Compass Resources
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Company type | Public |
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| ASX: CMR | |
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| Headquarters | Sydney, Australia |
Key people | Gordon Toll (Chairman) Malcolm Humphreys (CEO) |
| Products | cobalt, copper, gold, lead, nickel, uranium |
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| Website | www.compassnl.com.au |
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Compass Resources was an Australian mining and mineral exploration company that was listed on the Australian Securities Exchange .
The company's main assets were mineral resources at Browns, Browns East and Mount Fitch, adjacent to the former Rum Jungle uranium mine in the Northern Territory of Australia. Brown's consists of a multi-metal oxide deposit overlying a related sulphide deposit.[1] Compass also has exploration rights over the site of the former uranium mine and some royalty rights on a gold mine in New South Wales.[2]
Mining in the Northern Territory
On 29 January 2009, Compass Resources went into voluntary administration, while in the process of commissioning the Brown's Oxide mine.[3]
Compass was listed on the ASX with the fourth-largest lead deposit in the world, plus numerous other deposits with the potential value in excess of $15 billion. The company was chaired by mining magnate Gordon Toll. The company was awarded major project facilitation status by the Australian federal government and endorsed as a "Major Project of National Significance". The company formed a joint venture with Hunan Non-Ferrous Metals Corporation . As Compass undertook capital projects to develop and extract lead and other metal ores, costs appear to have blown out.[<span title="Script error: No such module "decodeEncode".">according to whom?]
It was delisted from the ASX in August 2015.[4] The company was deregistered in March 2023.[5]
References
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- ^ Page Module:Citation/CS1/styles.css has no content.Francis, Adrienne (22 February 2006). "Renewed activity around Rum Jungle". ABC Rural. Australian Broadcasting Corporation. Retrieved 22 February 2007.
- ^ Page Module:Citation/CS1/styles.css has no content."New South Wales resources". Compass Resources. Archived from the original on 18 February 2007. Retrieved 22 February 2007. and Page Module:Citation/CS1/styles.css has no content."New South Wales exploration". Compass Resources. Archived from the original on 18 February 2007. Retrieved 25 February 2007.
- ^ Compass Resources ASX announcements 2009 accessed: 10 September 2009
- ^ Removal from Official List Australian Securities Exchange 31 August 2015
- ^ Compass Resources Limited Australian Securities & Investments Commission
External links
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