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Richard, you could always become Moderator of this Board.
Hi TDT
Gee! it has been a long time - 8 months since we last spoke in ihub.
I really think it was an office oversight and I still believe that the BoD are taking the right steps to provide us value.
You going to the AGM this year?
I enjoyed the joke on the Best Aussie pick up line ever.
That's very conspiratorial of you Thunderbolt! Next you'll be telling us that directors have been selling down on the QT.
TDT :-o
New Website for Sirius Exploration is now up and running. Looks like they have acquired more land in Western Australia.
http://www.siriusexploration.com/
SXX AGM Sep 28, 2010
Code Red - See you there?
http://www.marketwire.com/press-release-canada/Sirius-Exploration-Plc-Sirius-or-the-Company-Notice-of-Annual-General-Meeting-LSE-SXX-1313249.htm
Sirius Exploration PLC
LSE: SXX
Sep 02, 2010 04:59 ET
Sirius Exploration Plc ("Sirius" or the "Company") Notice of Annual General Meeting
For immediate release: 2 September 2010
Sirius Exploration Plc
("Sirius" or the "Company")
Notice of Annual General Meeting
Sirius Exploration Plc, (AIM: SXX, OTC: SRUXY), the potash mining group, today informs shareholders that its Annual General Meeting will be held on the 28 September 2010, 10.30am, at the Oxford and Cambridge Club, 71 Pall Mall, London SW1.
A copy of the Notice will today be posted to shareholders and will be available on the Company's website,
www.siriusexploration.com.
--End--
For further information:
Sirius Exploration Plc
Richard Poulden
Tel: +971 504 524 994 begin_of_the_skype_highlighting +971 504 524 994 end_of_the_skype_highlighting
Beaumont Cornish Limited (Nomad)
Roland Cornish
Tel: +44 (0) 207 628 3396
Daniel Stewart & Company plc (Broker)
Christopher Theis / Emma Earl
Tel: + 44 (0) 20 7776 6550
Gth Media Relations
Toby Hall/Christian Pickel
Tel: + 44 (0) 20 3103 3903
For more information, please contact
Sirius Exploration Plc
SXX - 30% gain on AIM and it is only lunch in Britan.
I am sure this will be reflected here on SRUXY today. Get ready for when the bell is rung in just over 1 hr.
it would appear the new website was not for the public eye at this point in time.
Either some junior IP office worker left it open by mistake or it was intentionally allowed open for a few hours to support the Chinese MOU in Queensland Australia
WOW! I see a 11.65% gain now.... the stock is priced at almost 34$ now thats what I call improvement :)
yes even I've heard that the new chairman is innovative with his approach and have you heard about the queensland update?
Yes Marshall, thats good at the moment, when do you think Sirius is gonna be back on track?
ah cool. new website
yes but I will be glad if Sirius makes us smile, which is gonna happen pretty soon :)
New website for Sirius.
http://sirius.pm.fabriqate.com/
FabriQate is a specialist uk/Chinese/Indian web design outfit.
FabriQate currently has on the ground presence in 3 countries and will soon be landing in the US..
FabriQate, China
E23 Nantian Inernational Business Center,
1 Hua Cheng Da Dao, Zhu Jiang Xin Cheng
Guangzhou, China
FabriQate, UK
236 Old Brompton Road
London, SW5 0DE, UK
FabriQate, India
FabriQate is a UK-based company with international operations serving clients through our offices in London, Guangzhou and Mumbai.
----------------
SXX Management
Mr. J.T. Starzecki
Senior Director – U.S. Operations
J.T. Starzecki’s proven expertise in leading business operations, sales, marketing, and finance, comes from over a decade of leadership paving the way for now successful multimillion-dollar companies With such positions as V.P. of Business Development and Senior Operations Director, J.T.’s experience in enterprise-wide finance, business development, and strategic planning is a result of a strong desire to be number one.
Additionally, J.T. has a strong background in growing start-up and venture backed organizations through revenue & finance development, product development, marketing, partner channel construction, and creating highly effective team structures.
J.T. holds a Bachelor of Arts from Saint John’s University.
