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Corporate information
Stock Exchange
Adastra Minerals is listed on the Toronto Stock Exchange (TSX) and
the Alternative Investment Market (AIM) under the symbol AAA.
Key data
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| Shares outstanding | 77,185,331 | |
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| Cash Onhand as at 31/10/05 | $6,082,510 | |
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| Nominated Broker |
Canaccord Capital (Europe) Limited |
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| Nominated Advisor |
Canaccord Capital (Europe) Limited |
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| Auditors |
KPMG LLP Chartered Accountants |
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| Corporate Counsel |
MacNeill Law |
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| Transfer Agent |
Computershare Trust Company of Canada |
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| Major Shareholders |
M&G Investment Management Limited (14.4%) Capital International (7.2%) Gondwana Investments Limited (7.1%) Umicore (4.6%) |
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| Year End |
31st October |
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| Annual General Meeting | April (Held in Toronto) | |
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| Corporate stucture (Click to enlarge) |
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Current Operations
The Kolwezi tailings cobalt copper project (DRC)
Adastra holds a 65% effective interest, through its 100% owned subsidiary Congo Mineral Developments Limited (CMD), in a resource of 112.8 million tonnes at an average grade of 0.32% cobalt and 1.49% copper, with 97% in the measured category (JORC reporting code), as determined by Dr. Isobel Clark of Geostokos Limited, a “qualified person” as defined by the Canadian Securities Administrators’ NI 43-101.
Adastra has completed a 12 months pilot plant programme and established a robust process flowsheet using conventional technology and also completed Phase 1 of the Environmental and Social Impact Assessment (ESIA).
The formation of, Kingamyambo Musonoi Tailings SARL (KMT), the JV company, has now been ratified by Presidential Decree and the title to the tailings transferred to it. Phase 2 of the Environmental and Social Impact Assessment ("ESIA") conducted by SRK and the Definitive Feasibility Study ("DFS") conducted by the joint venture of Murray and Roberts and GRD Minproc have now commenced, with negotiations of potential off-takers for the projects's metal product ongoing.
more...
The Kipushi Zinc Mine (DRC)
Adastra holds an option agreement with Gécamines , the state mining company, to evaluate the potential rehabilitation of the Kipushi zinc mine. The mine is considered to be a world–class deposit with a measured and indicated resource of 16.7% zinc and 2.2% copper as calculated by Gécamines and verified by Neil Scott of International Mining Consultants Limited (a division of IMC Group Consulting Limited). The resource is open-ended both along strike and down dip. Negotiations with Gécamines are ongoing. Kumba has an option agreement to acquire up to 50% in the project.
more...
Cuango and Camutue (Angola)
Adastra has a 51% interest in two diamond licences known as the Cuango International exploration licence and the Cuango mining licence in the north of Angola with a combined area of 2,936 sq km. Historically the Camutue mining licence has proved to be a prolific source of diamonds, having been worked over the last thirty years by mining contractors and more recently by artisanal miners.
more...