Admiralty Resources Nl. (ASX:ADY)
Admiralty Resources NL is an Australia-based mineral exploration company. The Company is principally focused on exploration for and development of economic mineral deposits. The Company’s projects include Admiralty Minerals and Pyke Hill. Admiralty Minerals project involves approximately 32 mineral exploration and exploitation concessions covering approximately 6,600 hectares are located within the Chilean iron belt in the Atacama Desert at an altitude of 380 meters above sea level and 10 kilometers south from the city of Vallenar in the third region of Chile. Its Pyke Hill project in Western Australia consists of single granted mining lease which covers an area of 5.37 kilometers. The project is located approximately 40 kilometers southeast of the Murrin Murrin Nickel operation operated by Minara Resources Limited and is considered prospective for nickel laterite deposit. Admiralty has a joint venture option agreement in place with Cougar Metals NL (Cougar).