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post Posted: Sep 24 2007, 06:41 AM
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In reply to: nifty49 on Thursday 30/08/07 10:11am

Some publicity in the AGE today, every bit helps?

Door opens for uranium explorers in Tasmania

Barry FitzGerald


TASMANIA has not rated on the radar screens of our ever-excitable uranium explorer watchers. But that could be about to change.

Perth's Minemakers has just punched a few holes into one of several old uranium prospects in the north-east of the island state, in what is the first exploration for the radioactive stuff down there for longer than anyone can remember.

Before it could do that, Minemakers had to overcome opposition from the Tasmanian Greens Party, which landed a "no exploration or mining" bill in Parliament.

But it didn't get up, with both the Government and Opposition teaming up to make sure Tassie did not miss out on the uranium exploration boom and, who knows, maybe a uranium mine.

As a result, Tassie joined South Australia and the Northern Territory as the only states where it is legally possible to mine uranium - subject to a stringent approvals process, as you would expect.

Minemakers, led by the seasoned geologist Andrew Drummond, floated late last year with the old Rossarden tin and tungsten deposits in Tassie's north-east as one of its key properties.

It was Drummond's uranium experience back in the 1970s and 1980s with the likes of Uranerz that alerted him to Rossarden's uranium potential, even if it is best known as Australia's largest historic combined tin/tungsten field. Research by Drummond found that the region is also home to four of the five known uranium properties in Tassie.

One of them, the old Tasmania United prospect, was the subject of limited mining more than 50 years ago and encountered spectacular uranium ore grades of more than 13 per cent from small-scale adits cut into the side of a hill.

Another of the prospects, Castle Carey, was recently the subject of three holes drilled into the more accessible northern part of its target zone.

Minemakers has confirmed that two of the holes returned "significant radiometric anomalism" over thicknesses of up to 5 to 7 metres.

Assays are expected to be available early next month, with Drummond doing the sensible thing and cautioning that while the radiometric readings are highly encouraging, they do not provide a reliable guide to the grade of uranium.

"Technically speaking, this is because we do not yet know whether the radioactive decay series is in equilibrium or not," Drummond said, in what is our uranium exploration lesson of the week. Minemakers plans to refine its exploration hunt in the greenest of the Australian states once results of a government-funded geological survey of the north-east region are in.

Its shares closed at 22.5c on Friday. In the last year, the stock has traded in a 13c-45c range.

post Posted: Aug 30 2007, 09:11 AM
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In reply to: omegaoil on Monday 27/08/07 10:08pm

Spot on Omega, inside knowledge?

Nifty rolleyes.gif

post Posted: Aug 28 2007, 06:35 AM
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In reply to: omegaoil on Monday 27/08/07 10:08pm

I know their cash is low, but if it is a capital raising, their timing is poor.

The neighbours of MAK, our big brothers are makingexciting anns, so perhaps MAK can jump on the band waggon??

Capital raising after more good news? Just my thoughts.


post Posted: Aug 27 2007, 10:24 PM
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In reply to: omegaoil on Monday 27/08/07 09:08pm

How deflating...I was hoping for a joint venture announcement sending the SP to 45 cents laughingsmiley.gif

post Posted: Aug 27 2007, 09:08 PM
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In reply to: nifty49 on Monday 27/08/07 05:52pm

My bet would be a renounceable rights issue..........seeking a couple of mill
maybe done around 25c with a 1:1 option......

Any thoughts?


post Posted: Aug 27 2007, 05:52 PM
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MAK now in Trading Halt!

Now I wonder what they have to announce????

Nifty rolleyes.gif


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post Posted: Aug 23 2007, 11:32 AM
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I hear on the audio, MAK think the Frankland site could be as large as the WHOLE Southdown area including RIO, Grange and Minemakers leases.

Enormous potential with far better leverage if you can afford to put some cash into them for a while.

post Posted: Aug 14 2007, 10:16 AM
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Grange to acquire Rio magnetite deposit
09:35, Tuesday, August 14, 2007

Sydney - Tuesday - August 14: (RWE Australian Business News) -
Grange Resources Limited (ASX:GRR) has signed an agreement with Rio
Tinto (ASX:RIO) to acquire a 100% interest in Rio Tinto's Exploration
Licence E70/2512 containing the eastern 6km extension of the Southdown
magnetite deposit.
The purchase of the exploration licence will substantially
increase the total Southdown magnetite resource available for
The consideration for the acquisition is:
$1 million cash; plus
9 million ordinary fully paid shares in Grange; plus
9 million unlisted Grange options exercisable at A$1.50 and
expiring three years after the date of issue; plus
8.5 million unlisted Grange options exercisable at A$1.95 per
share and expiring one year after the date of issue.

post Posted: Aug 6 2007, 01:04 PM
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user posted image
Recent Radio Broadcast (03/08/2007 15:00:00):
MAK - Final Magnetite Assays for West Southdown and Frankland Iron Projects - Mr Andrew Drummond, MD

N.B. Radio can normally be accessed by the 'RADIO' link, top of every page.
------------------------------------------------------------------------------------------------------------- Radio delivers investor presentations from ASX listed companies. Keep up to date with the latest corporate dealings of the shares you follow. Hear news direct from the source. Listen to directors and investor relations mangers discuss their company, give investor updates and brief on current results. Radio keeps you informed about company announcements and events, and provides you daily market wraps and industry discussions.

post Posted: Jul 31 2007, 09:06 AM
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In reply to: RADIO on Monday 30/07/07 04:00pm

Found this on another site, for a summary of what's coming up this qtr:


Surprising strength in this one yesterday stopping at what is becomming strong resistance at 40 cents. Little bit of support growing at 35, hopefully forming a base for further growth, but with this market volatility, who knows.

I think the key drivers for the next quarter will be the appraisal of the drill results in Tassie and the desk top study. Also:

The Stage 2 assays at W Southdown should be due in the comming weeks and the announcement of drilling at TUU when/if they get a rig there. I doubt that asssay results will get back from the Stage 2 drilling at Southdown, or TUU though.

Also, Mines and Resources Tassie is currently flying a radiometric and geophysical survey over NE Tassie and MAK have commissioned infil flight lines over their U projects to identify drill targest. The release of that data should provide some interest. Lets hope they're hot!!

Exploration lisences for the WA and NT U projects should come in this quarter too.

Tungsten asays are due very soon from Aberfoyle too. If they are satisfactory then the JV with WB should go ahead. This could be a significant event for MAK, one way or the other. Both companies are assessing the potential to start reprocessing operations of the tailings at Story's Creek to start generating some cash flow.

Looks like they're spending about $500K a quarter and have $2m left in the kitty, so they'll need to go to the market later this year probably. Hopefully a rights issue at a little discount. But doubt it.




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