Proto Resources & Investments (PRW)

Shares / Stock Code

PRW

Stock Exchange / Sharemarket

Australian Securities Exchange

Proto Resources & Investments (PRW) is a newly formed exploration company committed to the identification and exploration of quality resource projects that can create wealth for shareholders in the short, medium and long terms. Proto’s initial mineral targets are gold, lead-zinc, nickel, copper and uranium. PRW listed on the Australian stockmarket (ASX) on 29 November 2006.

The company has assembled a portfolio of precious, base and energy metals assets in areas around Australia. These assets have been near-established and acquired by previous owners who have chosen to invest funds elsewhere. Therefore the company has been able to acquire detailed data and assistance, at little cost, from the previous exploration teams. All projects have been secured in a very cost-effective manner.

As an explorer, PRW has no customers at present. The company competes with other resource companies which are exploring for precious, base and energy metals.

As of June 30, 2009, the Company completed a series of ground gravity and aero magnetic surveys at Lindeman’s Bore, Northern Territory, preparing an 800 meters diamond drilling program. The Company’s Tibooburra gold project is situated approximately 320 kilometers north of Broken Hill near the township of Tibooburra within the Milparinka-Tibooburra gold district in northwest New South Wales. The Lindeman’s Bore project is located just north of the Buntine Highway near the community of Kalkarindji in the Northern Territory.

On March 16, 2009, the Company announced the acquisition of a 100% interest in the Waite Kauri North nickel mining lease (M37/1189). In January 2010, the Company sold its Tibooburra exploration licences north of Broken Hill. Exploration licences E6286 and E6663 have been sold to Awati Resources Pty Ltd.

Proto Resources & Investments (PRW) Products and Services

  • Mining Development and Exploration.

Proto Resources & Investments (PRW) Locations and Subsidiaries

Proto Resources & Investments Head Office
Suite 1901, Level 19, 109 Pitt Street, SYDNEY,
NSW, AUSTRALIA, 2000
Phone: 02 9225 4000
Fax: 02 9235 3889

Proto Resources & Investments (PRW) Share Price

Submitted by ASX Listed Company on 20 May, 2010 - 20:17

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