Welcome to Barra Resources Limited,
an exploration and mining company targeting gold and base metal projects in Western Australia.
In this current era of high gold prices, Barra’s immediate future lies in growing its gold assets with the lowest possible risk and quickest route to production.
In 2011, Barra signed an agreement with its major shareholder, FMR Investments Pty Ltd (FMR), to accelerate development and mining its 100% owned Burbanks gold mine near Coolgardie.
Over the past few years, a small but profitable tribute arrangement has been in place. This formal alliance with FMR provides firstly and most importantly, access to a milling facility and secondly, open pit and underground mining expertise.
Barra has recommenced exploration activity at its 100% owned Phillips Find Mining Centre. Work at Phillips Find Mining Centre has been highly encouraging and technical staff remain confident that existing resources will be extended and new discoveries made.
The Company is working toward having two producing gold mines at Burbanks and Phillips Find in 2012. The profits made from these operations will be re-invested in the acquisition of new project opportunities.
Barra also holds 50% of the Mt Thirsty Cobalt Nickel Manganese Project located 20km northwest of Norseman in Western Australia. This is a world-class deposit and has the potential to be in the world’s top ten cobalt suppliers with the capacity to deliver 3,000 tonnes of cobalt, 9,000 tonnes of nickel and 13,000 tonnes of manganese per annum during the first 3 years of production.