-------------
Mr. Wes Sonnenreich
Senior Director – Australian Operations
Wes Sonnenreich has over 15 years of leadership experience in a diverse range of industries including resources and mining, energy, pharmaceuticals and information technology. In the past five years he has led significant projects for Rio Tinto, Woodside, Horizon Power and Wesfarmers. He has also served as Managing Director of Deloitte Australia’s innovation and commercialisation program, reporting directly to the CEO and executive team. Wes is a graduate of M.I.T. and Harvard Business School and is also a widely published author and speaker.
http://au.linkedin.com/in/sonnenreich
Wes Sonnenreich
CTO at Sirius Exploration
Sydney Area, Australia
Current
* CTO at Sirius Exploration
* Director of Innovation at Deloitte Australia
Past
* Consulting Director at Deloitte Australia
* Founder, Partner at SageSecure LLC
* Founder, CTO at Pharmatrak
Education
* Harvard Business School
* Massachusetts Institute of Technology
Connections: 149 connections
Industry: Management Consulting
Websites
* My Blog
* My Website
* My Company
Wes Sonnenreich’s Summary
Wes has over 15 years of experience as a co-founder and executive of three Information Technology companies, is a graduate of M.I.T. and Harvard Business School's executive education program and is also a widely published author and speaker.
Wes Sonnenreich’s Specialties:
Innovation and commercialization strategy & implementation, funding models, portfolio management, mentoring and concept acceleration, knowledge management, Data/Systems/Network Architecture, information risk assessment, risk metrics, governance & compliance.
Wes Sonnenreich’s Education
* Harvard Business School
eMBA equiv , Program for Global Leadership , 2001 — 2001
* Massachusetts Institute of Technology
BS , Computer Science, Music, Management , 1992 — 1996
Additional Information
Wes Sonnenreich’s Websites:
* My Blog
* My Website
* My Company
Wes Sonnenreich’s Interests:
Has played piano and trombone for many years and has performed in New York and New Orleans jazz clubs with members of Basie's and Ellington's bands, as well as in various rock venues such as the House of Blues in Boston. Also performs Capoeira, a Brazilian martial art that disguises combat as an acrobatic dance set to tribal music.
Wes Sonnenreich’s Groups:
Through his work, music and Capoeira he has been involved in numerous community activities including charity performances and mentorships.
http://www.wiley.com/legacy/compbooks/catalog/35366-3.htm
WES SONNENREICH is CTO of //pharmatrak, an Internet marketing data service for the pharmaceutical industry. Wes is also President of the Sonnenreich Corporation, Inc., an Internet solutions consulting company. Clients include Infoseek and the Boston Medical Center. He is the author of several books, including Web Developer.com Guide to Search Engines (Wiley) with Tim Macinta.
wow thunderbolt! The pics are really nice and will drive a lot of traffic towards sirius
thanks for the info Thunderbolt
Possible partner in North Dakota
http://www.dakotagas.com/CO2_Capture_and_Storage/index.html
Wind Energy gets hugh subsidies - Wonder if Dakota Salts are able to take advantage of this.
http://www.energytribune.com/articles.cfm/5103/Wind-Energy-Gets-Huge-Subsidies-So-Where-Are-The-CO2-Reductions
Wind Energy Gets Huge Subsidies. So Where Are The CO2 Reductions?
By Robert Bryce Posted on Aug. 27, 2010
Ed. note: This story is an extended version of an article that appeared in the Wall Street Journal on August 24.
Over the last few years, the wind industry has achieved remarkable growth largely due to the industry’s claim that using more wind energy will result in major reductions in carbon dioxide emissions. There’s just one problem with that claim: it’s not true. Recent studies show that wind-generated electricity may not result in any reduction in carbon emissions, or those reductions will be so small as to be almost meaningless.
This issue is especially important now that states, even in the absence of federal legislation, are mandating that utilities produce arbitrary amounts of their electricity from renewable sources. By 2020, for example, California will require utilities to obtain 33% of their electricity from renewables. About 30 states including Connecticut, Minnesota, and Hawaii, are requiring major increases in the production of renewable electricity over the coming years. Wind, not solar or geothermal sources, must provide most of this electricity, because it is the only renewable source that can rapidly scale up to meet the requirements of the mandate. But those mandates will mean billions more in taxpayer subsidies for the wind industry and result in higher electricity costs for consumers.
