Welcome to Barra Resources Limited, a West Australian focused explorer and mine developer targeting dual high-demand commodities; cobalt-nickel and gold.
The advanced Mt Thirsty Cobalt-Nickel Oxide Project, located 16km from Norseman, is undergoing a Pre-Feasibility Study in 2018 following on from very positive economics reported for the base-case scoping-study flowsheet. In parallel, Barra is also building a solid gold resource inventory at its brownfields gold mines at Burbanks and greenfields gold project at Phillips Find, both near Coolgardie. All of Barra’s projects are located in WA’s stable mining jurisdiction and have excellent access to critical infrastructure and skilled local workforces.
Barra continues to develop its projects with the aim of building growth and investment returns for our shareholders.
Barra listed on the ASX in 2000 on the back of some gold assets owned by Australia’s largest underground mining contractor Barminco. The company’s initial focus remained on gold exploration and production in Western Australia, although its motivation to stimulate shareholder growth led to Barra taking an interest in the Mt Thirsty Cobalt-Nickel project back in 2006.
At Mt Thirsty, Barra established a 32 million tonne (Mt) resource at 0.13% cobalt and 0.55% nickel, however Managing Director and CEO, Sean Gregory, recalls how the project then sat on the firm’s balance sheet as a ‘sleeper’ for around 10 years, until recent movement in the cobalt price brought the project sharply back into focus.