Business
Accounts for the period ended
Accounts for the period ended.
About this update from Arc Minerals Limited
[{"type":"text","content":"\n\n Templar Minerals Limited 24 September 2009 \n \n\nFOR IMMEDIATE RELEASE 24 September 2009\n\nTemplar Minerals Limited (\"Templar\" or \"the Company\")\n\nReport and Accounts for the period ended 30 June 2009\n\nThe Company today announces its audited results for the period ended 30 June 2009. The Report and Accounts are being posted to shareholders today, and will be available on the Company's web-site www.templarminerals.com\n\n\nChairman's Statement and Operations Review\n\nBrazil\nIn December 2008, the Company announced that its 100% subsidiary Paranaiba Minerals ltd (\"Paranaiba\") had been granted for nil consideration an option to earn-in up to 77% interest in the Rio Paranaiba Iron Ore Project, which comprises some 14,000 hectares of mining claims and applications in the Minas Gerais State of Brazil (\"The Project\").\n\nParanaiba has the sole and exclusive right and option to earn up to a 77% undivided interest in the Project in consideration for expenditures of up to C$800,000 over a two year period. \n\nAn initial 50% interest in the Project (\"Phase 1\") has already been earned by the Company by incurring a minimum expenditure of C$200,000 within 180 days after completion of an initial review period in January 2009 by the Company of all available project related data. Paranaiba and the Company's joint venture partner are currently completing all related documentation and a definitive exploration ...