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Proto Resources is an ASX-listed development and exploration company based in Sydney, Australia, with a focus on nickel and iron ore.
Proto Resource’s flagship project is the Barnes Hill project in northern Tasmania. A 12.1 million tonne JORC compliant indicated resource at 0.83% nickel and 0.07% cobalt is currently defined at Barnes Hill, with a recent resource drilling program set to upgrade a portion of this resource into the measured category. This drilling also uncovered the iron ore potential of the project, which would seem commercial grade in line with other small scale operations in Tasmania close to the BHP Temco smelter.
Proto Resources has a financing and technology agreement with Metals Finance Corporation over Barnes Hill, whereby Metals Finance Corporation takes an interest in the project in return for committing the technology and financing assistance necessary to bring the project into production. Proto Resources and Metals Finance Corporation are currently completing a feasibility study on the project.
Proto Resources has several exciting exploration targets around Australia including Lindeman’s Bore in the Northern Territory and Mt Vetters in WA, as well as the Waite Kauri Mining Lease in WA.
Proto Resource’s brokers are
BBY in Australia and
VSA Capital in the UK and Europe.
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