BONDI MINING LIMITED
Positive Quarterly Results Lead By Murphy Project
BOM - Quarterly Report - Dr Rick Valenta, MD
Fri, 1 Aug 2008 11:40AM
Click to listen to audio on your default player or
Download the latest version of the Flash Player
Dr Rick Valenta
Fri, 1 Aug 2008
11:40AM Australia/NSW
Boardroom Radio Tools
Select a tab above to display more information
 MAXIMUS RESOURCES LIMITED
(MXR)
|
MXR - Increased Gold/Nugget Production Planned for Sellheim 2009 - Dr Kevin Wills, MD Wed, 7 Jan 2009 12:00PM |
    |
 TERRAIN MINERALS LIMITED
(TMX)
|
TMX - January 2009 Update & Letter to Shareholders - Mr Keith Wells, Managing Director Wed, 7 Jan 2009 09:00AM |
|
BONDI MINING LIMITED (BOM)
ASX code: BOM
Website: http://www.bondimining.com.au
Industry: Materials
Principal Activities:
Uranium exploration.
Address:
32 Park Road, Level 2
MILTON
QLD
Phone: (07) 3369 4000
Fax: (07) 3369 4900
Executives & Directors
Mr Simon O'Loughlin , Chairman
Dr Richard Valenta , Managing Director
Mr Creagh O'Connor , Non Exec. Director
Mr Simon Taylor , Non Exec. Director
Mr Mark Dugmore , Non Exec. Director
Mr Pierre Van Der Merwe , Company Secretary
Company Podcasts
Subscribe to current and future audio events for this company by clicking on the podcast icon:
Company ASX Announcements
Company ASX announcements can be viewed on the ASX website.
Announcements from the preceding six months are shown below.
Please refer to the relevant stock exchange if any of the above information is incorrect
BONDI MINING LIMITED (BOM) Events
Australia/NSW
BONDI MINING LIMITED (BOM)
| Appendix 3B - Release of shares from escrow | Tue, 30 Dec 2008 |
| Change of Director`s Interest Notice | Tue, 23 Dec 2008 |
| Bondi enters JV with Japan`s JOGMEC at Murphy | Mon, 22 Dec 2008 |
| Release of Securities from Escrow | Wed, 10 Dec 2008 |
| WCP: Murphy Phosphate Project Withdrawal | Thu, 27 Nov 2008 |
| Results of Meeting | Fri, 21 Nov 2008 |
| Appendix 3B - Release from Escrow | Thu, 20 Nov 2008 |
| Release of Shares and Options from Escrow | Wed, 5 Nov 2008 |
| September 2008 Quarterly Reports | Wed, 29 Oct 2008 |
| Presentation at Mining 2008 Conference | Wed, 29 Oct 2008 |
Please note: This company appears on this website as a result of its listing on the Australian Securities Exchange. Boardroom Radio does not claim any association with any company listed on this site.
INTERVIEW WITH DR. RICK VALENTA, MANAGING DIRECTOR OF BONDI MINING LIMITED (BOM)
“Positive Quarterly Results Lead By Murphy Project”
http://www.brr.com.au/event/48874
FRIDAY, AUGUST 1, 2008, 11:40 AM.
BRR Good morning and welcome to Boardroom Radio. Today we are speaking with Mr. Rick Valenta, Managing Director of Bondi Mining. Rick, thanks for
10 joining us today.
BOM No. Thank you.
BRR Rick, you presented a lot of positive results in your latest quarterly but you seem to be most excited by the results from the Murphy project in the
15 northern territory. Can you tell us why?
BOM Well, we got into the Murphy project because we felt it had all the right geological ingredients to host a world-class unconformity uranium province with deposits of the style of Jabiluka or Westmoreland deposit just across the border in Queensland. Both of which really are world-class uranium deposits.
