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Rolek Resources Limited - October 2018

 

Exploration exposure to Manganese Thematic

RolekResources Limited (Rolek) represents an excellent opportunity to gain exposureto a growing global theme through a staged earn in to an advanced manganeseproject in a world class manganese province. There is a good prospect ofachieving an initial JORC compliant resource estimation achievable withoutfurther drilling.

Rolekwas formerly known as Shaw River Manganese Limited (SRR) and has recentlyissued a re-compliance public offer prospectus to raise $5m.

Fora junior explorer to be successful we believe that it requires threeattributes: an experienced Management Team with a successful trackrecord in progressing the project and building shareholder value – eitherthrough exploration success or building mines; secondly, excellent Assets interms of scale, geology & metallurgy, which should convert into an easilymineable resource at a low cost, translating into good economic values for theproject. Finally, jurisdiction in terms of country risk andinfrastructure availability.

Rolekhas an experienced management team who understands the project and what isrequired to successfully progress it. The Barramine Manganese project is around70km north of the Woodie Woodie mine which is currently producing around 1m MTp.a. currently from very similar geology; and the projects are all in WesternAustralia, an excellent exploration and mining jurisdiction.

Followingcompletion of a share sale agreement to acquire the manganese and iron orerights to the Barramine Project plus acquisition of 5 additional project areas(Acquisition), Rolek will be a natural resources company with a portfolio ofstrategic and base metals projects located in the Kimberley, Pilbara, Gascoyneand Murchison regions of Western Australia. The Company’s focus and vision willbe to maximize shareholder value through the expansion of its resource base,development of its advanced Barramine Manganese Project and targetedexploration of its other strategic mineral projects. Rolek will also seek toacquire other high-quality projects to complement and diversify its currentportfolio of projects both in its geographical and commodity focus.
 
25/10/2018 9:00:00 AM

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