The
Company was established to build on the relationships and
Argentinean “know how” a number of its Directors
created whilst acquiring and adding value to the Cerro Negro
Epithermal Gold project, now the principal asset of Andean
Resources Ltd.
In particular, a number of the Directors were instrumental
in the targeting and acquisition, from MIM Holdings Ltd, of
the Cerro Negro Epithermal Gold Project in the Santa Cruz
province. This project has since proved its early potential
and is now the principal asset of Andean Resources Ltd and
has a current resource of <1,500,000 ounces gold, an amount
which may well grow significantly with ongoing drilling programmes.
This background and collective experience highlighted the
under-developed mineral potential of Argentina and the potential
to delineate and acquire potentially world class exploration
projects.
A senior member of the Company's Argentinean management team
was involved in the early stages of the Rincon Lithium Salar
now being developed by Admiralty Resources Ltd. As General
Operations Manager, from 2001-2005, involved in the delineation
and early development of the project. Recent recoverable reserve
estimates of 1,400,000 tonnes of lithium and 55,000,000 of
potash have a reported value of US$44 billion.
The Company has been operating in Argentina for nearly 3 years
and, building on the previous relationships of its directors,
has built up an established exploration team. The two senior
geological personnel are Argentinean nationals and the Company
is well placed to accelerate work on its projects and produce
early results post listing. |