There are two reasons wind can’t make major cuts in carbon emissions. The wind blows only intermittently and variably; and wind-generated electricity largely displaces power produced by natural gas-fired generators rather than that coming from plants that burn more carbon-intensive coal.
Because the wind is not dependable, electric utilities must either keep their conventional power plants running all the time (much like “spinning reserve” in industry parlance) to make sure the lights don’t go dark, or they must continually ramp up and down the output from conventional coal- or gas-fired generators (“cycling”).
Coal-fired and gas-fired generators are designed to run continuously. If they don’t, fuel consumption, and emissions of key air pollutants, generally increases. A car analogy helps explain the reason: An automobile that operates at a constant speed -- say, 55 miles per hour -- will have better fuel efficiency, and emit less pollution per mile traveled, than one that is stuck in stop-and-go traffic. But the wind, by its very nature, is stop-and-go. The result: minimal or no reductions in carbon emissions by shifting conventional generation to wind.
In 2008, a British energy consultant, James Oswald, along with two co-authors, published a study in the journal Energy Policy, which said that any reductions in Britain’s carbon dioxide emissions due to added wind generation capacity “will be less than expected.” The study went on to say that neither the extra costs of cycling the power plants “nor the increased carbon production are being taken into account in the government figures for wind power.”
An April study by Bentek Energy, a Colorado-based energy analytics firm, looked at power plant records in Colorado and Texas. (It was commissioned by the Independent Petroleum Association of the Mountain States.) Bentek concluded that despite huge investments, wind-generated electricity “has had minimal, if any, impact on carbon dioxide” emissions. Thanks to the cycling of Colorado’s coal-fired plants in 2009, for example, at least 94,000 more pounds of carbon dioxide were generated because of the repeated cycling. In Texas, Bentek estimated that the cycling of power plants due to increased use of wind energy resulted in a slight savings of carbon dioxide (about 600 tons) in 2008 and a slight increase (of about 1,000 tons) in 2009.
This month, the US Association for Energy Economics published a paper by Ross Baldick, a professor of electrical and computer engineering at the University of Texas at Austin, which concluded that new wind generation capacity “may not be decreasing greenhouse emissions. However, even assuming that wind displaces fossil emissions, it is not ‘worthwhile’ for reducing greenhouse emissions” even if regulators put a price on carbon dioxide of up to $35 per ton.
The problems posed by the intermittency and variability of wind energy could quickly be cured if only we had an ultra-cheap method of storing large quantities of energy. If only. The problem of large-scale energy storage has bedeviled inventors for centuries. Alessandro Volta and Thomas Edison both produced working batteries. Edison spent years working on battery technology, sinking about $30 million of his own money (in current dollars) into his quest for a durable, high-capacity battery. He had some success. But modern batteries have the same suite of problems that Edison faced: they are too big, too expensive, too finicky, and lack durability.
Other solutions for energy storage like compressed air energy storage and pumped water storage are viable, but like batteries, those technologies are expensive. And even if the cost of energy storage falls dramatically -- thereby making wind energy truly viable -- who will pay for it? Further, even if we have a dramatic breakthrough in energy storage, the deployment of that new technology will likely take decades.
Despite the lack of storage, the US and other countries continue to deploy huge amounts of new wind generation capacity and that expense is being undertaken with the assumption that wind energy will lower carbon dioxide emissions. But federal authorities have done some estimates on how more wind energy will affect emissions. And those estimates are revealing.
Last year, the Energy Information Administration estimated the potential savings from a proposed nationwide 25% renewable electricity standard, a goal that was included in the Waxman-Market energy bill which narrowly passed the US House last year. In its best-case scenario, the annual carbon dioxide savings from that mandate would be about 306 million tons by 2030. Given that the EIA expects annual US carbon dioxide emissions to be about 6.2 billion tons in 2030, that expected reduction will only equal about 4.9% of US emissions. That’s not much when you consider that the Obama administration wants to cut US carbon dioxide emissions by 80% by 2050.
