Contact Us +61 2 9392 8010

PLD Corporation Limited

PLD Corporation Limited

Download the latest PLD Corporation Limited (ASX: PLD ) reports

Looking for more information? Download our latest reports on PLD Corporation Limited and receive plenty of information tailored for investors. Our review is free and includes a recommendation on PLD Corporation Limited and its portfolio.

Download the latest reports

Have you already registered?

If you have not registered with us before please click here.

Request Access

Please provide some information to be able to view these reports.

Details:
Interests:

Gain Access

PLD is an early stage nickel-copper exploration company with exposure to a highly prospective project located in the Albany-Fraser belt of WA. Shallow RAB drilling at two targets (of 36 identified) demonstrate a geological setting considered directly analogous to the 14.6Mt @ 2.2% Ni Nova-Bollinger discovery, also located within the Albany-Fraser Belt. Upcoming drilling provides opportunity for positive news flow and a substantial valuation re-rating.

PLD Corporation (ASX: PLD) has entered into binding option agreements for an exclusive 12 month period to acquire a 90% interest in the Rocky Gully Ni-Cu project (comprising 3 tenements), located in the southern corner of the Albany-Fraser Belt, WA, from ASX listed ‘Heron Resources’. A further option agreement was signed with a private group for a 100% interest in a contiguous Exploration Licence Application (with both option agreements now covering four licences).

PLD has already made non-refundable payments totalling A$80k to secure the option agreements and, should the Company elect to exercise, it will pay a further A$280k (or 28.75M PLD shares issued @ A$0.008) to Heron and 5M shares to the private group (@ A$ 0.01). Heron will retain a 10% interest in 3 licences and a Net Smelter Royalty (NSR) of 1.5%.

The Rocky Gully Project hosts 10 ‘priority’ Ni-Cu targets, however, the two of most significance are the ‘M19’ and ‘M20’ prospects. Historical shallow RAB drilling intersected strongly anomalous nickel-copper zones within lateritic horizons in a setting that is considered directly analogous to that of Sirius’s Nova-Bollinger discovery. An upcoming RC drill campaign has been designed to test these highly prospective Ni-Cu targets, with first results expected before the end of June 14’.

PLD has a management team with extensive experience in exploration, development and mining, providing confidence of stringent exploration. With an EV of A$1.9M, PLD is highly leveraged to any positive news flow...


More details about PLD Corporation Limited

ASX on Hotcooper: http://hotcopper.com.au/asx/PLD

Markets: Copper, Nickel