PARADIGM METALS LIMITED
Sempra Takes 11% Stake in Paradigm
PDM - June 2008 Quarterly Report - Mr Graham Carman, MD
Tue, 5 Aug 2008 09:15AM
Click to listen to audio on your default player or
Download the latest version of the Flash Player
Mr Graham Carman
Tue, 5 Aug 2008
09:15AM Australia/NSW
Boardroom Radio Tools
Select a tab above to display more information
 FLINDERS MINES LIMITED
(FMS)
|
FMS - 2008 Annual General Meeting - Mr Robert Kennedy, Chairman and Dr Kevin Wills, MD Fri, 28 Nov 2008 03:15PM |
    |
 MAXIMUS RESOURCES LIMITED
(MXR)
|
MXR - 2008 Annual General Meeting - Mr Robert Kennedy, Chairman and Dr Kevin Wills, MD Fri, 28 Nov 2008 03:30PM |
|
 RAMELIUS RESOURCES LIMITED
(RMS)
|
RMS - 2008 AGM: Chairman and MD's Address - Mr Bob Kennedy, Chairman and Mr Joe Houldsworth, MD Fri, 28 Nov 2008 03:30PM |
|
PARADIGM METALS LIMITED (PDM)
ASX code: PDM
Website: http://www.paradigmmetals.com.au/
Industry: Materials
Principal Activities:
Uranium and tungsten explorer
Address:
122 Walker Street, Suite 202
NORTH SYDNEY
NSW
Phone: (02) 9955 7130
Fax: (02) 8920 3576
Executives & Directors
Mr Richard Austen , Non Exec. Chairman
Mr Graham Carman , Executive Director, Managing Director
Mr Stephen Lonergan , Non Exec. Director
Mr John Gaskell , Non Exec. Director
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
PARADIGM METALS LIMITED (PDM) Events
Australia/NSW
PARADIGM METALS LIMITED (PDM)
| Appendix 3Z Richard Austen | Tue, 25 Nov 2008 |
| Annual General Meeting Chairmans Address | Thu, 20 Nov 2008 |
| Results of 2008 AGM | Thu, 20 Nov 2008 |
| September08 Quarterly Report | Fri, 31 Oct 2008 |
| Presentation to Mining 2008 Resources Convention Brisbane | Thu, 30 Oct 2008 |
| Notice of Annual General Meeting | Mon, 20 Oct 2008 |
| Financial Report 2008 (5Mb) | Tue, 30 Sep 2008 |
| Presentation to Excellence in Mining and Exploration | Tue, 16 Sep 2008 |
| Further positive vanadium and molybdenum - Cloncurry | Tue, 16 Sep 2008 |
| Frogmore Copper Project presentation (3Mb) | Mon, 1 Sep 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 GRAHAM CARMAN, MANAGING DIRECTOR OF PARADIGM METALS LIMITED (PDM)
“Sempra Takes 11% Stake in Paradigm”
http://www.brr.com.au/event/49004
TUESDAY, AUGUST 5 2008, 9:15 AM.
BRR Good afternoon and welcome to Boardroom Radio. Today, we’re speaking with Mr. Graham Carman, managing director of Paradigm Metals. Thanks for
10 joining us today, Graham.
PDM Thanks very much, Eddie.
BRR Graham, we see that Sempra Metals & Concentrates taken an 11% stake in Paradigm Metals and into the mine offtake agreement. This is a major
15 highlight to Paradigm over the quarter. Would you like to tell our listeners of the benefits from this?
PDM Yes. Thanks very much, Eddie. There’s a number of benefits…Sempa… obviously the cash that Sempra injects into the company has allowed us to continue aggressive exploration program specifically on our Frogmore copper
20 project. Sempra is a major player in base metal concentrate products worldwide and Sempra like the potential for a discovery of a proper deposit at Frogmore so their involvement really gives us the project and the management a big tick. I guess the third point of the Sempra involvement is their relationship with the Rural Bank of Scotland who own a significant stake
25 of Sempra and this may open doors for future project funding later on down the trail. So it’s certainly a very exciting development in the Paradigm Metals.
