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Proto Resources & Investments Ltd. (ASX:PRW)

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Last Post: 2/28/2012 12:57:41 PM - Followers: 1 - Board type: Free - Posts Today: 0

Proto Resources' flagship is the Barnes Hill nickel-cobalt-iron project located in northern Tasmania, which is steadily advancing towards production. Subject to a successful feasibility outcome, Barnes Hill is slated to commence mining in early 2013 with a potential 26 year mine life at 250,000t per annum.

Barnes Hill is endowed with highly lucrative economics which are set to be enhanced further through the application of unique nickel laterite processing technology. The successful deployment of this technology promises to slash OPEX and CAPEX costs by ‘recycling’ sulphuric acid and turning minor metals into saleable products.

On the exploration front, Proto Resources is exploring its Lindeman's Bore, Wave Hill and Waterloo projects for the possibility that the Antrim Plateau Volcanics of the Northern Territory could host a Norilsk Style ‘super-system.’

In addition, the company has recently acquired a suite of projects in the Doolgunna region of Western Australia to explore for potential volcanogenic massive sulphide targets. This complements nickel sulphide targets including an acquired historical mine at Clara Hill.





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#10   Boardroom Radio February Investor Update Foe 02/28/12 12:57:40 PM
#9   Australia`s First Iron Ore Mine to Re-Open Foe 02/06/12 05:37:46 AM
#8   MFC: Barnes Hill Nickel Project Update Foe 02/06/12 05:37:14 AM
#7   Barnes Hill Electricity Connection Update Foe 01/18/12 04:29:54 PM
#6   NEW NEWS! End of 2011 Update Foe 01/09/12 08:49:47 AM
#5   NEWS! Foe 12/02/11 07:08:15 AM
#4   It's time to buy some more!! Foe 11/22/11 05:36:37 PM
#3   My enthusiasm for PRW has been steadily growing Foe 04/17/11 05:00:43 PM
#2   http://www.protoresources.com.au/ Foe 04/17/11 04:54:52 PM
#1   Australian Resoirces Conference USA - New York 2011 Foe 04/17/11 04:52:13 PM
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