, base metals (zinc, copper, lead), ferro-alloys (chrome, manganese), noble alloys (vanadium, molybdenum), nickel and cobalt.  Has J/V and off-take with Redbank Copper.

Major assets are:

Redbank Copper (ASX: RCP)
 
- Stirling is major shareholder -23%
- Large landholding with infrastructure
- Exploration focus to expand resource and mine life
- Resource –5.2mt at 1.44% Cu comprisingIndicated –1.7mt at 1.7% CuInferred –3.5mt at 1.3% Cu
- 3 new copper pipes, zones up to 7% Cu
- J/V with Glencore
- Mine study confirms project viability-provides development blueprint
- Based onCopper cathodes 2,100 t/year (2010) Copper in conc. 8,700t/year (2012)
- Target production by 2H 2010

Redbank Copper had some high grade hitsa at Punchbowl prospect including: 10m @ 4.4% from 202m and 32m @ 3.4% from 187m.

Matilda Zircon (ASX: MZI)

- Stirling major shareholder – 64%
- Tiwi Islands: Processing plant, equipment and infrastructure. Previous production 51,000t of concentrate. Resource of 3.8mt at 4.66% heavy. Target production H1 2010
- Keysbrook: Environmental approval and Offtake agreement Dupont
- Kalimantan: Mining regulations amended, establishing J/V’s –tenement owners
- Cape York Peninsula: Grass roots exploration, Large under explored coastlines

Swan Gold Mining (formerly Monarch ASX: MON)

- Stirling major shareholder – 40% post recapitalization
- Mt Ida high grade underground: Resource 139,000oz at 13.8g/t (Indicated 81,000oz, Inferred 58,000oz) containing a Probable Reserve 64,000oz at 17.4g/t. Target commencement 2H 2010.  Substantial under explored tenements
- Carnegie open pit: Probable Reserve 1.55m oz at 2.7g/t. Target commencement 1Q 2010

At the AGM, Stirling was bullish on the China demand growth to fuel demand for commodities:

- Urbanisation -45% urban areas, by 2035 estimated 70%
- Uses approx 30% of most global raw minerals
- 2008 Chinese asset investment (roads, power, dwellings) up 26%
- Government stimulus US$585 billion
- Gold demand for monetary and jewellery uses
- Zircon for ceramic and porcelain
- Copper - key component of growth for electrical, communication and vehicles
Redbank Copper had some high grade hits at Punchbowl prospect including: 10m @ 4.4% from 202m and 32m @ 3.4% from 187m.

The AGM heard Stirling was making quality investments, with near term production and cash flow generation.

NewsNow icon AddThis Feed Button
Register here to be notified of future Stirling Resources articles.

Investors interested in Stirling Resources recently viewed


No investment advice

The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.