
![]()
![]()
![]()
![]()
You are viewing the World Edition
Choose the news you want to read
View the site in World Edition, UK News Edition
Canadian News Edition or Australian News Edition

View full financial data |
Eleckra Mines Limited ("Eleckra, Company") was listed on the ASX on 4 July 2006.
Summary
Eleckra has exploration projects in Western Australia.
The Yamarna Project in the Eastern Goldfields, with an approximate area of 3,600km2 is prospective for gold, uranium, iron, chromium, platinum group metals, nickel and copper. The updated resource for the Yamarna Gold Project was announced on the ASX on 1 September 2008, total 749,000 ounces of gold (13.1 mt at 1.78 g/t Au).
Significant sections of the Thatcher Soak calcrete hosted uranium deposit lie within Eleckra's tenements. Recent drilling by the Company has outlined extensive uranium mineralisation within Eleckra's Thatcher Soak areas. The Company announced its maiden uranium resource estimate on 15 September 2008 containing 6.2 million pounds of U3O8 (approximately 2.8kt) (16.1 mt at 174 ppm U3O8).
The Company announced on 31 October 2008 its first pass pit optimisation studies. Sensitivity analysis was performed by varying costs (as at July 2008), process recoveries, gold pricing and various types of processing to assess their impact on optimum pit size. This optimization study has highlighted the sensitivity of the resource to changes in the gold price and operating costs.
The optimisation study demonstrated that the resource could potentially become economic at a sustained Australian dollar gold price above $A1400/oz (this price was achieved briefly in October 2008). The 2008 optimisation indicated that reduction in costs by 10-20 % could significantly increase the project cashflow. The sustained increase in gold price and reduction in costs would have a significant impact on the economics of the Yamarna Gold Project.
The Company's total tenement position within the Yamarna Project comprises 40 granted tenements and 22 applications for exploration licences, prospecting licences and mining leases, covering approximately 3,600km2 in area. These tenements cover most of the Yamarna Greenstone Belt and Dorothy Hills and Mount Venn greenstone belts within Western Australia's Eastern Goldfields.
The Company has been granted 1,500 km2 of new exploration tenements between Yamarna and AngloGold / Independence's Tropicana gold deposit, which we have called "Golden Sands". Regional aeromagnetic surveys and reconnaissance geochemical sampling is planned.

| Ian Murray | Executive Chairman |
| Russell Davis | Non-Executive Director |
| Kevin Hart | Non-Executive Director |
| Ziggy Lubieniecki | Exploration Manager |
Company Address6 Altona Street
|
Additional Address/Key ContactPostal Address |
CapitalAs at 31 March 2009
|
Annual General MeetingNovember, Perth | Year End30 June |
| At 13th March 2009 | |
| Asarco Exploration Company Inc | 8.1% |
| Mining Projects Group Ltd | 7.5% |
| Perth Select Seafoods | 6.5% |
| HSBC Nominees Ltd | 6.4% |
| Directors & Associates | 5.1% |
| Terra Gold Mining Ltd | 4.8% |