🕐24.09.10 - 10:54 Uhr
New copper mineralisation and new deal!
Ladies and Gentlemen
These have been very exciting weeks for Copper Strike on several fronts.
1) New Copper Mineralisation at Kaiser Bill and Galatea - An ASX Release
has been attached which details the new drilling which has confirmed the
continuation of the Kaiser Bill mineralisation down-dip and 150 metres to
the southwest.
In addition we are getting very excited about Galatea,
between Kaiser Bill and Chloe, which shows lots of new potential to be a
significant Cu-Au prospect.
2) Teck Agreement - Perhaps even more important to Copper Strike is the
recent deal which we have signed with Teck Australia Pty Ltd, our original
cornerstone investor.
Teck has now become an even bigger shareholder with
16.7% of Copper Strike, because of the 13 million shares that we have issued
to them in exchange for them removing their claw-back rights to future
discoveries and their first right of refusal to concentrate marketing.
This
agreement, while maintaining Teck as a valued shareholder, effectively
changes Copper Strike into a fully independent company that is now in charge
of its own destiny for the first time.
3) Presentation in Sydney - I gave a presentation at the Excellence in
Exploration and Mining Conference in Sydney this week about the path forward
for Einasleigh.
The talks dialogue and the slides of the presentation are
available on Boardroomradio at http://www.brr.com.au/event/68926 .
In
addition, a pdf of the presentation is available on the Copper Strike
website, www.copperstrike.com.au .
4) Annual Report - The Annual Report is now ready and a hard copy is
being posted to all shareholders who asked for one.
A copy has now also been
posted on the Copper Strike website.
5) New Brochure - A new version of the Company brochure has been
produced.
It is attached to this email.
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email with the word Remove" in the Subject area.
Regards
Tom Eadie
Managing Director
Copper Strike Limited
Level 9 - 356 Collins Street
Melbourne VIC 3000
Ph 0419 880333 or (03) 96400955
Facsimile (03) 96420698
www.copperstrike.com.au
ABN 16 108 398 983
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