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IRR Ironridge Resources Limited

23.50
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Ironridge Resources Limited LSE:IRR London Ordinary Share AU0000XINEX3 ORD NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 23.50 23.00 24.00 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

IronRidge Resources Limited Director Dealing (5236L)

19/07/2017 12:11pm

UK Regulatory


Ironridge Resources (LSE:IRR)
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TIDMIRR

RNS Number : 5236L

IronRidge Resources Limited

19 July 2017

19 July 2017

IronRidge Resources Limited

(AIM: IRR)

Director Dealing

IronRidge Resources Limited ("IronRidge" or the "Company") has been informed today that Geoffrey Stuart Crow, a Non-Executive Director of the Company, has sold 1,000,000 shares of no par value ("Shares") today (19 July 2017) at a price of 35 pence per share. Following the sale, Mr Crow holds 1,500,000 10p options in the Company (expiring on 31 December 2017) that he intends to exercise this year, and 750,000 60p options in the Company (expiring on 3 May 2019).

The Board and Mr Crow reaffirms that he remains committed to contributing to the ongoing growth and success of the company as a Non-Executive member of the Board.

Mr Crow's shares have been acquired by Assore Limited which now holds 78,916,667 Shares, representing approximately 30.1% of the Company's issued share capital.

Market Abuse Regulation (MAR) Disclosure

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM:

 
 1.   Details of the person discharging managerial 
       responsibilities/person closely associated 
---  ------------------------------------------------------------- 
 a)   Name:                              Geoffrey Stuart Crow 
---  ---------------------------------  -------------------------- 
 2.   Reason for the notification 
---  ------------------------------------------------------------- 
 a)   Position/status:                   Non-Executive Director 
---  ---------------------------------  -------------------------- 
 b)   Initial notification/Amendment:    Initial notification 
---  ---------------------------------  -------------------------- 
 3.   Details of the issuer, emission allowance market 
       participant, auction platform, auctioneer or 
       auction monitor 
---  ------------------------------------------------------------- 
 a)   Name:                              IronRidge Resources 
                                          Limited 
---  ---------------------------------  -------------------------- 
 b)   LEI:                               213800H1JY3J7BB6BN06 
---  ---------------------------------  -------------------------- 
 4.   Details of the transaction(s): section to be 
       repeated for (i) each type of instrument; (ii) 
       each type of transaction; (iii) each date; and 
       (iv) each place where transactions have been 
       conducted 
---  ------------------------------------------------------------- 
 a)   Description of the financial       Depositary Interests 
       instrument, type of instrument:    of no par value 
       Identification code: 
                                          AU0000XINEX3 
---  ---------------------------------  -------------------------- 
 b)   Nature of the transaction:         Sale of shares 
---  ---------------------------------  -------------------------- 
 c)   Price(s) and volume(s):            Sale Price(s)   Volume(s) 
                                          ---------  ---------- 
                                           35p        1,000,000 
                                          ---------  ---------- 
---  ---------------------------------  -------------------------- 
 d)   Aggregated information:            Single transaction as 
       Aggregated volume:                 in 4 c) above 
       Price:                              Price(s)   Volume(s) 
                                          ---------  ---------- 
                                           35p        1,000,000 
---  ---------------------------------  -------------------------- 
 e)   Date of the transaction:           19 July 2017 
                                          14:30 AEST 
---  ---------------------------------  -------------------------- 
 f)   Place of the transaction:          Outside of a trading 
                                          venue 
---  ---------------------------------  -------------------------- 
 

For any further information please contact:

 
IronRidge Resources Limited 
Vincent Mascolo (Chief       Tel: +61 7 3303 
 Executive Officer)           0610 
Nicholas Mather (Executive   Tel: +61 7 3303 
 Chairman)                    0610 
 
SP Angel Corporate Finance   Tel: +44 (0)20 
 LLP                          3470 0470 
Nominated Adviser and 
 Broker 
Jeff Keating 
 Caroline Rowe 
 
 Yellow Jersey PR Limited      Tel: +44 (0) 
 Charles Goodwin               7544 275882 
 Harriet Jackson 
 

Notes to Editors:

IronRidge Resources is an AIM listed mineral exploration company with frontier assets in both Australia and West Africa, with two province scale projects in Gabon, and promising and advanced titanium and bauxite projects in Queensland Australia. IronRidge's corporate strategy is to create and sustain shareholder value through the discovery of world-class and globally demanded commodities.

