Segue Resources (SEG)

Shares / Stock Code

SEG

Stock Exchange / Sharemarket

Australian Securities Exchange

Segue Resources (SEG) is an exploration company, searching for tin and tungsten. Its flagship project is the Coronet Hill Project situated in the Northern Territory. The company is also planning to make direct and indirect investments in natural resource projects. Segue Resources listed on Australian Stock Market (ASX) on 28 October 2005. The company was incorporated in January 2005 for the purpose of investing in mining and exploration projects in Australasia and Europe.

The Coronet Hill Project encompasses the old Coronet Hill copper and silver mining field approximately 60km east of Pine Creek. Mineralisation is widespread along the major Coronet Hill fault with minor production from several veins over a strike length in excess of 40km. SEG does not currently have any customers as it is still exploring for tungsten. It competes with other tungsten explorers such as Vital Metals (VML).

The Company’s projects include Pardoo Nickel Project, Pardoo Iron Ore Project, Coronet Hill Project and Wauchope. The Pardoo Nickel Project includes two exploration licenses in the Pilbara region of Western Australia. The Project contained nickel, copper, zinc, iron ore and platinum group elements. The subsidiary of the Company is Segue (Pardoo) Limited.

Coronet Hill Project

The Coronet Hill Project encompasses the historical Coronet Hill copper and silver mining field approximately 60km east of Pine Creek, some 220km south of Darwin in the Northern Territory. Base metal (copper, arsenic, lesser lead bismuth and zinc), tin, tungsten, silver and gold mineralisation is widespread along the major NNW trending Coronet Hill Fault.

Recorded production was from the Coronet Hill lode workings of two adits, having about 300m of drives / crosscuts and at least eight shafts to a max depth of 40m. Less than 250t of ore grading 22% copper and 550g/t silver were extracted between 1916-1918. Other minor historical tin production from several cassiterite bearing quartz veins at the Ross Mine and the alluvial tin workings at the Mary River Camp.

Previous exploration in the project was principally directed towards base and precious metals : exploration for tungsten and tin was at best, sporadic, but identified the Coronet Hill fault zone and parallel structures to be anomalous for tungsten and tin over its 10km length. Previous work however, concentrated on the sulphide-rich and narrow historic lodes. There seems to be good evidence that tungsten and tin mineralisation is not only of greater strike extent but also may be in the alteration zones laterally adjacent to the lodes.

The Segue board are of the view that the area has not been the subject of a dedicated and comprehensive drilling given the extent of the mineralised system on the project as delineated by extensive surface investigations.

In recent years the price of tin and tungsten has risen sharply after a considerable number of years in decline as the result of increased global demand, especially from China. As a result the Company proposes to undertake a comprehensive exploration program to determine the extent of tungsten, tin and other polymetallic mineralisation.

Segue Resources (SEG) Products and Services

  • Exploration company, searching for tin and tungsten.

Segue Resources (SEG) Locations and Subsidiaries

Segue Resources Head Office
Ground Floor, 1306 Hay Street, WEST PERTH,
WA, AUSTRALIA, 6005
Phone: (08) 9486 4699
Fax: (08) 9486 4799

Segue Resources (SEG) Share Price

Submitted by ASX Listed Company on 30 May, 2010 - 13:57

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