BRR And, Graham, if you’re now able to deliver the assay results from your drilling at the Frogmore copper project, can you explain the developments to our
30 listeners?
PDM During the quarter, we had a very busy time. We were drilling for a couple of months through the quarter. We completed 2,500 metres of drilling in 11 holes and (inaudible) (00:01:22) significant copper. We got strong copper intersections over a number of those holes. I’ll advise the listeners to take a
35 close look at the quarterly report and that summarizes a number of those intercepts. We now understand the geology pretty well. It dips steeply to the east and it’s still open in at least one direction at a depth and we’re going to continue working with additional geophysics and also drilling next quarter to further advance our (inaudible) (00:01:54) of the Frogmore copper project. So
40 we’re very encouraged by the results we’ve got today and we’re anticipating a lot more exciting news going forward into the next quarter.
BRR Graham, there’s been some at the Democrat Gold-Copper site. What have they been and what is the potential?
45 PDM This is a new one for us. This is a prospect that’s located in the same general region as Frogmore, about 30 or 40 kilometres away. We reviewed some previous data from an old mining field which we call Democrat and it includes a cluster of old base mineral workings. Then that coincide with a prominent geophysical anomaly. When we’re looking at the base mineral potential, we reviewed the gold versus the previous guys have got. We’ve been very impressed with some of the precious metal credits that we see in a number of those samples of gold assays going up to 16 grams per tonne in some of the old mines up there. So we see this is an adjunct, if you like, to Frogmore as
5 potential extra tonnage for the Frogmore development but we’re also, you know, encouraged by the gold (inaudible) (00:02:53) that we’re seeing in the initial sampling. So it’s early days. There hasn’t been that much drilling in the past. There’s really only been a handful of holes there and most of those holes have been quite short and there’s a lot of alteration and indications of
10 old working spread over big areas. So we’re going to be rapidly advancing the project with mapping and sampling and then doing some drilling into the next quarter.
BRR And lastly, Graham, if you’d like to touch on the progress on the Cloncurry
15 Toolebuc drilling potential with Exco and the progress with this project.
PDM This is the joint venture with Exco Resources which we signed back in February of 2008. Initially, the exploration play was for the uranium only but we’ve now developed a play into just three sides of the joint venture. As you say it’s a Toolebuc Formation which is a limestone oil shale sequence that
20 we’ve known about and has been explored in the past for oil shales. With the energy situation going on in the world, we are re-evaluating the oil shales. This 100 square kilometres of prospectus Toolebuc oil shale and the joint venture that was drilled is about 100 drill holes from previous explorer so we’re going back into parts of the area where data is limited and re-drilling
25 some holes. We’re just about to wind up the drill program where we’re going to re-asses grade and thicknesses of those oil shale sequences and we’ll be advising the market when we get results for that joint course. The second part of the exploration play is where the oil shales are oxidised. There’s no longer oil in the Toolebuc Formation but there is significant quantities of vanadium
30 and molybdenum and we released during the quarter very extensive vanadium-molybdenum mineralisation in the near cropping sections of the Toolebuc Formation that occur within the joint venture in this. It’s an enormous area, 200 square kilometres of prospective rocks there. The third part of the exploration play with Exco in the Cloncurry area is the uranium and
35 we have announced previously some encouraging uranium growths that occur also within the Toolebuc and this current drill program we’ll also be assessing the uranium in the reduced oil shales sequences of the Toolebuc. So it’s an exciting development for us. We see this could have an enormous potential going forward from a point of view of the energy requirements and
40 the oil shale development in particular is in its early days. It’s gonna require some technologies but I guess with the oil price * for a long time, we’re going to see some of these oil shales likely but if you looked at it very, very seriously. We see this as a very exciting potential project for Paradigm and Exco Resources so it’s fantastic.
45
BRR Thank you very much for your time today, Graham, and we look forward to speaking to you soon.
PDM Thanks very much, Eddie.
BRR That was Graham Carman, managing director of Paradigm Metals. And if you have any questions about this broadcast or any other broadcast, please feel free to contact us on brr@brr.com.au. I’m Eddie (inaudible) (00:06:04) 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.
