Gippsland Limited

Gippsland Limited

Gippsland Limited is an Australian based international resource company listed on the Australian Stock Exchange where it trades under the codes "GIP" (Shares) and "GIPO" (Options). Gippsland is managed by Directors who provide a complimentary blend of technical and commercial skills, and having a long history in the successful running of technically complex private and ASX listed companies.Because of the Directors' international experience, Gippsland focuses on world-scale projects which have been over-looked by major resource groups. Projects which have undergone detailed exploration and which have the potential to be brought into production quickly are a prime target for the Company. Gippsland's success in this area is due in part to the Company's philosophy of entering into equitable joint venture arrangements with overseas nationals.The Company's prime assets are the 40 million tonne Abu Dabbab and the 98 million tonne Nuweibi tantalum-tin projects located in the Central Eastern Desert of Egypt, adjacent to the western shore of the Red Sea.

An Environmental Impact Assessment (EIA) completed to World Bank standards has been approved by the Egyptian Environmental Affairs Agency. A Bankable Feasibility Study undertaken by Lycopodium Engineering Ltd determined that the Abu Dabbab project has the potential to become a major tantalum supplier to the steadily expanding global tantalum industry. The Lycopodium BFS indicated that the project will produce in excess of 650,000 pounds of tantalum pentoxide per year over a likely mine-life of 20 years. Gippsland Limited has executed an offtake agreement with the tantalum major HC Starck GmbH of Germany for the sale of 600,000 pounds of tantalum pentoxide per year for a 10 year period.Gippsland Limited is presently negotiating with the German government owned KfW Bankengruppe for project finance which is anticipated will be arranged on a most favourable 80% debt and 20% equity basis.Tantalum metal powder is an indispensable intermediate for the production of capacitors without which modern cell phones, laptops or flat screens would not be possible. HC Starck in particular is a specialist for high capacitance tantalum powders which are above all indispensable for the latest generation of modern electronic appliances. Tantalum metal is also an essential metal in the production of high temperature applications such as jet engine turbine blades. Tantalum has a high level of bio-acceptability which makes it the preferred metal of medical implants (orthopaedics). Due to its extreme resistance to acid corrosion it is used in chemical plant and equipment.

Contact Details

Office Address

Gippsland Limited
207 Stirling Hwy.
Claremont, WA, Australia 6010
Phone: +61-8-9340-6000
Fax: +61-8-9340-6060

Executives

Executive Chairman

Robert J. (Jack) Telford

CFO

P. R. Sims

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