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Latest News
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Quarterly Activities Report
The Board of Prairie Downs Metals Limited (“Prairie” or “the Company”) is pleased to present its December 2011 quarterly report.
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Results of Annual General Meeting
The Company’s General Meeting was held today, 30 November 2011 at 1.00pm The Company’s General Meeting was held today, 30 November 2011 at 1.00pm (WST). The resolutions voted on were in accordance with the Notice of Annual General Meeting previously advised to the Australian Securities Exchange. on were in accordance with the Notice of Annual General Meeting previously advised to the Australian Securities Exchange.(WST).
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Ivernia elects to enter into Farm In Option Period
Prairie Downs Metals Limited (“Prairie” or “the Company”) is pleased to announce that Ivernia Australia Exploration Pty Ltd (“Ivernia”), a wholly-owned subsidiary of Ivernia Inc. (TSX: IVW), has elected to enter into the Farm-In Option Period as per the terms of the Joint Venture Agreement (“Agreement”) signed between Prairie and Ivernia in June 2010.
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Quarterly Report for the period ended 30 September 2011
The directors of Prairie Downs Metals Limited are pleased to present the September 2011 quarterly activities report.
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Prairie Downs Metals Limited Annual Report for 2011
ASX Release: 24 November 2011
Ivernia elects to enter into Farm In Option Period
Highlights
Prairie Downs Metals Limited (“Prairie” or “the Company”) is pleased to announce that Ivernia Australia Exploration Pty Ltd (“Ivernia”), a wholly-owned subsidiary of Ivernia Inc. (TSX: IVW), has elected to enter into the Farm-In Option Period as per the terms of the Joint Venture Agreement (“Agreement”) signed between Prairie and Ivernia in June 2010.
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Ivernia has elected to enter into the Farm-in Option Period at the Prairie Downs Base Metal Project as per terms of the Joint Venture Agreement.
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Having elected to enter the Farm-in Period, Ivernia will be now be required to invest a minimum of a further $2 million as the Option Funding Amount over a further 18 month period to earn the option to acquire a 60% interest in the Project for a payment to Prairie of $10 million in cash or shares of Ivernia.
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Exploration program continues at Prairie Downs with preparations underway for a potential third phase of drilling in 2012.
To read today's announcement in full, please click here.
For further information contact:
John Welborn
Director
Prairie Downs Metals Limited
Tel: (+6 18) 9322 6322
This e-mail address is being protected from spambots. You need JavaScript enabled to view it
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Information in this release that relates to Exploration Results or Mineral Resources is based on information compiled by Mr Luke Kerr who is a member of The Australasian Institute of Mining and Metallurgy. Mr Kerr has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Persons as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr Kerr consents to the inclusion in this report of the statements based on their information in the form and context in which it appears. |