On 16 June 2011, Conto Resources Limited was admitted to the Official List of the Australian Securities Exchange (ASX). On 23 June 2011, official quotation of the securities commenced at 12:00pm AEDT (10:00 am WST).
The Company has entered into a Farmin Agreement with Sammy Resources Pty Ltd, pursuant to which the Company acquired a right to earn an 80% interest in the Cardinia Bore Project by completing 1,000 metres of RC drilling within 2 years of the Company listing on the ASX.
The Cardinia Bore Project is located approximately 28 km ENE of Leonora in the Goldfields-Esperance region of Western Australia and consists of 9 tenements covering 1,309 hectares. The region has a long history of gold mining and exploration.
The Cardinia Bore project consists of 9 granted prospecting licenses covering an area of approximately 1,309 hectares.
In line with the Company’s strategy to acquire prospective projects, the Company has entered into a corporate mandate arrangement with Otsana Capital to secure mineral projects for the Company in the future.