GDA good drinks australia ltd

gondwana tenements expansion

  1. 3,267 Posts.
    The Annual Report to 31 dec 07 out last night continas a comprehensive list of tenements which will take some time to get the head around but the list contains a lot of previously not articulated tenements and joint holdings with a variety of third parties not generally known to the market.
    My brief review has identified the following observations....
    see [age 12, 13 and 14 for the full tenement list including jv's and third party interests.
    1.There are 7 joint venutre tenements where Kagara has Nickel rights in the Cheriton project.
    2.There are 9 100% GDA nickel and other mineral tenements in the cheriton project tenements.
    3.There are also GDA tenements with other third party tenements.
    4.There are three GDA tenements near Marble Bar one of which Adelaide has Adelaide prospecting with 10% third party interest and two that are 100% GDA. There is another I can't identify on the map that Adelaide Prospecting has a 10% interest in identified as Western Shaw, E 45/2459.
    5.GDA has 5 100% tenements ( i.e. Iron ore retained) in the Centenary project, 5 in the Springhill project, 2 in the Burbridge project, 3 in the Pathfinder project, 7 in the Parker Ridge project two in the McIntosh project ( all of these iron ore retained) as well as numerous other GDA tenements with third party interests.
    6. There are 13 GDA tenements with the known Cazaly iron ore joint venture rights ( GDA 15%, Richmond 5% and CAZ 80%).
    7.There are multiple jv's with third parties in the Parker Ridge project.

    Each of these warrant further discussion as there appears to be a lot where GDA still has 100% iron ore and other minerals which are not included in the CAZ jv.

    These tenements are in addition to the existing tenements we know about like Moodong Well, Wallal Downs on the Pilbara coast. There are numerous tenements I know nothing about that appear on the list which is a positive now that they have been identified but yet to be researched.
    fs.


 
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