MIC to earn a 60% interest in the Jinya Gold Mine (located on the Jinya Mining Lease) in Guangxi Province of the People's Republic of China-Date 22 May 2003: http://stocknessmonster.com/news-item?S=MIC&E=ASX&N=237893
The Company’s shareholders overwhelmingly supported all resolutions, effectively endorsing the Company’s exciting investment in the Jinya Gold Mine and exploration projects located in the Guangxi Province, PRC.- date: 17 July 2003: http://stocknessmonster.com/news-item?S=MIC&E=ASX&N=240535
Michelago opportunity to acquire 40% interest in 300,000 ozs pa gold producer Shandong Tarzan BioGold Co Ltd (BioGold)-Date 12 Aug. 2003. http://stocknessmonster.com/news-item?S=MIC&E=ASX&N=240535
And increases it to 51%. BioGold is a majority Provincial Government owned and operated entity which has been in production for some two years, with estimated revenue for 2003 of approximately RMB 680M (A$135M). Date 29 Sept. 2003: http://stocknessmonster.com/news-item?S=MIC&E=ASX&N=245460
Michelago to commence gold exploration in Shandong Province. Michelago has signed a Letter of Intent (LOI) with Laizhou Jincheng Gold Mining Company Limited (Laizhou Jincheng) to enter into an Exploration Joint Venture Agreement whereby Michelago may earn a 51% interest in any gold resources below 500m in an area of 45 square kilometres in the Jiaodong (Shandong) Peninsula.
The area includes the Jincheng Mine, which has been in production since 1982 and currently produces some 25,000 ounces of gold annually, having sufficient resources for a further 20 years of operations at current production levels. The Jiaodong Peninsula is the largest granitoid related gold province in the world. Date 30 Sept. 2003: http://stocknessmonster.com/news-item?S=MIC&E=ASX&N=245476
Annual PDF Report- 57 pp - Date 22 Oct: http://stocknessmonster.com/news-item?S=MIC&E=ASX&N=247387
On 31 October 2003 the Company released a JORC compliant inferred resource of 651,476 ounces of gold, based on a 0.5g/t Au cut-off, at the Jinya Gold Project. Gold mineralisation at the Jinya Gold Project extends over a strike length of 5.6km and to a depth of 280m below surface. The Company’s regional exploration projects hold excellent potential for the discovery of additional gold mineralisation-Date: 12 Nov. 2003: http://stocknessmonster.com/news-item?S=MIC&E=ASX&N=249534
Placement/App 3Bx2/Commencement of Exploration near Jinya-Date 12 Nov. 2003: http://stocknessmonster.com/news-item?S=MIC&E=ASX&N=249534
Exploration Projects in Xinjiang Autonomous Region of Western China-Date 25 Nov.2003: http://stocknessmonster.com/news-item?S=MIC&E=ASX&N=250471
Registration of Michelago’s First Sino Foreign Joint Venture – Commencement of Exploration. Additionally, Michelago is pleased to announce that the equity interest that that the Company holds in the Guangxi Exploration SFJV has been increased to 90%. The remaining 10% interest is owned by Jincheng (Guangxi) Exploration Limited--Date 10 Dec. 2003: http://stocknessmonster.com/news-item?S=MIC&E=ASX&N=251835
MIC also has some holdings in Australia.
Capital: 413 mill. shares; 61 mill. unlisted options of which 60 mill. to be converted in 2009, some 30 conv notes 2006, face value $10,000 each. The Chinese own a portion of the securities.