Disclaimer: All information on this section is of a general nature.
Before making any investment decision, you should consult your adviser.
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.