Balamara Resources Limited (Australian Stock Exchange: BMB)


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Business Description
Balamara Resources Limited is an Australia-based company that focuses on the discovery, acquisition and development of new mineral deposits. The Company’s projects include Nowa Ruda (coking coal), Mariola (thermal coal), Sawin (thermal coal) and Bogdan Project in Poland. Its portfolio also includes Peelwood Project and Elsienora Project in Australia. The Nowa Ruda Project consists of a single lease area covering two coal deposits - Waclaw and Piast deposits. Mariola is located near the town of Katowice, lies in the heart of the Upper Silesian region. The Sawin project has approximately 1.387 billion tons of thermal coal within Sawin North. Bogdan is located in the Lower Silesia region of South-Western Poland. The Peelwood Copper-Zinc project which is a 100% Company’s project has mines and prospects with zinc-rich volcanic-hosed sulphide-style mineralization. The Elsienora Project lies mainly within EL6767 and covers an area of 37 square kilometers.