20 And we like the Murphy project area even though the shallow cover over the area meant that there had not been a lot of exploration on the property to date. And I am happy to say that the results of Murphy to date are extremely encouraging and that we have now gone from that early stage play that we felt had uranium potential to producing some results that really validate that
25 model and show that in addition, that the exploration approach we are using is detecting mineralisation undercover. So, in other words, we know now that unconformity-style mineralization and alteration does exist in the area under shallow cover. And we also have a good target for follow-up and drilling and a lot more confidence that we have a method in the track etch screening that
30 we have carried out today that we can use to explore a much broader area and it is worth remembering that so far we have really only explored about 150 square kilometres out of the 9,000 or more that are in the tenement. So, we are very, very encouraged by the results we have got today with our exploration on the Murphy Project.
35
BRR Rick, phosphate is generating a lot of interest these days. And you mentioned in your quarterly report that the Murphy area may have some phosphate potential. Can you tell us about it?
BOM Of course. The Murphy tenement package covers a huge area as I already
40 mentioned. And it turns out that a significant part of that area has the same sequence of rocks that is known to host the large Georgina Basin phosphate deposits that are the subject of a lot of excitement right now because of the recent increase in the phosphate price. So, really, with that in mind, Bondi Mining has done some preliminary work to look into the phosphate potential
45 of the Murphy project. It has been very encouraging so far and that it looks like we have the right part of the sequence over a very large private area, again, under shallow cover. And not only that, the government compilations show that there are strong indications of phosphate very near to Bondi's tenements even though there has been little or no work inside the Murphy tenements themselves. So, we are now actually going back over some of our recent drilling to check more closely for phosphate indications. And we are also looking at how to advance this facet of the Murphy project, if you like, whether to do it ourselves or - right now, actually, we are considering
5 partnering up with some groups who are focused on phosphate exploration.
BRR Rick, and just lastly, what is next for the Murphy project?
BOM Well, now that we are confident that our approach is working, what we are going to do is carry out a much more ambitious track etch sampling program
10 covering a larger area of the right prospective structures and rock sequence. I think I already mentioned that we have really explored so far an extremely small area of the whole tenement. And this work has the potential to turn up a number of other targets that could be even better than the UC19 target area where we have a 10-kilometer long zone of anomalous uranium and the right
15 sort of alteration to host an unconformity uranium deposit. So, we are just finishing up our current RAB drilling program which is testing some more targets but also carrying out infield drilling on UC19. And we expect to be announcing further results from that later this month. And we are also finalizing arrangements to come back in with the second phase of deeper
20 reverse circulation drilling at UC19 to test the areas where we appear to have intersected the alteration halo of an unconformity-style mineralized system. So, we are hoping to be able to start that follow-up drill program in September. So, really, we are going to continue to be extremely active in the Murphy area for the foreseeable future.
25
BRR Certainly, some exciting times ahead then for the Murphy project and Bondi Mining. I would just like to thank you for your time today, Rick, and we look forward to speaking to you soon.
BOM Thank you very much.
30
BRR That was Rick Valenta, Managing Director of Bondi Mining. If you have any questions about this broadcast or any other broadcast, please feel free to contact us on brr@brr.com.au. I am Eddie (inaudible) (0:04:53) and thank you for listening to Boardroom Radio.
INTERVIEW CONCLUDED
Contact brr@brr.com.au for more information
DISCLAIMER: Transcripts made available by Boardroomradio.com is a free service whereby the transcripts are created by one or more third party contractors without any involvement or oversight by Boardroomradio.com or the respective company, firm, partnership or individual that is being transcribed. Boardroomradio.com and its contractors, client companies, firms, partnerships and guest speakers (paid or otherwise) do not invite reliance upon, nor accept responsibility for, the information they provide. Boardroomradio.com makes every effort to provide a high quality service. However, neither Boardroomradio.com, its transcript providers, nor the providers of any other written or oral data made available on the Boardoomradio.com site (and its partner sites) give any guarantees, undertakings or warranties concerning the accuracy, completeness or up-to-date nature of the information provided. Users should confirm information from another source if it is of sufficient importance for them to do so. Boardroomradio.com, its directors and employees do not accept any liability for the results of any actions taken or not taken on the basis of information in this site, or for any negligent misstatements, errors or omissions.
