Eagle Eye Metals

Shares / Stock Code

EYE

Stock Exchange / Sharemarket

Australian Securities Exchange

Eagle Eye Metals (EYE) is a metals exploration and development company, focusing on nickel, gold and other base metals. It was listed at ASX on 6 December, 2006. The company has a portfolio of exploration projects around Leonora-Laverton in the North-Eastern Goldfields of Western Australia.

Selection of the projects was based on criteria which included: close proximity to and with the same structural trend as known commercial mineral deposits; appropriate rock types and metallogenic "signatures"; and their belief in a strong future for the demand and prices of the primary metals sought, nickel and gold, as well as other metals that they may discover. The projects show a number of prospective characteristics, including:

  • Prospective Archaean greenstone stratigraphy and favourable structural architecture
  • Adjacent to, or inclusive of, historical mine workings
  • Comprehensive historical exploration database sourced from the WA DoIR's WAMEX reporting system and Granted or secured tenure

Eagle Eye is focused on the development of these project areas that either contain defined minerals deposits or have clearly identified targets located within areas of recognised prospectivity. The Company is actively exploring its nickel and gold projects capable of being progressed to development and mining within a short to medium timeframe, the aim being to generate a sustainable cash flow through the development of targets identified as possessing the potential for containment of significant resources.

It is significant that these highly prospective project areas have been packaged together into one company for a concerted exploration programme. Until 2006 they were tightly held by individual Prospectors, some 15 in total, who acquired them over the past 12+ years and who have concentrated on and successfully operated alluvial operations thereon, with little or no major exploration for substantial resources. Acquisition of these projects in the one region and with similar geology will enable Eagle Eye to explore and develop them with a concentrated and cost effective programme from a Leonora base, assisted by the Vendor Prospectors, with whom they have forged a solid alliance that will provide extremely valuable local knowledge and maintain a constant ongoing presence in the region.

Eagle Eye Metals has assembled a Board of Directors, senior management and consulting team possessing extensive exploration, development, mining and corporate experience within the mining industry in general, and this region in particular. As a result of successful Seed Capital fund raising, Eagle Eye was able to spend a considerable amount of time and funds in the acquisition of high quality datasets to aid its exploration and development programme, and to ensure that exploration is cost effective and well targeted. This data, combined with field work and their existing knowledge of the areas has enabled the Company to ascertain that the project areas are well worthy of an intensive exploration programme.

Eagle Eye Metals Products and Services

  • Exploration for gold and nickel

Eagle Eye Metals Locations and Subsidiaries

Eagle Eye Metals Head Office
45 Ventnor Ave,
WEST PERTH, WA 6005
Phone: 08 9389 4450
Fax: 08 9389 4400

Eagle Eye Metals Share Price

Submitted by ASX Listed Company on 18 March, 2010 - 00:50

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