ORT

Shares / Stock Code

ORT

Stock Exchange / Sharemarket

Australian Securities Exchange
ORT is involved in the business of development of technology to treat municipal organic waste (the DiCOM process). DiCOM is a waste treatment facility. The first facility is at Shenton Park, Western Australia which is in contract with the Western Metropolitan Regional Council. The company was listed on the Australian Stockmarket (ASX) in April 1987. The company has changed its operations and has previously been involved in the development of telecommunications equipment systems and services as well as the healthcare sector. The company differentiates itself by its patented DiCOM system. The DiCOM process integrates existing bio-processing techniques and advanced waste segreation methodologies to deliver solution for sustainable solid waste management. ORT's major customers include government especially local councils. Competitors are other various waste disposal companies such as Medivac Limited.

Sofala Gold Project

ORT is pleased to announce that it has signed a Farm-in and Joint Venture Agreement (JV Agreement) with Oroya Mining Limited (Oroya) over Oroya’s Sofala project in the Lachlan Fold Belt of New South Wales. The joint venture (JV) is called the Wiagdon Thrust Joint Venture (WTJV) and consists of a suite of 10 gold and base metal exploration licenses (4 granted and 6 under application) covering about 2,000 square kilometres. ORT’s principal objective in entering into this joint venture is the drilling of 6 gold targets identified by Oroya through their recent regional geochemical exploration of the area, which was aimed at the discovery of large tonnage, disseminated and vein-hosted gold and base metal deposits. The WTJV will also carry out further geological, geochemical and geophysical exploration of the leases. Under the Terms of the WTJV, ORT may earn a 70% interest by funding exploration and administration to a value of $1.5 million over a two year period during the earn-in phase. After the earn-in phase, Oroya will be free-carried with a 30% interest to completion of a Feasibility Study and a Decision to Mine. Following a Decision to Mine, both JV parties will contribute to development expenditure in accordance with their interest or dilute under a standard dilution formula. If a JV party’s interest dilutes to 10% or less, that party will be deemed to have withdrawn from the JV and their interest will convert to a 2% net smelter royalty. The WTJV includes an Area of Influence in which interests in tenements acquired by either party within 25 kilometres of the project tenements will be included in the joint venture.

ORT Products and Services

  • Waste treatment

ORT Locations and Subsidiaries

ORT Head Office Unit B9, 431 Roberts Road, SUBIACO, WA, AUSTRALIA, 6008 Phone: (08) 9287 4604 Fax: (08) 9287 4655

Company Website

ORT Share Price

Submitted by ASX Listed Company on 15 May, 2010 - 21:51

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