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Last 0.09 GBp
Change Today 0.00 / 0.00%
Volume 15.1M
OTC On Other Exchanges
Symbol
Exchange
Berlin
As of 12:30 PM 03/26/15 All times are local (Market data is delayed by at least 15 minutes).

ortac resources ltd (OTC) Snapshot

Open
0.09 GBp
Previous Close
0.09 GBp
Day High
0.09 GBp
Day Low
0.09 GBp
52 Week High
06/13/14 - 0.31 GBp
52 Week Low
03/18/15 - 0.08 GBp
Market Cap
2.4M
Average Volume 10 Days
8.0M
EPS TTM
-0.0035 GBp
Shares Outstanding
2.8B
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for ORTAC RESOURCES LTD (OTC)

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ortac resources ltd (OTC) Details

Ortac Resources Limited, together with its subsidiaries, engages in the identification, evaluation, acquisition, and development of natural resource projects. It explores for gold, silver, and copper deposits. The company primarily holds 100% interest in the Šturec Project located in central Slovakia. Ortac Resources Limited is based in Road Town, the British Virgin Islands.

20 Employees
Last Reported Date: 08/11/14

ortac resources ltd (OTC) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

ortac resources ltd (OTC) Key Developments

Ortac Resources Limited Announces Unaudited Consolidated Financial Results for the Six Months Ended September 30, 2014

Ortac Resources Limited announced unaudited consolidated financial results for the six months ended September 30, 2014. For the period, the company reported operating loss of £786,000 against £879,000 a year ago. Loss before tax was £791,000 against £870,000 a year ago. Loss attributable to owners of the parent was £1,199,000 against £924,000 a year ago. Basic and diluted loss per share was 0.31 pence against 0.38 pence a year ago. Net cash used in operating activities was £467,000 against £1,093,000 a year ago. Purchases of intangibles were £352,000 against £516,000 a year ago. Reflecting cost reduction measures that are now working positively into operational running costs, for the six months ended September 30, 2014, the company reported losses reduced by £93,000 compared with the corresponding period.

Ortac Resources Ltd Announces the Results from an 8 Tonne Bulk Sample Mined from the Šturec Deposit in Slovakia

Ortac Resources Ltd. announced the results from an 8 tonne bulk sample recently mined from the company's Šturec deposit in Slovakia, sent for pilot scale thiosulphate leaching tests which suggest that the development of a cyanide-free process is a step closer. CMC's reported present results of the Vat leaching of gold ore, recently extracted from an adit under Šturec, following on from Ortac being granted a license to perform small scale underground mining.  Following shipment to CMC, the Šturec ore was ground in a continuous dry ball mill to a particle size with a d99 of approximately 699µm. Ore dissolution was carried out on ten batches of ore of approximately 800kg each, leaching at ambient temperatures and using solutions recirculated after the electrowinning process, along with the addition of reagents and a copper catalyst. Agitated leaching for approximately 2-4 hours took place in a 2.5m3 reactor, with each batch settled, solution decanted and solids filtered and washed with water. The average dissolution for the ten batches at this stage in the process averaged 92.3% for gold and 49.99% for silver. The decanted solution obtained after dissolution was subjected to electrowinning, following which the slurry produced was decanted and filtered, producing a concentrate containing copper, gold and silver. The overall gold and silver recovery to cement is reported to be 90.5% and 48.9%, respectively, with early indications according to CMC that the cost price for processing is comparable to that of cyanide.

Ortac Resources Ltd. Announces Assay Results from Yacob Dewar Deposit

The Board of Ortac Resources Limited announced that it has received the final set of assay results from the systematic trenching programme recently completed by Andiamo Exploration Ltd. on the Yacob Dewar deposit located within the Haykota exploration concession area, Eritrea. This final set of assay results serves as resounding confirmation that near surface high-grade gold and oxide copper mineralisation exists within the Yacob Dewar deposit. 3.29 g/t Au over 23.00m in trench YDTR-12, including 10.13 g/t Au over 3.10m; 2.73 g/t Au over 9.80m in trench YDTR-15, including 5.40 g/t Au over 4.30m; 1.77 g/t Au over 26.90m in trench YDTR-18, including 4.13 g/t Au over 4.00m and 3.22 g/t Au over 3.60m; 1.74 g/t Au over 23.20m in trench YDTR-14, including 3.42 g/t Au over 9.20m; 1.57 g/t Au over 21.20m in trench YDTR-16, including 4.74 g/t Au over 4.00m; 1.44 g/t Au over 17.60m in trench YDTR-17, including 2.76 g/t Au over 5.40m; Yacob Dewar Oxide Copper Trenching highlights: 0.81% Cu over 17.20m in trench YDTR-23, including 2.63% Cu over 3.00m; 0.59% Cu over 19.70m in trench YDTR-21, including 0.91% Cu over 11.00m; 0.58% Cu over 21.00m in trench YDTR-19, including 0.73% Cu over 6.00m; 0.54% Cu over 10.50m in trench YDTR-10, including 1.24% Cu over 2.40m. This is the final set of assay results from the systematic trenching programme, which was a thorough and extensive programme of geological work. The results have once again provided clear evidence that Yacob Dewar is showing encouraging signs of its potential to be a commercial mine.

 

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