Bligh Mining plans to list shares on Australia Stock Exchange in May
Thursday, March 15 2012 - 04:22 AM WIB
Australia-based Bligh Mining Pty Ltd planned to list the company on the Australia Stock Exchange in May.
The company currently has 26 concessions of manganese, of which 23 concessions are located in Timor, East Nusa Tenggara, one mine site in Flores and another 2 concessions in Donggala, Central Sulawesi. In addition, the company has three coal concessions in Papua and East Kalimantan.
?We are currently in exploration stages and have already secured the clean and clear status. We plan to list the company on the Australia Stock Exchange in May or June,? the source of the company told Petromindo.com.
The Australia Stock Exchange allows company in exploration phase to float shares in the trading floor.
The source said that the outcrop study showed the manganese potential in its Manggarai concession in Flores reached 20 million tons.
?The total of manganese resources could be far higher if the ongoing exploration activities complete,? the source said.
Bligh Mining is an Australian registered company with offices in Sydney, Jakarta, Bali and Flores. The company has a strong focus on identifying and developing mining opportunities in Indonesia that are highly prospective for manganese, base metals, and precious metals mineralization.
The company?s primary assets include operational licenses covering large landholdings located on Flores Island, Sabu Island, West Timor and Sulawesi.
Editing by David Mustakim