­Company Overview

Ridge Resources Ltd (ASX:RID) (“Ridge”) is a Perth based junior exploration company which gained admission to the Official List of ASX on 12 August 2011 with Official Quotation of the Company’s securities commencing on 17 August 2011.

Ridge’s objective is to explore for the discovery of metasomatic uranium and IOCG deposits on the Mount Alexander Project which is located approximately 20 kilometres southeast of Nanutarra and 120 kilometres to the south of Onslow, in the northwest of Western Australia.

The Company has the right to earn up to a 60% interest in the Mount Alexander Project from Groote Resources Limited through the expenditure of $1 million on the Project, and a further 10% interest through additional expenditure on the Project of $800,000. 

Groote Resources Limited will retain a 30% interest in the Project and will be free carried through to a decision to mine. 

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