Global Strategic Metals

from Wikipedia, the free encyclopedia

Global Strategic Metals Ltd

logo
legal form Limited
founding 1969
Seat Sydney , New South Wales ( Australia )
management
Branch Mining

old logo

Global Strategic Metals Ltd (formerly Global Strategic Metals NL , East Coast Minerals NL ) is a mining company from Australia . It operates deposit exploration and mines for silver and other metals in Western Australia . The company's shares were traded on the Australian Securities Exchange and the Open Market of the Frankfurt Stock Exchange, and in June 2012 it changed its name from East Coast Minerals to Global Strategic Metals. The main owners of the company are Exchange Minerals with 33.5% and Cape Lambert with 19.5% of the shares. In August 2014, the listing was withdrawn and the logo and name changed.

Deposits

Elizabeth Hill

Elizabeth Hill is about 25 kilometers south of Karratha , where silver was mined in a small underground mine between 1998 and 2000 . 16,800 tons of rock with a grade of 2100 grams of silver per ton of rock were extracted, a total of 1.17 million troy ounces of silver. After mining, further test drilling was carried out; in 2010, such rock with a silver content of 6.4 grams per ton of rock was found at a depth of four meters. These values ​​are well below those from earlier times, and mining is not profitable.

Gossan Dam

The Gossan Dam area is located in the Mukinbudin Shire , and rock samples have been analyzed from here since the 1970s. In drilling Shell Exploration Minerals in 1977 depth were 1.00% for the best results in a meter copper , 1.50% lead , 1.70% zinc and 760 grams of silver per ton of rock measured. At a depth of 85 meters, the values ​​were 0.65% copper, 1.58% lead, 1.81% zinc and 680 grams of silver per ton of rock. In 1997 further samples were taken from the Iron Hat by Merrit Mining . The best results were 2.23% zinc, 1.01% lead, 12.9% manganese and 34.8 grams of silver per ton of rock.

Wolfsberg Lithium Project

Probably the largest lithium deposits in Europe in the form of spodumene are located near the city of Wolfsberg in Carinthia . Test drillings were already carried out in the 1980s, today the reserves are estimated at around 17 million tons of rock with a lithium oxide content of 1.5% and a further eight to twelve million tons of rock with a lithium oxide content of 1.5 to 2.0% supposed. The mining rights belonged to the Carinthian coal and steel industry , which they sold to East Coast Minerals in 2011 for 10.25 million euros. The company wants to mine around 300,000 to 350,000 tons of rock per year in the tunnel on the Lavanttal Wine Plain.

Individual evidence

  1. a b Annual Report 2012. (PDF; 4.5 MB) eastcoastminerals.com, accessed on March 1, 2013 (English).
  2. Overview. eastcoastminerals.com, accessed March 1, 2013 .
  3. East Coast Minerals Nl (ECM: ASX) ( Memento from April 7, 2013 in the Internet Archive )
  4. ASX / Media Announcement December 14, 2012. (PDF; 340 kB) infomine.com, accessed on March 1, 2013 (English).
  5. GLOBAL STRATEGIC METALS NL GSZ - Profile and Status | deListed Australia. In: www.delisted.com.au. Retrieved January 18, 2017 .
  6. Elizabeth Hill. eastcoastminerals.com, accessed March 1, 2013 .
  7. Gossan Dam. eastcoastminerals.com, accessed March 1, 2013 .
  8. Australians take over lithium deposits in Carinthia. diepresse.com, accessed March 1, 2013 .
  9. ^ Wolfsberg Lithium Project, Austria. eastcoastminerals.com, accessed March 1, 2013 .
  10. Lithium will only be mined in Austria after 2013. wirtschaftsblatt.at, archived from the original on February 24, 2016 ; accessed on March 1, 2013 (English).
  11. East Coast now has building rights at the wine level. kleinezeitung.at, archived from the original on September 15, 2014 .;