Resource Star
Welcome to the MiningMaven page dedicated to Resource Star Ltd. From this page you will be able to see all Resource Star articles written by MiningMaven and navigate to related pages of interest on other websites.
Resource Star Ltd is a publicly-listed Australian company (ASX : RSL) that has interests in uranium and specialty metals exploration assets in the Northern Territory, in Tasmania, Western Australia and Malawi.
The Company's main projects are the 100%-owned Edith River Uranium Project in the Northern Territory; and a joint venture with Globe Metals & Mining (ASX : GBE) on the Machinga Niobium-Rare Earths Project in Malawi. Globe is managing the Machinga program, with input from Resource Star, and they are currently earning 20% equity through exploration expenditure. In a staged process Globe can earn up to 80% in the project by funding all activity up to and including a feasibility study.
Resource Star recently issued a Prospectus and completed a Public Share Offer in conjunction with Allegra Capital, to allow the Company to comply Chapters 1 and 2 of the ASX Listing Rules, and the Company relisted in February 2010.
The Company has its head office in Melbourne, Victoria.
As of February 2010, the Top 20 shareholders owned 48% of the company, and the UK AIM-listed company Red Rock Resources plc is the major shareholder with 22%.
Resource Star: Focus & Vision – An Interview with Management
Written by MiningMaven
Last month, Resource Star (ASX:RSL) released two very significant pieces of news to the market.
Firstly, the proposed acquisition of a strategic stake (c18%) in TSX listed CUE RESOURCES , then less than a week later, the appointment of an new highly experienced MD & CEO.
Given the transformational nature of these two developments, we thought that now would be a good time to re-visit the Resource Star story and the Company's Management Team agreed to participate in this investor focussed Q&A session with MiningMaven:
As John Hope Franklin once said ‘We must go beyond textbooks, go out into the bypaths and un-trodden depths of the wilderness and travel and explore and tell the world the glories of our journey.’
Mineral exploration requires a team of willing adventurers, armed with the drive to scour the land, often far flung places, to find, investigate, assess and develop economic mineral deposits. And all the while having to garner and maintain the support of investors in the markets where their stock is traded.
So we find ourselves now, with the story of Resource Star (ASX:RSL), an early stage exploration company – which describes itself as offering, “A Uranium & Specialty Metals Growth Opportunity”. We like the word “opportunity”, which the our dictionary defines as “favourable or advantageous circumstance…..” and “a favourable or suitable occasion or time”.
INVESTOR UPDATE
Recording of Today's Teleconference with Resource Star. Apologies for abrupt ending on the recording of the first tele-conference, we lost the Skype connection a just couple of minutes before the Q&A session finished.
To download and view the accompanying presentation slides, please click here
Recording of first tele-conference with Resource Star at 07.00 UK time
Recording of second tele-conference with Resource Star at 17.00 UK time. (more concise)
Todays update
Drilling Commences at Livingstonia click here
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This summary represents the views and opinions of MiningMaven, has been prepared for information and educational purposes only and should not be considered as investment advice or a recommendation. All opinions expressed are those of the author and unless otherwise stated, should not be construed as being made on behalf of any featured Company. From time to time MiningMaven principals may or may not take an equity position in the said companies. Readers are advised to do their own extensive research before buying shares which, as with all small cap exploration stocks, should be viewed as high risk. Investors should also seek the advice of their investment adviser or stockbroker, as they deem appropriate.
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