Earlier this year, another arm of the Department of Energy, the National Renewable Energy Laboratory, released a report whose conclusions were remarkably similar to those of the EIA. This report focused on integrating wind energy into the electric grid in the eastern US, which has about two-thirds of all US electric load. If wind energy were to meet 20% of electric needs in the eastern US by 2024, according to the report, the likely reduction in carbon emissions would be less than 200 million tons per year. (All the scenarios in the NREL analysis cost a minimum of $140 billion to implement and the issue of cycling conventional power plants is only mentioned in passing.)
Coal emits about twice as much carbon dioxide during combustion as natural gas. But wind generation mostly displaces natural gas because natural gas-fired generators are often the most costly form of conventional electricity production. That said, if regulators are truly concerned about carbon emissions (and cutting air pollution) they should be encouraging gas-fired generation at the expense of coal. And they should be doing so because drillers are unlocking galaxies of natural gas from shale beds, so much so that US natural gas resources are now likely large enough to meet all of America’s natural gas needs for a century.
Meanwhile, the wind industry is pocketing subsidies that dwarf those garnered by the oil and gas sector. The federal government provides a production tax credit of $0.022 for each kilowatt-hour of electricity produced by wind. That amounts to $6.44 per million BTU of energy produced. Meanwhile, a 2008 EIA report said subsidies to the oil and gas sector totaled $1.9 billion per year, or about $0.03 per million BTU of energy produced. Thus, on a raw, per-unit-of-energy-produced basis, subsidies to the wind sector are more than 200 times as great as those given to the oil and gas sector.
Kevin Forbes, the director of the Center for the Study of Energy and Environmental Stewardship at Catholic University, told me that “Wind energy gives people a nice warm fuzzy feeling that we’re taking action on climate change.” But when it comes to carbon dioxide emissions, “the reality is that it’s not doing much of anything.”
Rumour is that Sirius Exploration intends to promot T shirts at their AGM next month.
http://i35.tinypic.com/16k6hec.jpg
http://i34.tinypic.com/1zoi70i.jpg
Derby Salts - Western Australia sub of Sirius Exploration Pcl
http://derbysalt.com.au/images/stories/map2.jpg
Derby Salts - E04/1960, E04/1961, EO4/1962, E04/1963, E04/19664
Interesting that Schlumberger has been contracted by BURU Energy
http://www.asx.com.au/asxpdf/20100827/pdf/31s4tmvlhvv7qb.pdf
http://images.energy365dino.co.uk/standard/114740_7194b418004a46558c7f.jpg
Only about 0.3% dilution. I am sure we can cope with the issue considering SXX has the potential to be a multi billion dollar company.
For immediate release: 27 August 2010
Sirius Exploration Plc
("Sirius" or the "Company")
Issue of Equity and Options
The Directors of Sirius Exploration Plc (AIM: SXX, OTC: SRUXY), the potash mining group, are pleased to announce that the Company has issued 2,000,000 new Ordinary Shares of 0.25p to satisfy the obligations of the Services Framework Agreement dated 5 May 2010 with CIC Mining Resources Limited.
Application will be made for 2,000,000 new Ordinary Shares, which will when issued rank pari passu with the existing Ordinary Shares in issue, to be admitted to trading on AIM; trading is expected to commence on 3 September 2010.
Following the issue of the new Ordinary Shares as set out above, the total number of shares in issue will be 665,300,160.
In addition, the Company has issued 8,500,000 options, exercisable at 4.5p for 5 years from the date of grant to Lee Rodne, JT Starzecki, W Sonnenreich and Pat Griffiths in relation to work conducted for the Company.
