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Last $0.19 USD
Change Today 0.00 / 0.00%
Volume 0.0
As of 4:30 PM 06/25/15 All times are local (Market data is delayed by at least 15 minutes).

magnis resources ltd (URNXF) Snapshot

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magnis resources ltd (URNXF) Details

Magnis Resources Limited explores and develops mineral properties in Australia and East Africa. The company explores for uranium, coal, graphite, gold, nickel, iron, and rare earth elements. It has interests in the graphite project in south east of Tanzania; coal projects in the Southern and Central Tanzania, and Western Australia and Northern Territory Pine Creek gesoyncline in Australia; and Coal projects in Tanzania, as well as nickel-iron deposits in the north of Tanzania. The company was formerly known as Uranex Limited and changed its name to Magnis Resources Limited in September 2014. Magnis Resources Limited is based in Sydney, Australia.

5 Employees
Last Reported Date: 08/19/14

magnis resources ltd (URNXF) Top Compensated Officers

Head of Operations and Member of Sustainabili...
Total Annual Compensation: A$260.0K
Compensation as of Fiscal Year 2014.

magnis resources ltd (URNXF) Key Developments

Magnis Resources Limited Announces Continued Preparations for the Development of its Nachu Graphite Project during the Quarter Ended June 30, 2015

Magnis Resources Limited continued preparations for the development of its Nachu Graphite Project during the quarter ended 30 June 2015. The Environmental Social Impact Assessment (ESIA) phase has been completed and subsequently the Environmental Impact Study (EIS) was submitted to the National Environment Management Council (NEMC) Tanzania. Following the submission of a draft EIS, site inspections by staff from NEMC and the Ministry of Energy and Mines (MEM) were conducted and Technical Advisory Committee meetings have been completed. The comments received from the visits and meetings were addressed and incorporated into the final EIS document. The EIS was completed by consultants MTL Ltd., Tanzania and Digby Wells Environmental based in South Africa and adhered to IFC standards and comprehensively covered all environmental and social aspects of the Project. The process for gaining approval for the Special Mining License continues to track to schedule. With the conclusion of the wet season, the 2015 drilling program began in the middle of May 2015. This program had a number of objectives that included: resource drilling to refine the Mine Plan in preparation for future operations; site preparation drilling including geotechnical drilling for the Tailings Storage Facility and water storage dam and water bore drilling to confirm an alternative source to river water for construction and/or operation phases. Detailed design of the processing plant and associated infrastructure is progressing well with process definition completed and current work focused on equipment supplier engagement. Mechanical, Civil/Structural and Electrical/Instrumentation work packages are in the early stages of development. In the recent months Magnis management have visited Chinese offtake partners SINOMA and Sinosteel. Employees from SINOMA have been to Nachu for a site visit. A LiDAR survey was conducted to provide accurate topographical data which will be used for engineering design. Concurrently an aerial photographic survey was also completed on the site. This provided detailed photographs for use in any resettlement activities. Knight Piesold Consultants have completed an initial design for the Tailings Storage Facility which was used in the EIS. Once further geotechnical test work has been completed the dam design will be finalised. Along with the drilling, these programs are an important input into the development of plant and infrastructure work packages.

Magnis Resources Limited Appoints of Mr. Peter Tsegas as Non-Executive Director

Magnis Resources Limited announced the immediate appointment of Mr. Peter Tsegas as a non-executive Director to its Board. Peter has over 15 years of experience in Tanzania where he has been a resident for the past ten years. He has worked to engage both the private and government sectors on a number of projects. Of note, Peter was founder, major shareholder and Managing Director (MD) of a number of companies including Tancoal Energy Ltd. which he successfully took from an exploration company through to a JV with the Tanzanian government and then into production.

Magnis Resources Limited Announces Change of Registered Office and Principal Place of Business

Magnis Resources Limited announced that its registered office and principal place of business have changed to: Suite 4.03, Level 4, Goldfields House, 1 Alfred Street, SYDNEY NSW 2000.


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