Stirling Minerals (SMZ)

Shares / Stock Code

SMZ

Stock Exchange / Sharemarket

Australian Securities Exchange

Stirling Minerals (SMZ) was formed to identify mineral investment opportunities and to undertake exploration and assessment of minerals projects, both within Australia and overseas, with the aim of progressing the properties to the definition of mine-able resources.

Initially the Company has formed agreements to consolidate the Quidong zinc-gold Project, located near Bombala in the Lachlan Fold Belt of south-eastern NSW. The company was listed on Australian Stock Exchange (ASX) on 28 May, 2007.

Under the agreements, Stirling will via its 100% owned subsidiary Quidong Minerals Pty Ltd acquire the core tenement, EL5671, of the Quidong Project, and the surrounding exploration licence application ELA2922 which combined covers approximately 85 km2 in area. Operating out of their offices in Perth, Stirling Minerals have widespread business relationships over the entire Australian marketplace.

The main objective of the Company is to generate Shareholder wealth through the discovery and development of mineral deposits, either directly or indirectly, via companies, partnerships, joint ventures or interests in mining projects.

In particular, this objective will be met via the assessment of a range of mineral commodities and projects, with the view to spreading the risk associated with commodity cycles. Stirling Minerals Ltds strategy to fulfill these objectives is to utilise the Directors' experience in evaluating acquisition and investment prospects, quoted and unquoted, both in the Australia and overseas and are able to call on independent expertise in the sector.

The Company believes that its best chance for success is to focus on the Quidong Project which displays similarities with a variety of carbonate hosted Pb-Zn deposits, but also elemental associations more common in Carlin and other styles of metal deposits. The region has a strong base metals and gold association in the known deposits.

The Company is also mindful of mineral exploration and development opportunities that arise from time to time, not only in the Lachlan Fold Belt but in other mineral provinces throughout Australia and overseas. For that reason, the Company will maintain a watching brief on the industry and be prepared to take strategic positions as the opportunity arises.

Stirling Minerals (SMZ) Products and Services

  • Identify mineral investment opportunities and to undertake exploration and assessment of minerals projects.

Stirling Minerals (SMZ) Locations and Subsidiaries

Stirling Minerals Head Office
945 Wellington Street, WEST PERTH,
WA, AUSTRALIA, 6005
Phone: (08) 9322 7600
Fax: (08) 9322 7602

Stirling Minerals (SMZ) Share Price

Submitted by ASX Listed Company on 1 June, 2010 - 13:19

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