- ENDS -
For further information, please contact:
Sirius Exploration Plc
Richard Poulden Tel: +971 504 524 994 begin_of_the_skype_highlighting +971 504 524 994 end_of_the_skype_highlighting
I have heard that the new chairman is gonna revolutionize the company with his new innovative approach
wow thanks for informing about the update, now I find another reason to support Sirius
given that Sirius has taken over the queensland potash pty ltd.. we are gonna have a good future in our hands
Get in early today. It will jump up.
http://www.otcmarkets.com/stock/SRUXY/news
Queensland update: Sino-Agri MOU
Aug 26, 2010
Pink OTC Markets News Service
London, United Kingdom —
For immediate release:
Sirius Exploration Plc
(“Sirius” or the “Company”)
Queensland update:Sino-Agri MOU
The Directors of Sirius Exploration Plc (AIM: SXX, OTC: SRUXY), the potash mininggroup, are pleased to announce that the Company has entered into a Memorandumof Understanding (“MOU”) with Sino-Agri Mining Industry Co. Ltd (“Sino-Agri”),a division of China’s second largest fertilizer distributor, to developSirius’s property overlying the Adavale Basin in Queensland, Australia.
Under the terms of the MOU, the Parties will explore whether to enter into furtheragreements to establish: firstly, the feasibility of commercial potashproduction on Sirius’s Adavale properties; and secondly, commercially reasonable and profitable terms for the scope of services to be provided bySino-Agri on an exclusive basis for the Adavale project (“Project”).
Inparticular, Sirius and Sino-Agri will endeavour to negotiate mutually acceptable agreements covering firstly an off-take agreement and, secondly, a joint development and funding agreement. Under any such agreements Sino-Agri will be the sole provider of services to bring the Project to commercial production inexchange for 50% of the equity in the Project.
Asannounced on 20 August 2010, based on an interpretation of existing seismic and petroleum drilling data by Boyd PetroSearch (“Boyd”), Sirius has interpreted a site within its Queensland properties considered very prospective for potash.
Aninitial exclusivity period between the Parties exists for 180 days after which date the Parties can select to extend or terminate the MOU. CIC Group China provided advisory services to Sirius on the transaction.
ChrisCatlow, Chairman of Sirius Exploration, commented:
“Sirius is pleased to have taken this important first step in developing a long term relationship with Sino-Agri, a group that is establishing itself asone of the world’s largest potash distributors. Signing this MOU demonstrates that major fertilizer consumers are concerned about the current concentrationof world’s potash supply and wish to fast track the development of new large potash resources. It also confirms the market’s recognition of the massive potential our Adavale tenements offer, and potentially provides Sirius with off-take, finance and surety of commercial production whilst retaining 50% equity in the project. Sirius will now continue moving forward with a range of initiatives across itsportfolio to fast-track the company into a significant global potash supplier. Tothat end, we look forward to further developing our relationship with Sino-Agri.”
- ENDS –
For further information, pleasecontact:
Sirius Exploration Plc
"Do people think the tax announcement will have an impact?"
Our Chairman certainly thinks so.
"We have been working closely with the North Dakota Government to finalise an appropriate operating and taxation regime for
potash exploration and production within the State. We have developed an excellent working relationship with the relevant officials and stakeholders and have been pleased with the enthusiasm and cooperation we have received to date."
"We are hopeful that we will have appropriate regulations in place within the next legislative session. This will allow us to plan with more certainty and facilitate acceleration in the rate of development activities."
North Dakota News: Legislators debate tax increment financing
By REBECCA BEITSCH Bismarck Tribune | Posted: Wednesday, August 25, 2010 12:30 am
Worried that developers might be cashing in on multiple tax credits, the Legislature’s Interim Taxation Committee heard testimony on a bill that would ban cities from overlapping districts that receive designated tax money for economic development.
The bill would stop cities from overlapping tax increment finance districts, which set property taxes aside in a special fund to spur development, and renaissance zones, which offer income and property tax credits for investment in the area. The TIF programs are run by cities while the renaissance districts are overseen by the state.
The districts and zones cover certain geographical areas that Jerry Hjelmstad with the League of Cities said do overlap in certain North Dakota cities, though no one takes advantage of both in each instance.
The issue divided many legislators, though not along party lines.
“This is a classic case of double dipping that developers could use,” said Sen. John Andrist, R-Crosby.
But Rep. Jim Kasper, R-Fargo, said the two urban development programs provide valuable tax incentives for private businesses, not a system ripe for abuse.
Democratic Rep. James Dotzenrod of Wyndmere agreed.
“I’d be prepared to vote for this if after 10 years of experience, we’ve got a problem,” Dotzenrod said. “All I’m asking for is the proponents of this bill to give me some examples.”
