Frontier Resources (FNT)

Shares / Stock Code

FNT

Stock Exchange / Sharemarket

Australian Securities Exchange

Frontier Resources (FNT) is an Australian Stock Exchange listed (FNT) junior mineral exploration company, whose shares also trade on the Frankfurt, Berlin and Munich Stock Exchanges. The Company’s goal is to discover, delineate and develop gold, copper and basemetal deposits in Papua New Guinea (PNG) and Australia.

Frontier holds a carefully selected and diverse portfolio of high potential projects, comprising 4 Exploration Licences (1,139 km² - 100% interest) in PNG plus 2 Retention Licences (7km2 - 100% interest) and 1 Exploration Licence (11Km2 - 90% interest) in Tasmania.

The Company has recently demonstrated spectacular high-grade gold rock chip/ channel / trench assay results including 27m grading 66.8 g/t gold, 18m of 40.3 g/t gold, 9m of 64.0 g/t gold and 4m of 135.6 g/t gold, at the Suguma Prospect - Bulago Exploration License, in the Highlands of PNG. There are multiple very high-grade gold mineralised horizons and drilling targets will be refined with additional exploration in the near future.

Very high grade silver was also encountered at the Bulalo Prospect (located about 2km to the ESE of Suguma) with a 1.5 metre wide vein grading 5.59 g/t gold + 2,555 g/t silver + 2.17% copper + 3.16% zinc (composite of 2 samples).

Primary targets are world-class, major copper-gold, gold, polymetallic (zinc, lead, silver, gold) deposits in three exploration licences in Papua New Guinea, covering 804sqkm, and five exploration licences in Tasmania, covering 211sqkm. The company's land position is first class in democratic, mining friendly, stable, highly prospective regions of the world.

FNT's major customers would include the retail, wholesale and international markets. Its competitors consist of other mining companies such as Mineral Commodities Limited (MRC). The mining industry is a global industry, which is highly competitive. Most oil and metals are sold into the global spot markets, whilst gas, coal and iron ore is typically sold under long term contract arrangements with utilities, large industrial users and steel plants.

Frontier Resources History

FNT holds its PNG assets through two subsidiary companies that combined hold 100% interests in 7,500sqkm. This coverage includes 11 Cu and/or Au prospects. Kodu is the only advanced project, but nearby Bukuam and Elo Hill are large targets progressing to drilling. FNT holds 90%-100% interests in 211sqkm in the highly prospective Mt Read Volcanics in TAS. Drilling in TAS has yielded encouraging Au assays at two prospects. A recent entitlements issue was fully subscribed, raising $5.7M.

Frontier Resources (FNT) Products and Services

  • Gold and copper exploration

Frontier Resources (FNT) Locations and Subsidiaries

Frontier Resources Head Office
Unit 6, 34 York Street,
NORTH PERTH, WA 6006
Phone: 61 8 9295 0388
Fax: 61 8 9295 3480

Frontier Resources (FNT) Share Price

Submitted by ASX Listed Company on 25 March, 2010 - 00:18

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