HDN Haddington Resources: uranium

[stolwyk]

website: http://www.haddington.com.au/

Gets its income from tantalum and this pays for exploration.

However, it does'nt mention Uranium, except in news items:

http://www.haddington.com.au/newsroom/docs/030407_shoobridge.pdf

Can't complain about the grades and this at 37 cents share price! And with 55.7 mill shares and some unlisted options. About $4 mill + cash

The quiet one but could surprise.

Gerry
Holds HDN (26 c)
Readers, please do your own research and you decide if and when to buy, hold or sell any stocks or metals/commodities.

[stolwyk]

And unlike virtually all small explorers, it has a positive cashflow at the end of each 3 months:

http://sa.iguana2.com/cache/cdcef1b1e1179726805cded5688dc527/ASX-HDN-349762.pdf

That announcement mentions iron and a few other metals as well.

On 3 Dec 2004 it has 54.1 mill shares and that is now 55.7 mill shares, the difference being unlisted options converted to shares.

So, the capital base has remained constant during that time with Tantalum paying for exploration and commercial expenses.

Gerry
Readers, please do your own research and you decide if and when to buy, hold or sell any stocks or metals/commodities.

[stolwyk]

Moved up to 50 cents (+17.5 cents or 54%) but moving down due to a retracement:

http://bigcharts.marketwatch.com/interchart/interchart.asp?symb=AU%3AHDN&time=&freq=

At 50 cents, SLOW STO was a high 93.5 and it needed a correction although fundamentally, HDN looks good.

Some consolidation and we hope that 50 cents will soon be achieved again.
--------------------------------
Down to 45 now with SLOW STO down to 86.

[gisborne_gold]

What a spectacular rise over the last few days!

But are the rest of us who were too slow to react, now too late to enter?

[moimoi]

up 43% today.....

this from The Australian newspaper....

Haddington Resources has listed several new uranium targets from its Shoobridge Project in the Northern Territory.

Haddington is yet to begin a field-exploration program at Shoobridge, two hours south of Darwin and bought in April 2006 from private interests, but said research of Dominion Mining's work in the region helped identify the possible targets.

Its exploration program will use geochemical sampling and ground mapping to define possible drill targets with results expected in the September quarter.

cheers
moi

[stolwyk]

Thanks for that. Now 46.5 cents.


Sydney,6.47 pm: "TRADING HALT"

http://stocknessmonster.com/stock-quote?S=HDN&E=ASX

[stolwyk]

From Minebox http://www.minebox.com/story.asp?articleId=9239


Promising new uranium targets for Haddington at Shoobridge


Haddington Resources operations


Several new uranium targets have been identified at Haddington Resources’ Shoobridge Project in the Northern Territory.

Ongoing literature research, ahead of an extensive field exploration program to commence later this month, has revealed several new targets near the company’s Liberator Prospect where anomalous uranium mineralisation was previously reported.

Additional anomalous uranium values have been identified from previous exploration by Dominion Mining in the early 1990s, in three costeans approximately two kilometres to the north of the previously identified costean.

Significant values include 19m @ 0.12% (2.63 lb/t) U3O8, 9m @ 0.18% (4.06 lb/t) U3O8 (inc 3m @ 0.53% (11.7 lb/t) U3O8) and 8m@ 0.036% (0.79 lb/t) U3O8. The presence of torbernite, a secondary uranium mineral, was also reported.

Haddington Managing Director Colin McCavana said the results from its two new targets correlated with anomalies defined in the 1999 Rum Jungle Airborne Radiometric Survey.

“The Liberator Prospect covers anomalous uranium geochemistry and surface radiometric anomalies over a distance of approximately three kilometres.

“These targets are very encouraging and with a number of other uranium radiometric anomalies defined in the airborne survey, they will be the focus of our forthcoming exploration program,” Mr McCavana said.

Haddington’s up-coming exploration program will involve systematic geochemical sampling and ground mapping to define potential drill targets, with the company expecting to deliver results in the next quarter.

“Following evaluation of these results, we plan to commence drilling in the second half of the year,” Mr McCavana said.

[stolwyk]

Haddington to Acquire Profitable Services & Minerals Group

17 April 2007 ASX ANNOUNCEMENT
HADDINGTON TO ACQUIRE PROFITABLE SERVICES AND
MINERALS GROUP

• Haddington to acquire Minvest International Corporation, a profitable diversified services and minerals group with operations in Australia, Indonesia and Madagascar.
• The services business includes drilling, geophysics, project assessment and management and has generated EBITDA of approximately A$3 million.
• The combined mineral portfolio will include uranium, coal, lignite,
tantalum, gold and garnet in Australia, Madagascar and Indonesia.
• The combination of the two businesses will create a vertically integrated resources company with a strong cash flow and a large portfolio of highly prospective tenements.
• The acquisition is subject to due diligence and shareholder approval.