Legislators also spoke of drawing up new requirements to bring TIF districts to a close, either after the goals in the development plan were achieved or after a certain number of years.
Bismarck’s TIF districts have remained the example commonly referred to by legislators for the longevity of a district first established in 1979.
Over time, the property taxes set aside for development in that district have grown to over $16 million, about 41 times more than the next highest TIF district fund. Because that money would otherwise be dispersed to local tax-levying districts, almost half, or
$8 million, would go to Bismarck schools. The money is currently resting in one fund until a lawsuit challenging the constitutionality of such programs is settled.
Bismarck’s renaissance zone is entirely within a TIF district. The city did put some restrictions on using money from both programs at the same time, but the TIF program has come to a halt due to the lawsuit.
The committee also moved forward a bill to continue property tax relief after a lengthy discussion over whether to do so through the same mechanism as in a 2009 bill which allows local jurisdictions to reduce property taxes while the state subsidizes school funding or through an income homestead tax credit which was passed in 2007.
The committee decided to once again to pursue tax relief through education. Giving money to schools for property tax cuts would cost about $340 million over two years, an increase from last year’s bill because it includes types of property that were accidentally neglected in the current version.
Sen. Tracy Potter, D-Bismarck, who sponsored the bill that would bring relief through income tax, said he will not push his bill outside of the committee.
Also proposed was a bill that would set up a system for taxing potash in North Dakota. The plan would function largely like the oil and gas tax and would charge about 5 percent by ton. Estimates show the tax would bring in about $16 million to the state per year.
(Reach reporter Rebecca Beitsch at 250-8255 or 223-8482 or rebecca.beitsch@bismarcktribune.com.)
Sirius Exploration report:Moving ahead with potash prospects
By Daniel Stewart & Co
- Sirius is moving ahead with the exploration of its potash prospects in the USA and Australia. In the USA, it has received permission to drill a deep borehole to test the potash at its Dakota Salts project. Work should start in Q4 2010.
- In Australia, the company has just received the results of technical studies, examining the geological potential of the licences in Queensland. These studies will be used to plan a drilling campaign to test the potential for potash there.
Lawmakers ponder ND property tax reduction options
http://www.grandforksherald.com/event/apArticle/id/D9HPVJQ01/
North Dakota lawmakers are pondering the best way to extend property tax breaks to local taxpayers.
One option is to give property owners a state income tax credit. Another is to provide extra money to schools, as long as they use it to cut property tax rates.
The Legislature has tried both methods in the past four years, and the Legislature's interim Taxation Committee is considering the question again.
North Dakota Tax Department analyst Kathryn Strombeck said Tuesday that giving the money to local schools for property tax cuts is easier to administer. But it is the more expensive option.
Giving money to schools for property tax cuts would cost about $340 million over two years. Providing two years' worth of income tax credits would cost about $280 million.
Copyright © 2010 The Associated Press. All rights reserved. The information contained in the AP News report may not be published, broadcast, rewritten or redistributed without the prior written authority of The Associated Press.
AGM should be called within the next 3 - 5 weeks.
Lots of good reports are due/overdue before then.
So get ready to buckle up.
Yep.. I have seen Recent Queensland update. Also thanks to provide this information. So, what do you think now? can we be headed back to the good times of Sirius exploration?
Really! I will wait for that day. Thank you Code red.
Welcome Thunderbolt. Also thanks for your information. Can we expect any good news about Sirus Exploration Plc.?
Sirius Exploration: Queensland update
http://www.marketwire.com/press-release/Queensland-update-LSE-SXX-1307568.htm
Aug 20, 2010 08:00 ET
Queensland update
For immediate release:
Sirius Exploration Plc
("Sirius" or the "Company")
Queensland update
The Directors of Sirius Exploration Plc, (AIM: SXX, OTC: SRUXY), the mining and exploration holding company
focused on potash and salt deposits in North America and Australia, are pleased to provide an update in
relation to its properties in Queensland, Australia. The Company currently holds exploration permits
covering approximately 600 square kilometres of land overlying the prospective Boree Salt Member, a
formation recognised for its significant salt and potash potential. These properties lie some 50 kilometres
south of the town Blackall which has an established road, rail and airplane infrastructure.
