TROY RESOURCES NL 2002-05-23 ASX-SIGNAL-G --------------------------------------------------------------------- HOMEX - Melbourne --------------------------------------------------------------------- +++++++++++++++++++++++++ CHANGE OF DIRECTOR'S INTEREST NOTICE --------------------------------------------------------------------- Name of Company Troy Resources NL --------------------------------------------------------------------- ABN 33 006 243 750 --------------------------------------------------------------------- We (the entity) give the ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act. --------------------------------------------------------------------- Nameof Director K K Nilsson --------------------------------------------------------------------- Date of last notice 04/01/2002 --------------------------------------------------------------------- Part 1 - Change of director's relevant interests in securities --------------------------------------------------------------------- Direct or indirect interest Direct Interest --------------------------------------------------------------------- Nature of indirect interest(including registered holder) N/A --------------------------------------------------------------------- Date of change 14/05/2002 --------------------------------------------------------------------- No. of securities held priorto change 70,000 Fully Paid Ordinary Shares 330,000 Unlisted EmployeeOptions --------------------------------------------------------------------- Class N/A --------------------------------------------------------------------- Number Acquired 130,000 Fully Paid OrdinaryShares --------------------------------------------------------------------- Number disposed 40,000 Fully Paid OrdinaryShares --------------------------------------------------------------------- Value/consideration 1. $43,800 for exercise of options 2. $56,906 for sale of shares --------------------------------------------------------------------- No. of securities held afterchange 160,000 Fully Paid Ordinary Shares 200,000 Unlisted EmployeeOptions --------------------------------------------------------------------- Nature of change 1. Exercise of 130,000 Employee Options2. On market sale --------------------------------------------------------------------- Part 2 - Change of director's relevant interests in contracts --------------------------------------------------------------------- Detail of contract - --------------------------------------------------------------------- Nature of direct interest - --------------------------------------------------------------------- Name of registered holder(if issued securities) - --------------------------------------------------------------------- Date of change - --------------------------------------------------------------------- No. and class of securities to whichinterest related prior to change
Interest disposed - --------------------------------------------------------------------- Value/consideration - --------------------------------------------------------------------- m the surface at Bulchina. A nearby mill keeps infrastructure costs low.
http://www.brw.com.au/stories/20011108/12243.asp 10. Troy Resources Started: The gold producer and mineral explorer was founded in 1984 by a prospector, Gill Chapman, and a broker and current director, Alan Naylor. It listed on the Australian Stock Exchange in 1987 after its current chairman John Jones invested in it. Its shares listed at 25 cents each and now trade at 91 cents.
Strategy: The company focuses on high-grade deposits that are moderate to low risk, and has mines and exploration sites in Western Australia, the Northern Territory, Sweden and Mongolia. About 30% of its shareholders are based in Britain, a result of Jones raising funds there in the early 1990s.
Edge: The chief executive of Troy, Ken Nilsson, says the company is the lowest-cost gold producer in Australia. "We have a flat management structure, our administration costs are low and most of us are very experienced."
Result: Troy turned over $36.3 million in 2000-01, up from $4.1 million in 1997-98. It recorded a $6.8 million net profit in 2000-01, down 23% from $8.8 million in 1999-2000.
Smartest move: Acquiring the Bulchina gold mine in Western Australia in 1998 for a "bargain basement price", says Nilsson. The mine is now Troy's main revenue source. Nilsson says: "It was a virgin ore body that nobody had stuffed up." Ore is accessible from the surface at Bulchina. A nearby mill keeps infrastructure costs low.
Troy Resources NL Quick Quote: X.TRY 1.40 (0.00) --------------------------------------------------------------------- New Gold Project Acquisition 16/4/02 3:27:17 PM --------------------------------------------------------------------- TROY RESOURCES NL 2002-04-16 ASX-SIGNAL-G --------------------------------------------------------------------- HOMEX - Melbourne --------------------------------------------------------------------- +++++++++++++++++++++++++ Troy Resources NL ("Troy") has purchased the Constellation Project, including the Bellchambers gold resource, from Aquila Resources Limited ("Aquila"). --------------------------------------------------------------------- The Constellation Project comprises approximately 145 square kilometres of contiguous tenements that cover the granitoid/ greenstone contact in the south-western portion of the Sandstone Greenstone Belt (see maps). The project area includes an Indicated Resource of 160,000t @ 2.7g/t Au (approximately 14,000 ounces of contained gold), located approximately 15 kilometres south-west of Troy's Sandstone Mill. This resource remains open both along strike and at depth and will be the target for immediate infill and extension RC drill testing. The project area also contains a number of gold-in-soil anomalies along regionally extensive shear zones which remain to be more fully explored. --------------------------------------------------------------------- The consideration for the purchase is: --------------------------------------------------------------------- * $100,000 cash; * 100,000 Troy fully paid ordinary shares; and * a royalty, after gold production from the project exceeds 25,000 ounces. --------------------------------------------------------------------- The purchase provides Troy with access to a large, new tenement area with both resource and exploration opportunities, which are in very close proximity to Troy's existing infrastructure. --------------------------------------------------------------------- Troy believes its regional knowledge of the greenstone belt will assist in evaluation of the Bellchambers Project area for additional mill feed. --------------------------------------------------------------------- J L C Jones EXECUTIVE CHAIRMAN --------------------------------------------------------------------- A full copy of this announcement, including the maps, is available for purchase from ASX Customer Service on 1 300 300 279. Charges apply.
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Date Posted: 19:20:47 04/06/02 Sat Author: Steve Bonkers. Subject: 10. Troy Resources BRW 7/4/2002.
http://www.brw.com.au/stories/20011108/12243.asp 10. Troy Resources Started: The gold producer and mineral explorer was founded in 1984 by a prospector, Gill Chapman, and a broker and current director, Alan Naylor. It listed on the Australian Stock Exchange in 1987 after its current chairman John Jones invested in it. Its shares listed at 25 cents each and now trade at 91 cents.
Strategy: The company focuses on high-grade deposits that are moderate to low risk, and has mines and exploration sites in Western Australia, the Northern Territory, Sweden and Mongolia. About 30% of its shareholders are based in Britain, a result of Jones raising funds there in the early 1990s.
Edge: The chief executive of Troy, Ken Nilsson, says the company is the lowest-cost gold producer in Australia. "We have a flat management structure, our administration costs are low and most of us are very experienced."
Result: Troy turned over $36.3 million in 2000-01, up from $4.1 million in 1997-98. It recorded a $6.8 million net profit in 2000-01, down 23% from $8.8 million in 1999-2000.
Smartest move: Acquiring the Bulchina gold mine in Western Australia in 1998 for a "bargain basement price", says Nilsson. The mine is now Troy's main revenue source. Nilsson says: "It was a virgin ore body that nobody had stuffed up." Ore is accessible froChange of Director`s Interest Notice 23/5/02 7:36:49 PM ---------------------------------------------------------------------
TRY Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