Haddington (ASX: HDN) is pleased to announce that it has entered into an agreement to acquire all of the issued shares of Minvest International Corporation (Minvest), an unlisted diversified services and minerals group with operations in Australia, Indonesia and Madagascar.
Under the agreement, which is subject to satisfactory completion of due diligence and shareholder approval by 31st May 2007, Haddington will issue 45.6 million shares as consideration to Minvest shareholders who will enter into a voluntary escrow in respect of these shares for a period of between two and three years, providing strong incentive to Minvest principals to continue to drive the value of the merged business.
The Directors of Haddington strongly endorse the transaction which will transform the Company into a diversified resources group with a substantial cash flow and a large portfolio of prospective mineral projects.
The Minvest Group has reported an average un-audited EBITDA of approximately $3 million per year since 2005 and expects its operations to grow into the future. This cash flow will significantly enhance Haddington’s ability to explore its mineral
projects.

In addition to the services businesses, Haddington will assume the Minvest portfolio of mineral projects which together with Haddington’s existing portfolio of mineral assets, will provide Haddington with a large inventory of exploration projects across
a range of commodities and will provide a new direction for its exploration efforts.

Uranium (Madagascar, 80%)
Minvest Madagascar SA, an 80% subsidiary of Minvest, has title over three uranium areas comprising 1,300 square kilometres in the south of Madagascar. The areas are at an early stage of exploration, however, airborne radiometric carried out by the French Commissariat a l’Energie Atomique and the United Nations Special Fund has
identified radioactive anomalies which were confirmed by Minvest through its follow up ground reconnaissance.

Gold (Madagascar 100%)
Minvest Madagascar has a 100% interest in a gold lease at Antanimbary, to the north of the capital Antananarivo. Exploration by others to date has revealed a high grade gossanous quartz gold anomaly where drilling has intersected two quartz mineralized zones with elevated gold values.

Coal (Madagascar, 100%)
Minvest Madagascar has several coal leases in the well known Sakoa coal region.
Historic resource estimates for the entire region have ranged from several hundred million tonnes to the French Bureau of Research Geology and Mines’ (BRGM) estimate of as high as two billion tonnes.
Most of the region is generally under-explored with historical work focused on a relatively small area in the vicinity of the old Sakoa mine. Minvest is investigating the possibility of utilising its Sakoa coal areas as a domestic fuel source for power generation and has tendered a proposal to the Government of Madagascar for the
development of a coal mine and power station at Sakoa.

Lignite (Madagascar 100%)
Minvest Madagascar has a lease over part of a known lignite area at Antanifotsy, some 150 km south of the capital, Antananarivo. Minvest has carried out preliminary exploration work on the area and is working in

[stolwyk]

Quarterly:

http://sa.iguana2.com/cache/a8ba6abe1afb41d763ac3b5c32bf7058/ASX-HDN-359945.pdf

Outflow 0.65 mill
Cash 3.87 mill

This company seems to have some prospective U assets.

[STRAT]

Hi Stolwyk, Trading Halt today, Wonder what this will be about????

[paul29]

Up date
EXPLORATION
Shoobridge
Work in the Northern Territory 2008 field season has now finished with the two drilling programs being completed during the quarter.
The drilling programs comprised an eight (8) hole diamond drilling program at the Liberator Prospect and a twenty eight (28) hole reverse circulation (RC) drilling program to test anomalies at the Full Hand, Jacksons, Phillip Greets, Plateau Point and Two Nicks Prospects.
The RC drilling program has indicated encouraging base metals results at the Full Hand and Jacksons prospects. These will be released after being evaluated.
Results are pending for the diamond drilling program at the Liberator prospect




Tabalong Coal Project
Haddington continues to evaluate its prospective coal leases at Muara Uya, Tabalong in South Kalimantan.

Project activities undertaken during the December quarter included:

Completion of comprehensive development and production financial model.

Mine design for Years 1 through 5.

Formulation of development strategy and coal market evaluation.



ASX Code
HDN
HDNO
Capital Details
Shares on issue 126.7M
Share Price $0.09
Market cap $11.4M
12 month low $0.08
12 month high $0.54
Cash at 31 Dec $1.8M

[paul29]

share price 20 cents


Haddington Resources Ltd says the net loss for the year ended June 30 is likely to be in the range of $5.5 and $6 million versus a loss of $2.3 million last year.

The increased loss in the current year was mainly due to an operational loss of $1 million in the Haddington Drilling Services business and a goodwill impairment charge of $2.4 million due to a scale-back of the Haddington Drilling Services business in the second half. The company plans to release its results on September 11.