Australia

Monogorilby is prospective for province scale titanium and bauxite with an initial maiden resource of 54.9MT of premium DSO bauxite Monogorilby is located in central Queensland, within a short trucking distance of the rail system leading north to the Port of Bundaberg. It is also located within close proximity of the active Queensland Rail network heading south towards the Port of Brisbane.

May Queen is located in Central Queensland within IRRs wholly owned Monogorilby license package and is highly prospective for gold. Historic drilling completed during the 1980s intersected multiple high-grade gold intervals including 2m @ 73.4 g/t Au (including 1m at 145g/t), 4m @ 38.8g/t Au (at end of hole) and 3m @ 18.9g/t Au, over an approximate 100m strike hosting numerous parallel vein systems, open to the north-west and south-east.

Wholly owned Quaggy contains highly anomalous platinum, palladium, nickel, cobalt and copper exploration targets and is located in Central Queensland within a short trucking distance of the dormant rail system to the Port of Bundaberg. It is also located within close proximity of the active Queensland Rail network heading south towards the Port of Brisbane.

Gabon

Tchibanga is located in south-western Gabon, in the Nyanga Province, within 10-60km of the Atlantic coastline. This project comprises two exploration licenses, Tchibanga and Tchibanga Nord, which cover a combined area of 3,396km(2) and include over 90km of prospective lithologies and the historic Mont Pele iron occurrence.

Belinga Sud is Located in the north east of Gabon in the Ogooue-Ivindo Province, approximately 400km east of the capital city of Libreville. IRR's licence lies between the main Belinga Iron Ore Deposit, believed to be one of the world's largest untapped reserves of iron ore with an estimated 1bt of iron ore at a grade >60% Fe, and the route of the Trans Gabonese railway, which currently carries manganese ore and timber from Franceville to the Port of Owendo in Libreville.

Chad

The Company entered into an agreement with Tekton Minerals Pte Ltd of Singapore concerning its portfolio covering 1,000km(2) of highly prospective gold and other mineral projects in Chad, Central Africa. IronRidge is set to acquire 100% of Tekton including its projects and team to advance the Dorothe, Echbara, Am Ouchar, Nabagay and Ade licenses, which host multiple, large scale gold projects. Initial trenching results at Dorothe, including 14.12g/t Au over 4m, 34.1g/t over 2m and 63.2g/t over 1m, have defined significant gold mineralised quartz veining over a confirmed 1km strike at an average of 2m and up to 5m true width across multiple stacked vein zones over a 250m wide zone with new hard-rock artisanal workings potentially extending strike to >3km.

Ghana

The Company entered into conditional joint venture arrangements with Obotan Minerals Limited, Merlink Resources Limited and Barari Developments Limited of Ghana, West Africa, securing the first access rights to acquire the historical Egyasimanku Hill spodumene rich lithium resource, estimated to be in the order of 1.48Mt at 1.67% Li(2) O and surrounding tenements. The portfolio covers some 314km(2) with a further identified 20km strike of pegmatite vein swarms, tenure package is also highly prospective for tin, tantalum, niobium and gold which occur as accessory minerals within the pegmatites and host formations.

Ivory Coast

The Company entered into conditional joint venture arrangements in Ivory Coast, West Africa; securing access rights to highly prospective gold mineralised structures and pegmatite occurrences covering a combined 3,110km(2) and 400km(2) area respectively. The projects are well located within access of an extensive bitumen road network and along strike from multi-million ounce gold projects and mines.

Corporate

IronRidge made its AIM debut in February 2015, successfully securing strategic alliances with three international companies; Assore Limited of South Africa, Sumitomo Corporation of Japan and DGR Global Limited of Australia. Assore is a high- grade iron, chrome and manganese mining specialist. Sumitomo Corporation is a global resources, mining marketing and trading conglomerate. DGR Global is a project generation and exploration specialist.

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHFKLFFDDFBBBV

(END) Dow Jones Newswires

July 19, 2017 07:11 ET (11:11 GMT)

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