During the last quarter Boyd PetroSearch ("Boyd") has been conducting a full interpretation of existing
seismic and petroleum drilling data for the permit land on behalf of the Company. This work was conducted
in two phases and has now been completed. Phase 1 involved the interpretation of publicly available 2D
seismic data; phase II involved digitising the available raster data of seismic lines within the project
area and integrating these with the initial interpretation to produce a new robust interpretation of the
Boree Salt Member.
The initial findings of this work suggest that significantly more salt is present within the exploration
permits than originally believed - Boyd calculating that approximately 100 billion tonnes exist within the
northern exploration permits. This is approximately a 100% increase when compared with the previous
estimations by Sirius using the historic Poseidon seismic interpretation (2008 Terra Search report).
Furthermore, no fatal flaws in the current programme to explore for potash were identified through Boyd's
2D seismic interpretation. Indeed, subsequent work by Sirius which has involved the integration of the Boyd
interpretation with additional data has enabled the Company to interpret a site considered very prospective
for potash formation.
Chris Catlow, Chairman of Sirius Exploration, commented:
"Thanks to Boyd's work, we now hold the most comprehensive analysis of the Boree Salt Member that
exists for our Adavale Project. We are now working with our exploration partners to develop the
initial test drill programme and look forward to updating shareholders on this activity as it
progresses. Adavale is located close to an area where good infrastructure is already in place.
It is also encouraging to see the progress being made by East Energy Resources with its nearby
Blackall Coal project."
Competent Person's Statement
The technical information contained in this announcement has been reviewed and approved by Derek Stonley, a
director of the Company. Mr Stonley graduated from Cambridge with a BA in Natural Sciences and has over
forty years experience in the mining sector. From 1980-1987, Mr Stonley held senior positions at BP
Minerals International Limited. As Consulting Geologist at BP Minerals, he was responsible for the
development of methodologies for valuing exploration properties worldwide. Following the sale of BP
Minerals to RTZ, Mr Stonley was Senior Geologist and ultimately a Consulting Geologist at Rio Tinto Mining
and Exploration Limited.
- ENDS -
hmmmmmmmmmm,,,,,,,,,,,,just wait and see.
Hi code. Doing good. I am a positive thinker. There has been great news lately - can we be headed back to the good times of Sirius exploration? what do you think?
hey marther, how are you? What do you think the future is gonna be for Sirius?
maybe we are soon gonna witness time when Sirius was as good as it was earlier :)
have you guys heard the latest news that the chairman has changed? this is gonna bring in a lot of new enthusiasm in SRUXY, dont you think?
ustralia – Queensland
Sirius Exploration has acquired all the issued share capital of AusPotash Corporation, whose wholly-owned subsidiary Queensland Potash Pty Limited holds exploration permits covering an area of approximately 280 square kilometres in a region of Queensland, Australia, overlying the Boree Salt Member, a formation recognised for its significant salt and potash deposits.
Sirius also has a 100% interest in Adavale Holdings Pty which holds mineral exploration permits covering nearly 320 sq km of land adjacent to the Queensland Potash permit area also overlying the Boree Salt Member. Combined, they provide Sirius with over 600 square kilometres of exploration permits in Queensland, Australia.
www.auspotash.com
www.queenslandpotash.com/ Adavale Holdings Pty
Dakota Salts: Exploration Permit Granted
The Directors of Sirius Exploration Plc, (AIM: SXX, OTC: SRUXY), the mining and exploration holding company focused on potash and salt deposits in North America and Australia, are pleased to announce that an Exploration Permit (“Permit”) application has been granted by the North Dakota Industrial Commission to Sirius’s wholly-owned subsidiary Dakota Salts LLC (“Dakota Salts”).
read more at http://www.siriusexploration.com/news/196-dakota-salts-exploration-permit-granted
The Directors of Sirius Exploration (AIM: SXX, OTCQX: SRUXY) are pleased to announce the appointment of Christopher (Chris) Catlow as Chairman of Sirius Exploration with effect from 6th April 2010. Chris Catlow, 49, is a highly experienced executive in the international resources industry, having been a senior executive of the ASX-listed iron ore mining company Fortescue Metals Group Limited (ASX:FMG), since shortly after its formation in 2003
Hmmmmmmm,,,,,,,,,,,,it seems you really want to give us all good information about Sirius Exploration Plc. Good keep it up.
