Shaw River Manganese Limited (Shaw River) is building a global manganese business which it believes will create substantial wealth for shareholders. Shaw River is operating eight manganese projects, two projects located in Africa and six projects in Australia. The company is listed on ASX under the code SRR.
Shaw River is currently focused on development of an open cut mining operation in Namibia, targeting commencing production in 2012. The Company also plans to continue exploration of its Baramine project in the Pilbara and the Butre project in Ghana, while continuing to accumulate a world-class inventory of high quality manganese resources which will be in high demand by the steel industry across all points of the economic cycle.
Shaw River consistently maintains an active field presence through a dedicated and experienced exploration team. The Company has developed a safe and productive operational culture with a tight rein on costs and focus on delivering results.
Shaw River Manganese Limited was formerly known as Shaw River Resources Limited.
The Company's principal exploration targets during 2011 are;
- Otjozondu Project, where Shaw River will undertake feasibility studies commencing in the first half of 2011, to guide development for an open cut mining operation, targeting commencing production in 2012 and doubling the production rate by 2015.
- Baramine, where initial drilling has identified significant manganese occurrences which may be of an economic nature. Activities at Baramine in 2010/11 will include follow up drilling beneficiation testing, resource estimation and economic modeling.
- Butre Project, where initial drilling has identified potential economic quantities and grades of oxide manganese ore only 30km from a bulk port as well as encouraging gold intersections in drilling. Follow up drilling in 2010/11 will focus on the development of an initial resource base and beneficiation studies.
- Skull Springs, where surface identification of manganese indicates excellent potential for widespread mineralisation. In 2010/11, initial drilling will test the tenor of manganese in the area.
The company envisages exploration and administration expenditure for the next 12 months to be $5.9 million dollars.
In addition to its commitment over its manganese projects, Shaw River will be actively seeking to attract suitable partners to explore its gold and base metal projects, including:
- Hedland gold project
- Abydos gold and base metal project
- Marble Bar base metal project
- Mt Minnie gold and base metal project
- Farrel Well gold project (under Joint Venture)
Corporately, Shaw River enjoys the support of its largest shareholder, Atlas Iron Limited to continue in its search for transformational discoveries. The focus will be on metals that have long term market appeal, such as manganese, that are capable of generating high operating margins and shareholder returns.
Shaw River is able to offer investors a unique opportunity to be part of the global manganese story, and to be involved in the discovery and future production of manganese ore.