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ABOUT KORAB
Korab Resources Ltd is an Australian-based public company listed on Australian Securities Exchange and traded on Berlin Stock Exchange. Korab has gold, silver, organic rock phosphate and magnesium operations in Australia and Europe. Korab's main focus is on development of its mining assets in Australia and Ukraine.
KORAB'S PROJECTS
Korab has a number of mining and quarrying projects:
Our corporate strategy is to establish Korab as a niche operator in sectors with strong historical growth and a continuing long term growth potential.
BMW magnesium engine |
Magnesium is the metal of the 21st century. Stronger than steel yet lighter than aluminum. It is widely used in aerospace, automotive and building sectors. Growing demand for lighter vehicles and environmentally friendly building materials will ensure that demand for magnesium will continue to increase.
Fire-resistant,
high-strength magnesium building board |
Chinese Government has put magnesium on its list of strategic materials indicating the value it places on this advanced metal. Korab's Winchester magnesium project is one of the highest grade magnesium projects in the world grading 91% Magnesite. It is located near Darwin, right on the doorsteps of Asia.
GEOLSEC BIO+
organic fertiliser |
Organic farming is the fastest growing sector of the global economy. Its' resilience to economic slowdown has been proven recently when organic farming grew at 17% annual rate while the global economy went through the worst recession in decades. Australia has the largest area in the world dedicated to organic farming with over 12 million hectares under cultivation. This constitutes 42% of the world's total organic farmland.
Sorghum crop |
Korab's wholly owned subsidiary Geolsec Phosphate Operations P/L is looking to commence production of organic phosphate rock fertiliser in 2010* to supply organic farmers and pastoralists with this environmentally friendly product. Organic phosphate fertiliser is environmentally and nutritionally superior to artificial fertiliser and can be used on pastures and a wide variety of crops including sorghum.
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Gold bars 999.9 fine |
Gold and silver have retained their status as a hedge against risk and inflation for thousands of years. With the growing wealth of Asian economies and the possibility of inflation and further instability in the global markets, the demand for gold and silver is likely to continue to grow.
Development drilling at Melrose
Melrose gold deposit 3D model - Bungarra deposit oxide zone |
Korab's Melrose gold project has a potential to enter production in the near term* as a toll treatment operation. The project has more than 300,000 ounces of gold in measured, indicated and inferred resource with a potential for additional resource nearby where drilling has discovered large near-surface gold mineralised zone. Project is located within easy trucking distance from gold mills at Bronzewing, Darlot and Thunderbox.
Bobrikovo gold deposit block model - oxide and primary ores to 200 m depth |
Korab's Bobrikovo gold and silver mine in Ukraine is already in operation. It is expected that the mine will produce gold concentrate from high grade oxide ore commencing in 2010**. Mine has in excess of 640,000 ounces Au in oxide and primary ores. Oxide zone is characterized by low strip ratio and high grade and can be concentrated at low capital and operating cost using gravity circuit. Bobrikovo mine offers very good exploration potential with mineralisation extending from surface to below 3,000 meters where it remains open.
Korab also controls a number of exploration projects in Australia and holds a stake in a uranium company Uranium Australia Ltd which intends to seek listing on ASX this year.
ANNUAL REPORT
2008 Annual Report
KORAB LINKS
Broker Briefings
Contact Korab
ASX ANNOUNCEMENTS
Korab on ASX - 2009
Korab on ASX - 2008
Korab on ASX - 2007
Korab on ASX - 2006
Korab on ASX - 2005
* Subject to receiving all permits and regulatory approvals.
** Subject to completion and commissioning of processing plant.
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