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rmg ltd (RMG) Snapshot

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03/11/14 - A$0.10
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07/3/14 - A$0.03
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rmg ltd (RMG) Details

RMG Limited engages in the exploration of base metals in Australia and Chile. It explores for gold, copper, silver, lead, and zinc. The company has an option to acquire a 75% interest in 11 square kilometers of mining licenses at Tuina in the Atacama Desert copper region of northern Chile; and option to earn a 100% interest in the Kamarga zinc and copper project located in northwest Queensland. The company is based in Jolimont, Australia.

rmg ltd (RMG) Top Compensated Officers

Executive Chairman and Member of Audit Commit...
Total Annual Compensation: A$120.0K
Total Annual Compensation: A$245.8K
Compensation as of Fiscal Year 2014.

rmg ltd (RMG) Key Developments

RMG Limited Announces Board Changes

RMG Limited announced the appointment of Mr. Rhett Brans as a non - executive director with effect from 19 January 2015. Mr. Brans has more than 40 years of experience in project development of treatment plants and mine developments. The company also announced the resignation of Mr. Peter Rolley. Mr. Rolley has served the company in an exemplary manner and his contribution to the company has been greatly appreciated. Mr. Rolley will continue to serve the company in a consulting role subsequent to his resignation.

RMG Ltd., Annual General Meeting, Nov 19, 2014

RMG Ltd., Annual General Meeting, Nov 19, 2014., at 16:15 W. Australia Standard Time. Location: The Irish Club,61 Townshend Road. Agenda: To adopt of remuneration report; to consider re-election of P Rolley as a director; to approve 10% placement capacity; and to approve issue of securities to Chile Metals.

RMG Announces Two Additional Zinc-Lead Drill Targets at Kamarga Zinc Project

RMG Ltd. has announced two additional zinc-lead drill targets at its Kamarga Zinc Project in north-west Queensland. These new results confirm that the zinc endowment of the Kamarga Project area can be significantly increased. The company now has three new zinc targets ready for drilling including the previously announced JE Zinc Zone with surface zinc results to 15% Zn and 5% Pb which remains number one exploration priority. The Fox zinc target is characterized by significant zinc (to 3,990ppm Zn), cadmium, manganese, and thallium soil sample and rock chip anomalies. This geochemical association is noted in literature as characteristic of shale hosted SEDEX deposits such as the world class Century zinc deposit located 25 kms to the north-west, and of McArthur River, Mount Isa, and Lady Loretta. The area of Zn-Mn-Cd-Tl anomalism is over 1.5 km in length and 0.8km in width. Maximum zinc in rock samples is 0.5% Zn. The Fox target is geochemically very different to the JB deposit. The JB-JE-JP carbonate hosted zinc mineralization has a high Pb-Zn ratio and does not show the strong Mn-Cd-Tl association. Mt Isa Mines drilled 6 RC holes in the general vicinity of the Fox anomaly and intersected 90m @ 0.13% Zn, but did not recognize the fault control or the possibility of a deeper Gunpowder Creek Formation shale-hosted target and did not pursue the anomaly. The carbonate-hosted zinc mineralization is now over 2km in length with previously reported peak rock chips to 15% Zn, 5% Pb, 17g/t Ag. The new JP zinc target is over 400m wide, 100m thick, and open down plunge. It has similar geologic and geochemical characteristics to the previously reported JB and JE carbonate zinc zones. The Fox zinc target is over 1.4 km by 0.8 km in size and has similar geochemical characteristics to shale-hosted SEDEX zinc deposits. These JE and JP zinc-lead targets will be prioritized for follow-up geophysical (I.P.) exploration activities and then drill prioritization.


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