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Business Description: Ivanhoe Australia Limited (IVA) is a minerals exploration, development and production company with projects located in QWD. IVA has 100% interest in projects namely, Osborne, Merlin, Mount Elliott and Mount Dore.
Strategy Analysis: IVA´s development strategy focuses on four key elements: Firstly, to conduct extensive exploration for large iron-oxide-copper-gold (IOCG) and copper dominant orebodies. IVA´s main objective is within the Cloncurry Project to identify and develop 'classic´ IOCG hosted orebodies which are most likely to be located at depth below surface indications or have geophysical signatures. The most advanced of these IOCG targets are the partly mined Mount Elliott and Starra Line mineralised systems.Secondly, to pursue Early Development of Previously Defined Prospects Ongoing studies will be conducted into development options for the recently defined much larger mineralised system at the Mount Elliott deposit. Studies are also planned to review options for mining and treatment of the remaining resources on the Starra Line deposits. Thirdly, to confirm Previously Identified Uranium Potential IVA is in the process of identifying and exploring uranium-dominant targets and deposits which are hosted in the northern parts of the Cloncurry Project. Specifically, the Robert Heg, Elizabeth Anne, Dairy Bore, U2, Great Wall and Currajong uranium prospects will be the initial focus of exploration.Finally, to pursue Corporate Initiatives IVA expects the Board to consider other metals and minerals investment opportunities in other regions including joint ventures and strategic corporate transactions
Ivanhoe Australia reported negative cash flow of $33.17m for quarter ended 30 September 2012. Operating cash flow for the period was $(39.61m). Payments for exploration and evaluation were $(8.87m). Investing cash flow was $(12.65m). Financing cash flow was $19.09m. Cash in hand at the end of the quarter was $17.14m. The Osborne Copper‐Gold production is on target to achieve guidance and mine development work ahead of schedule. Higher grade ore has enabled the targeting of a further (fifth) shipment in late 2012. Operating costs (C1) for August & September averaged A$2.09 per pound. This is for steady state batch production at approx. 1.0 mtpa. Kulthor Measured and Indicated Mineral Resource contained metal content increased by 60% for both Copper and Gold.
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The Age 18/05/2013 |
As Australia's major retailers increase their online sales channels, pouring millions into their websites, they could face new competition from China's booming e-commerce industry.
The Age 18/05/2013 |
Most of those who take a political approach to the budget assume that if it's in deficit, the way you get it back to surplus is to cut government spending or, if you're a really bad person, increase taxes. They forget it's the budget itself that's supposed to do the heavy lifting.
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