Entry for STT list ta and fa
IZM
Market cap $1.5 million
Cash $400k
Involved in a farm-in agreement with Rio Tinto for Rio to spend $5 million over 4 years to earn a 75% interest in its Tiwi Islands bauxite project.
Farm-in is subject to grant of an exploration licence - Rio is currently in negotiation with the Tiwi Land Council.
Not often you see a $1.5 million company in a $5 million exploration deal with a mining conglomerate like Rio.
Looking for acquisitions.
Also has tungsten and uranium projects in the NT.
Also controls tin-tungsten projects in Myanmar.
Just dirt cheap.
Has formed a nice solid base after falling a fair way and I figure the only way is up from here.
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