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Last A$0.02 AUD
Change Today +0.001 / 6.67%
Volume 50.0K
As of 8:25 PM 04/20/15 All times are local (Market data is delayed by at least 15 minutes).

silver city minerals ltd (SCI) Snapshot

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04/24/14 - A$0.08
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03/13/15 - A$0.01
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silver city minerals ltd (SCI) Details

Silver City Minerals Limited engages in the exploration and development of base and precious metal deposits in Australia and New Zealand. The company primarily explores for silver, lead, zinc, copper, and gold ores. It primarily holds interest in the Razorback West, Parnell, Speedwell, Mount Brown, and Balaclava projects in the Broken Hill District of western New South Wales. The company also owns interest in the Sellheim project, which includes six granted exploration and mining tenements in North Queensland. In addition, it holds interest in two exploration tenements in the North Island of New Zealand. The company was formerly known as Silver City Mining Limited and changed its name to Silver City Minerals Limited in January 2010. Silver City Minerals Limited was founded in 2008 and is based in St Leonards, Australia.

silver city minerals ltd (SCI) Top Compensated Officers

Chief Executive Officer, Managing Director an...
Total Annual Compensation: A$256.9K
Company Secretary
Total Annual Compensation: --
Compensation as of Fiscal Year 2014.

silver city minerals ltd (SCI) Key Developments

Silver City Minerals Limited Announces Consolidated Earnings Results for the Half Year Ended December 31, 2014

Silver City Minerals Limited announced consolidated earnings results for the half year ended December 31, 2014. For the period, the company reported revenue of AUD 92,552 against AUD 501,897 a year ago. Loss before income tax expense was AUD 4,410,867 against AUD 133,208 a year ago. Loss after income tax expense was AUD 4,410,867 or 3.79 cents basic and diluted per share against AUD 133,208 or 0.14 cents basic and diluted per share a year ago. Net cash flows used in operating activities were AUD 292,249 against net cash flows from operating activities of AUD 596,805 a year ago. Purchase of moto vehicle and fixed assets was AUD 20,350.

Silver City Minerals Limited, Annual General Meeting, Nov 20, 2014

Silver City Minerals Limited, Annual General Meeting, Nov 20, 2014., at 15:00 AUS Eastern Standard Time. Location: Level 1. Agenda: To receive and consider the financial statements of the company for the year ended 30 June 2014, consisting of the financial report, the directors' report and auditor's report; to consider the re-elect of professor Ian Plimer and Mr. Greg Jones as a director; to consider the grant of options to managing director and non-executive chairman; and to consider the ratification of prior issue of shares; to consider the authorization of issue of options; and to consider the issue of shares up to 10% of the company's' issued capital.

Silver City Minerals Limited Commences Drilling at Sellheim Gold Project in North Queensland

Silver City Minerals Limited announced that it has commenced drilling at the company's Sellheim Gold Project in North Queensland. An initial five-hole (1,300 metre) program has been specifically designedto test potential gold and copper mineralisation located within a regional fault structure. The focus of the drilling program will be a breccia complex thought to represent the upper portions of a gold and copper-mineralised intrusion. Previous drilling by SCI in April and May this year encountered gold and copper mineralisation associated with skarn-altered sedimentary rocks and quartz vein-bearing intrusions. Hole 14SH004, drilled to a depth of 537.4 metres, was designed to test a large induced polarisation (IP) anomaly adjacent to an outcropping brecciacomplex some 450 metres long and 50 metres wide. From 496.9 metres the hole encountered fracture-controlled quartz-magnetite skarn which hosts abundant chalcopyrite and returned an intersection of 11.1 metres at 0.66 g/t gold and 0.28% copper including 2.5 metres at 2.19 g/t gold and 0.6% copper. Sellheim Gold Project Setting The Sellheim Gold Project is located 140 kilometres southeast of Charters Towers in North Queensland and forms part of a wider gold province centred on Charters Towers which has historically produced in excess of 20 million ounces of gold.


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