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Company Information for Aldershot Resources Ltd

Company stock charts - 6 Month chart

Exchange TSX.V; ALZ


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Company Statement

Aldershot Resources Ltd is a Canadian based company focused on uranium exploration with projects in Australia and Zambia, most of which have been farmed out, and an active global project generation program directed at the Colorado Plateau in the United States of America.

Aldershot has an experienced board and senior management team with over 20 years uranium exploration experience primarily in Australia.


Current Operations

Aldershot and Royal Resources have signed an agreement to execute a farm-in and join venture under which Royal will acquire a 60% interest in Aldershot’s 100% owned Northern Territory uranium properties – and will be the Operator

  • Royal has the right to earn 60% equity in ALZ’s four project areas in the NT by spending A$300,000 per year for three years.
  • Three projects are in the Pine Creek Orogen in areas of historically high-grade uranium mining. The George Project includes the historic Adelaide River and George Creek Mines where the Adelaide River Mine produced 3,447t at 0.5% U3O8 and Aldershot’s diamond drilling returned 7.1m at 0.35% U3O8 including 4m at 0.72% U3O8. The ABC Prospect was drilled by the Bureau of Mineral Resources with grades of up to 4.29% eU3O8 reported and Westerhouse West contains 10km of the highly prospective Coomalie contact.
  • The Ngalia basin is host to significant uranium resources, including the Napperby (Deep Yellow Ltd) and Bigrlyi (Energy Metals Ltd: 53.7%, Paladin Energy: 42.1% and Southern Cross Exploration NL: 4.2%) deposits. Ngalia lies along strike to the latter which has a resource of 10,555 tonnes U3O8 at an average grade of 0.14% U3O8.
  • Date ALZ expected to contribute: July 2011

Aldershot has entered into a Join Venture Agreement with Cameco covering Aldershot’s Turee Creek Project in Western Australia. The Turee Creek project is defined by a single exploration licence covering 100km2 in the Pilbara region of Western Australia.

The agreement provides that Cameco will:
  • Reimburse Aldershot’s exploration costs of approximately A$210,000
  • Undertake a minimum of 1,000m of drilling within 12 months and
  • Spend A$2,500,000 within 4 years to earn a 70% join venture
  • Interest in the property – Cameco will operate the project
  • Date ALZ expected to contribute; July 2011

Aldershot and African Energy Resources have signed and Earn-in Agreement covering Aldershot’s two prospecting licences along the northern shores of Lake Kriba, adjacent to African Energy’s Kariba Valley JV Project
  • Under the terms of the Earn-In Agreement, African Energy can earn an initial 51% interest in Aldershot’s tenements by spending A$500,000 within 3three years
  • African Energy can subsequently increase its equity interest to 7-% through the completion of a Pre-Feasibility Study and delivery of an Inferred resource
  • Aldershot’s tenements cover an area of 754km2 predominantly  underlain by Karoo aged sediments similar to those which host the nearby Njame and Gwabe uranium deposits (African Energy) and the Mutanga an Dibwe uranium deposits (Denison Mines)
  • Aldershot’s rock-chip sampling has confirmed the presence of uranium at a number of prospects with peak values of 1,780 ppm U3O8 in mud ball horizons hosted by sandstones
  • Date ALZ expected to contribute: Dec 2011


Geographical Spread

Australia and Zambia. Have ambitions to undertake projects in Utah in the USA.


Board of Directors and Key Management

Jeremy Caddy (Mining Engineer) President, Chief Executive Officer, Director
Frank DeMarte (Chartered Accountant) Chief Financial Officer, Corporate Secretary, Director
Ian Adam, FCA Director (Independent)
Ian Faris (Geologist, 15 years uranium experience)Global Uranium Exploration Manager

Company Address

Suite 209, Old Stock Exchange Building, 475 Howe Street
Vancouver, British Columbia, Canada V6C 2B3

Telephone:+1 604-682-6718
Facsimile:+1 604-682-6722
Email:info[at]aldershotresources.com
Website:http://www.aldershotresources.com

Additional Address/Key Contact

AUSTRALIAN ADDRESS
Level 3, IBM Building
1060 Hay Street
West Perth WA 6005
Australia

Tel: +61 8 9321 9680
Fax: +61 8 9321 9670

Shareholder Capital

74,092,975 common shares issued and outstanding

Annual General Meeting

October 23, 2009. Vancouver, Canada

Year End

January 31

Nominated Brokers

Northern Securities Inc.
150 York Street
Toronto, ON M5H 3S5

Major Shareholders

Pinetree Capital – 14.2%
Thundelarra Exploration – 4.7%
Philip G Crabb – 5.4%
Jeremy Caddy – 3.1%

Related News

05/11/09 - Aldershot Resources Is Gearing Up For The Spring Drilling Campaign At George Creek
13/07/09 - Aldershot Resources May Be In The Midst Of Thrashing Out A Uranium Production Strategy With New Friend Pinetree Capital
24/09/08 - Cameco, Plus A Convertible Debenture, Gives Aldershot Resources Room For Manouevre

Most Recent Statement

21/07/09 - Smartstox.com Presents Executive Overview of Aldershot Resources' Uranium Exploration Projects
13/07/09 - Northern Territory Uranium
17/06/09 - Aldershot/Royal Win N.T. Drilling Collaborations Grant
03/06/09 - MD & A - Period Ending 30 April 2009
03/06/09 - Non Brokered Private Placement Closes
28/05/09 - Financing

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