More information about Sirius Exploration Plc :
Sirius Exploration Plc is a diversified holding company with interests in mineral properties in Australia and North America. It operates in two segments: resource evaluation and exploitation and environmental improving solutions. The Company operates in United States and Australia. During the fiscal year ended March 31, 2010 (fiscal 2010), the Company acquired 63.8% and 30.71% interest in Auspotash Corporation, which is engaged in the acquisition, exploration and development of mineral properties. On October 14, 2009, it acquired 90.1% interest in Adavale Holdings Pty Limited. On October 19, 2009, the Company acquired 100% interest in Derby Salt Pty Limited. On October 13, 2009, the Company acquired 100% interest in CO2 Energy Storage Pty Limited and Bicarb Sequestration Pty Limited.
Thank you. This is good information.Something like there has been great news lately - can we be headed back to the good times of Sirius exploration
I agree with you. By the way, have to seen this ?
http://www.dakotasalts.com/
,,,,,,,,,read this news and let me know how do you feel about SRUXY.
Sirius has acquired the IP and the issued share capital of three research and development companies focused on innovative new technologies for using its properties post the mining phase for environmentally beneficial activity.,,,,,,,,,,,,,what is your opinion?
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Sirius Exploration Plc is a diversified mining and exploration holding company with salt and potash interests in North America, United Kingdom and Australia and initiatives in Compressed Air Energy Storage and Carbon Sequestration.
Current Projects are:
North America - North Dakota (ND) (Drilling has commenced) http://www.dakotasalts.com/
Dakota Salts LLC is a wholly owned subsidiary of Sirius Minerals Plc and is incorporated in Colorado, USA. Based in Denver, Dakota Salts holds mineral leases in excess of 13,000 acres in North Dakota, USA, allowing for the exploration and extraction of salt and potash and the creation of caverns for the storage of natural gas and other hydrocarbons or the storage of compressed air for electricity generation
EUROPE - UNITED KINGDOM - NORTH YOURSHIRE (NY) http://www.siriusminerals.com/projects/united-kingdom/north-yorkshire/
AUSTRALIA - QUEENSLAND (QLD) - ADAVALE BASIN http://www.siriusminerals.com/projects/australia/queensland/
AUSTRALIA - WESTERN AUSTRALIA (WA) - CANNING BASIN http://www.siriusminerals.com/projects/australia/western-australia/
Sirius owns exploration application permits covering some 1250 km2 of claims in the Kimberley region of Western Australia that overlie the Canning Basin. In total, the exploration application permits relate to five tenements that are situated over the Canning Basin – E04/1960, E04/1961, EO4/1962, E04/1963, E04/19664. These lie some 200 km south-east of Broome and are between 100 km and 150 km south of Derby.
Based on the wealth of historic data that exists as a result of previous oil and potash exploration in the area, these five properties are known to overlie the Mallowa Salt evaporate unit within the Canning Basin.
The Mallowa Salt is recognised as the largest halite accumulation in Australia, according to a report compiled by Rio Tinto in June 2009. Within the Sirius tenements, the Mallowa Salt is around 450 metres thick with the top at a depth of approximately 550 metres below the surface.
These tenements are also close to known coal and gas projects.
In addition, the Company has acquired two further exploration application licenses overlying the Canning Basin. The additional tenements are E04/2003 and E04/2005 and are located in the northwest area of the Willara sub basin of the Canning Basin and cover approximately 1000 square kilometres.
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Deputy Chairman Richard Poulden video: http://www.objectivecapitalconferences.com/ocic/rpoulden.html
Latest Announcement, News Releases and Total Voting Rights here: http://www.siriusminerals.com/news/
OTC Markets Real-Time Level 2 QUOTE Montage for SRUXY: http://www.otcmarkets.com/stock/SRUXY/quote#getQuote
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