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Company Information for Starfield Resources Inc

Company stock charts - 12 Month chart

Exchange TSX.V; SRU


View full financial data

Company Statement

Starfield Resources Inc. is an advanced exploration and emerging early stage development company focused on its 100% owned Ferguson Lake Nickel-Copper-Cobalt-Platinum-Palladium-Rhodium property in Nunavut Territory, Canada. The Ferguson Lake project, which spans 1.3 million acres, is the largest base metal and PGE project in Nunavut, with an unparalleled rate of PGE discovery in North America. Since 1999, Starfield has completed 132,000 metres of diamond drilling in 359 holes.

Following the discovery of large mineral deposits, and preparation of National Instrument 43-101 technical reports, the company has reached the end of its primary exploration phase and plans to move forward into the development stage to value and define this deposit with a full scoping study scheduled for completion in late 2007. Starfield has developed a novel, environmentally friendly and energy-efficient hydrometallurgical flowsheet to recover nickel, copper, cobalt, palladium and platinum from Ferguson Lake massive sulphides.  


Current Operations

Ferguson Lake Project

  • 100%-owned project property spanning 1.3 million acres in Nunavut, Canada
  • Largest base metal and PGE project in Nunavut
  • 395 exploratory drill holes have been drilled to date
  • NI 43-101 qualified 44.2 million Copper-Nickel-Cobalt resource with potential to dramatically increase in size
  • Complete scoping study report filed to SEDAR on May 1, 2008
  • In excess of $20M budgeted for exploration and development in 2008-09-04

Investment Highlights
  • Emerging PGM mineral deposit with platinum assays of over 1 oz/tonne
  • 44.2 million tonne copper-nickel-cobalt resource with the potential to quadruple in size
  • Novel, environmentally friendly, and energy efficient hydrometallurgical process to recover metals
  • Accomplished management and board
  • Ideal political and permitting environment
  • 136,670 meters drilled in 378 core holes to date
  • Complete 43-101 report released July 2007
  • Full scoping study to be completed in Spring 2008

Project Timeline:

2008
  • Begin mine feasibility study
  • Continue exploration program

2009
  • Complete mine feasibility
  • Continue exploration program
  • Order major equipment

2010
  • Obtain final permits
  • Apply for operating licenses

2011
  • Begin construction

Innovative Technology For Canada's Future
Starfield, in partnership with NeoFerric Technologies Inc., has developed an innovative, environmentally friendly, highly efficient hydro-metallurgical extractive process for processing nickel-cobalt-copper sulphide ores.

Process highlights:
  • copper and nickel recoveries above 95%
  • produces either high purity metal, or marketable metal compounds
  • recycles key reagents
  • produces excess electrical power
  • competitive production costs


Geographical Spread

Canada, Nunavut Territory - Ferguson Lake Project.


Board of Directors and Key Management

André J. Douchane President & CEO
Greg Van Staveren Chief Financial Officer
Fred Mason VP Operations
Norman M. Betts Chairman
H. Stuart Bottomley Director
Henry Giegerich Director
Ross Glanville Director
Shirley Mears Director
Ulrich E. Rath Director

Company Address

130 Adelaide Street West, Suite 2210
Toronto, M5H 3P5

Telephone:+1 416.860.0400
Facsimile:+1 416.860.0822
Email:info[at]starfieldres.com
Website:http://www.starfieldres.com

Additional Address/Key Contact

Investor Relations:
Connie Anderson
Email: info@starfieldres.com

Capital

Common shares (basic): 264 million
Options: 22 million
Warrants: 25 million
Common shares (diluted): 311 million

Annual General Meeting

July

Year End

February 28

Related News

11/06/08 - Starfield Resources Looks Forward To Reaping The Rewards of Its Innovation
02/10/07 - Starfield Resources Brings In New Team And Awaits Scoping Study
14/03/07 - Ferguson Lake Could be a Hidden Gem for Starfield Resources

Most Recent Statement

10/11/08 - Starfield Resources Provides Drilling Update and Additional Core Assay Results
30/10/08 - Starfield Resources Provides Update on Hydrometallurgical Process
09/10/08 - Starfield Reports Results for Second Quarter ended August 31, 2008 and Provides Update from Current Drilling Program
18/09/08 - Starfield Resources Announces Further Core Assay Results From 2008 Drilling Program
04/09/08 - Starfield Resources Announces Successful Test Results From Hydrometallurgical Process
28/08/08 - Starfield Resources Announces First Core Assay Results From 2008 Exploration Program

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