About The Company
 Exploration
 Timetable
 Marketing
 Management
 Announcement
 LME TIN Price
 LME TIN Consumption
 Information Memorandum
   

 
 

 

 

 

Strategic Growth Plan

Fund Raising

Current Status: Outstanding Shares: Total issued (fully paid) 102,000,002 shares

Stage 1: 6-10/2008 - raise $2m by issuing 20m shares at a price of 10c/share Use the funds to conclude JORC compliance eluvial Resource Estimate in Siankopo, Kandiole and Ibula and increase production to 600 ton per hour of ore prior to listing

Stage 2: 5/2009 - list on ASX and raise $30m by issuing 60m shares at $0.50/share Use the funds to increase capacity to 1,000 tonnes/hour and develop all the mines

3 steps to Initial Public Offering :


3 steps to Initial Public Offering

Bond Issue

We also offer investors who are interested in fixed return secured corporate bonds with high yield. Our current limited offering includes the following :

Amount               Interest
$10-100k                3% per month
$100k-1m              4% per month

The bonds include 3 months grace period and are set for 2 years with our call option on the second year. The bonds are secured and if we delay on the repayment of interest or capital the investor shall have the right to convert the bonds to shares at improved rate

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Cash Flow

A Cash Flow for the project including all costs such as exploration, test works, mining, processing, drillings, machinery, equipment and operational cost is attached. Also included is the production rate, income from sales and investment and projected profit for the eluvial section only.

 

Time table

2007: Obtain the mining rights, Radio Metric Scanning, Pitting and Trenching, Construction of the camp site and preparation of the eluvial resource estimate in Siankopo

2008: Conclude Resource Estimate to JORC level, Test Works and start mining @ 40 tonnes/hour of ore, pre IPO drillings, explorations, BFS, Off Take Agreement

2009: Increase mining and processing capacity to 600 tonnes/hour, improve the infrastructure and listing preparations such as issue of Prospectus and other legal and accounting requirements, IPO conclusion and start developing the other tenements

2010: Full scale mining and processing @ a rate of 1,000 tonnes/hour of ore, export to the market and become a major tin supplier

 

 
 


Libra Pty. Ltd. A.C.N. 011 076 038  (18 Curlew Place, Riverhills Queensland 4074 Australia) 
email : info@libraminerals.com