Balamara Resources Limited (Australian Stock Exchange: BMB)


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Business Description
Balamara Resources Ltd is an Australia-based company. The Company focuses on the discovery, acquisition and development of new economic mineral deposits. The Company divests its non-core assets, and focus on its world class Tier One Projects such as Nowa Ruda (coking coal), Mariola (thermal coal) and Sawin (thermal coal), Poland. The Company’s portfolio also contains the projects like Monty Project, Montengro; Varesh Project, Bosnia-Herzegovina; RSC Project, Bosnia-Herzegovina; Bogdan Project, Poland; Peelwood Project, Australia; and Elsienora Project, Australia. The Nowa Ruda Project consists of a single lease area covering two large, adjacent coal deposits known as the Waclaw and Piast deposits. The Sawin project has approximately 1.387 billion tonnes of thermal coal within Sawin North. The Peelwood Copper-Zinc project which is a 100% Company’s project has mines and prospects with zinc-rich volcanic-hosed sulphide-style mineralization.