[paul29]

Share price been as high as 39.5 so far today on good news of a new lithium discovery high grades too

[paul29]

Haddington Resources discovers lithium in the Pilbara

Assays from Haddington Resources Limited’s (ASX: HDN) rock chip sampling program on its tenements in the Pilbara region of Western Australia have returned values of up to 5.0% Lithium Oxide (Li2O) and 408ppm Tantalum Pentoxide (Ta2O5).

A significant number of results ranging from 0.4% to 5.0% over a sampling length of 700 metres were returned and Haddington is now embarking on a trenching and reverse circulation drill program planned to determine width and orientation of lithium bearing pegmatites.

Global growth in the lithium market of 5 - 7% over the past five years, accelerated by the growth in rechargeable batteries of 20% or better, has increased the potential for new sources of lithium to be developed, said Haddington group general manager James Brown.

Resource grades of hard rock lithium deposits are typically in the range 0.9% to 1.4% Li2O, the high grades returned from the rock chip samples together with significant Ta2O5 grades are an extremely encouraging sign at this early stage of exploration.

Haddington’s strategy has been to explore the region for base and precious metals and mineralised hard rock pegmatite resources. A swarm of pegmatite veins run parallel to the granite contact with the greenstones of the Warrona Group.

The tenements held by Haddington cover the western alluvial covered portion of the mineral field with significant quantities of alluvial/eluvial tantalite and tin previously mined from these pegmatites.

The company currently holds the granted tenement of E45/2287 and applications P45/2758 and E45/3488 covering 64 square kilometres in the Pilgangoora region.

Further reverse circulation drilling will help in further understanding the width and orientation of the pegmatites and explore under cover between areas of outcrop.

The company plans to utilise an in-house multi-purpose drill to undertake the exploration drilling program. It is planned to commence this program towards the end of the current calendar year.
The Company has exploration and development activities for Uranium, Iron, Industrial Garnet, Coal, Tantalum and Gold with a mining services arm providing drilling, geophysical and project development services.

The Company has established sound fundamentals for future growth with;
A prospective portfolio of mineral properties covering exploration to near term production potential across a range of mineral commodities.
A self sustaining cash flow with good cash reserves and excellent exploration and production upside.
The expertise, skills & commitment to grow the Company through development of its mineral projects.
A strong and supportive shareholder base, a tight share register and good potential for improvement in the share price

more good news as Haddington Elects to Exercise Mt Webber Clawback with Atlas Iron limited

Haddington now in a trading HALT

[paul29]

Haddington Resources Limited announced a non-renounceable rights issue to existing eligible shareholders of up to 63.5 million New Share to raise approximately $10.8 million to fund Mt Webber Clawback with Atlas Iron limited

[paul29]

share price now 43cents

Shoobridge is the project i like heaps of potential for high grade uranium

At Liberator, high grade uranium mineralisation was intersected in 07LIBRC006, intersecting 3m@ 6.05% U3O8 from 40m.



Shoobridge

The Shoobridge Project is located approximately 160km south southeast of Darwin; approximately 19km west northwest of Hayes Creek. Eight granted tenements covering approximately 345 sq km have potential for uranium, tantalum, gold, iron and base metal mineralization.

This project was purchased from private interests in April 2006. Previous operators eg. Dominion Mining, Carpentaria/MIM, Julia have predominantly explored for gold and tantalum in the project area.

Literature review has identified a number of significant uranium targets at the Liberator prospect. Sampling of costeans returned values up to 19m @ 0.12% U3O8 and 9m @ 0.18% U3O8 and correlate to regional airborne radiometric anomalies.

Unconformity and vein type uranium mineralization is considered a prospective target in this region, with small vein-type mines located at Adelaide River, George Creek and Fleur de Lys.

At Liberator, high grade uranium mineralisation was intersected in 07LIBRC006, intersecting 3m@ 6.05% U3O8 from 40m.

Petrographic investigation revealed that the drill intercept contains major developments of uraninite, often as semi massive associations.

Drillhole 07LIBRC001, located approximately 300m to the north, intersected two meters of mineralisation (bright green tobernite), returning 6m@ 1.34% U3O8 from 19m including 1m @ 4.99% U3O8 from 21m.

Close-spaced gravity, nanoTEM and IP surveys are currently underway to interpret mineralised structures and develop exploration models for proposed drilling.

Geochemical sampling has also defined anomalous copper mineralisation at the Two Nick prospect, as well as Pb mineralisation at the Whatleys and Plateau Point prospects.

[paul29]

Haddington Resoures
change of company name ALTURA MINING LIMITED new code AJM effective from 8/12/2009

[drillfix]

Hi Paul,

Why exactly the change in name, but also why the Private Placement for 1.6xx million shares? To whom and what for?

Seems like somebody getting their mates set (imo) for whatever reason.

[paul29]

Hi Drillfix,
The placement was to certain sub-under writers of the rights offer i don't know why the change of name but i think there is new directors runing the company.