Key Developments: Ord River Resources Ltd (ORD.AX)

ORD.AX on Australia Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Ord River Resources Limited updates on joint venture
Tuesday, 7 Oct 2014 10:40pm EDT 

Ord River Resources Limited:Says that dampier gold limited and the company have materially revised the previously announced DFS on the K2 Underground Mine.Says the K2 Underground Mine is within the company's Plutonic Gold Project and forms part of the JV, where Ord River has earned a 30 pct interest and Dampier retains a 70 pct interest.Says on Sept. 11, Ord River elected to continue to sole fund the next stage of the JV and has committed to expand a further 1 million by Mar. 2, 2015 to earn a further 15 pct.  Full Article

ORD agrees terms on an option agreement with ABM Resources
Monday, 29 Sep 2014 03:45am EDT 

Ord River Resources Limited:Says it has agreed in principle terms on an option agreement with ABM Resources NL across Ord’s Suplejack Gold Project (the Project) in the Northern Territory.Says through partnering with ABM Resources, Ord can focus its financial and technical resources on the development of the K2 Underground Development Project.Says ABM Resources to pay a non-refundable option fee of $100,000 upon finalisation of documentation and requisite approvals.Says on or before 18 months after entering into the Option Agreement ABM Resources is required to complete a total of $200,000 worth of exploration expenditure.Says upon completion of the terms of the Option Agreement, ABM Resources can elect to Farm In to the Project via expenditure of $300,000 over the following two years to earn a 70 pct interest into the Project.Says a Joint Venture (JV) will be established upon ABM Resources reaching a 70 pct interest in the Project.  Full Article

Ord River Resources Limited signs binding ore treatment agreement with Northern Star Resources Limited
Tuesday, 23 Sep 2014 06:53pm EDT 

Ord River Resources Limited:Says that it has entered into a binding ore treatment agreement with Northern Star Resources Limited, for the K2 Underground Development Project (K2), which forms part of the broader Plutonic Dome Gold Project.  Full Article

Ord River Resources Ltd announces satisfaction of earning obligation and assignment of initial interest
Wednesday, 10 Sep 2014 08:00pm EDT 

Ord River Resources Ltd:Says that the company and Dampier (Plutonic) Pty Ltd , a wholly owned subsidiary of Dampier Gold Limited, Dampier confirms Ord River has satisfied the Earning Obligation and is therefore entitled to a Joint Venture Interest of 30 pct. in the Plutonic Dome Gold Project.Furthermore, Ord River has advised Dampier that it intends to sole risk the next $1 million of Joint Venture expenditure to increase its equity in the Project to 45 pct.Says such expenditure needs to be completed on or before Feb. 10, 2015.  Full Article

Ord River Resources Ltd signs option agreement for divestment of Sarco interest
Monday, 8 Sep 2014 12:00am EDT 

Ord River Resources Ltd:Says that Southwest Bauxite (HK) Limited has formally entered into an option agreement with Ord.Says Southwest has 12 months exclusivity from the date of signing the option agreement to complete the transaction.Says if Southwest exercises the option prior to the conclusion of the option period, the parties are bound by a conditional Share Sale Agreement.  Full Article

Ord River Resources Ltd announces resignation of Chairman
Monday, 18 Aug 2014 02:00am EDT 

Ord River Resources Ltd:Says that its Chairman, Graham McGeagh, has resigned from the Board.The current Executive Deputy Chairman, Bruce McInnes has been appointed as Interim Chairman.  Full Article

Ord River Resources Ltd announces completion of rights issue and allotment of shares
Friday, 1 Aug 2014 01:00am EDT 

Ord River Resources Ltd:Says that it has completed the allotment of shares and unlisted options under the fully underwritten renounceable pro-rata entitlement issue, pursuant to the Prospectus dated July 4, 2014.Says the Rights Issue raised about $3 million before costs.Says the company has issued 1,506,253,915 fully paid ordinary shares and 1,506,253,915 unlisted options exercisable at 0.3 cents on or before Feb. 1, 2016.Says under the rights issue and an additional 2,280,770 new shares and 2,280,770 Attaching Options under its 15 pct. placement capacity.Says in total, 1,508,534,685 new shares and 1,508,534,685 attaching options have been issued raising $3,017,069 before costs.  Full Article

Ord River Resources Ltd announces commencement of drilling at Trident at Plutonic Dome gold project (farm in/joint venture with Dampier Gold Ltd)
Wednesday, 9 Jul 2014 07:58pm EDT 

Ord River Resources Ltd:Says planned commencement of drilling at Trident deposit at Plutonic Dome gold project (farm in/joint venture with Dampier Gold Ltd).Ord is currently earning up to 75 pct. interest in Plutonic Dome gold project (PDGP) through spending minimum of A$6 mln across project prior to Jan. 2, 2016.  Full Article

Ord River Resources Ltd announces issue of shares
Thursday, 3 Jul 2014 08:00pm EDT 

Ord River Resources Ltd:Says issue of up to 1,506,253,915 fully-paid ordinary shares.Shares issued upon exercise of an Attaching Option will be fully paid and will, upon their issue, rank equally with all other fully paid ordinary shares.Says shares issued at a consideration of $0.002 per share.Funds raised will be used to fund working capital requirements, including the costs of performing the Plutonic Dome Project Farm-in Agreement, and the costs of the issue.  Full Article

Ord River Resources Ltd Seeks ASIC consent to withdraw takeover bid for Dampier Gold Ltd
Monday, 9 Jun 2014 08:01pm EDT 

Ord River Resources Ltd:Refers to takeover bid for the shares in Dampier Gold Ltd , made pursuant to bidder's statement of April 29.Says that, as a result of announcement by Dampier on June 6, of its intention to acquire mineral tenement package, defeating conditions in both Section 9.2.5(a) (No Material Acquisitions) and Section 9.2.5(c) (No Material Commitments) of bidder's statement have been triggered.In light of Dampier's announcement, Ord is seeking the consent of Australian Securities & Investments Commission (ASIC) to permit Ord to withdraw all unaccepted offers under takeover bid.If ASIC grants consent sought on terms satisfactory to Ord, Ord will withdraw takeover bid in accordance with that consent.In those circumstances, if takeover bid is terminated, no supplementary disclosure to bidder's statement will be made.  Full Article

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