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OreCorp is listed on the ASX (Code: ORR & ORRO)
ORR: $ 0.07 + 0.00%
ORRO: $ 0.01 + 0.00%
Updated 11/03/2014 at 7:35PM AEST
ORR share price chart
ORRO share price chart
OreCorp Limited (‘OreCorp’ or ‘the Company’) is an emerging resource company that listed on the Australian Securities Exchange ('ASX') in March 2013 under the code ORR. The Company has established offices in Perth (Western Australia), Ethiopia and Mauritania and is well funded with approximately $8.8 million in cash and no debt as of 31 December 2013 (unaudited).
OreCorp currently has three project areas in Ethiopia including granted licences and pending applications and two granted projects in Mauritania. The Company is currently focussing its exploration activities at its wholly owned Yubdo-Ursa Project in Ethiopia where recent surface sampling has returned highly encouraging results. In addition, OreCorp is continually evaluating other advanced projects and corporate opportunities throughout Africa.
The Company has a strong and supportive shareholder base and a highly credentialed Board and management team with an enviable track record in Africa. This has been achieved through the technical expertise to deliver quality mineral deposits and the capacity to finance both the exploration and development of such projects. The Board also have significant experience in listed companies in Australia and Canada, as well as creating value through corporate merger and acquisition opportunities.
OreCorp’s vision is to deliver superior value to its stakeholders through the identification, acquisition, exploration and development of high quality mineral resource projects. This objective is pursued through strategies which draw on the technical, financial and corporate strengths of the Company to provide multiple opportunities and maximise outcomes. OreCorp will seek to achieve this vision through a focus on the following:
- Utilising all of its resources efficiently and responsibly;
Conducting its business in an environmentally responsible manner;
Safeguarding the health and safety of all its people;
Continuously improving all of its systems and processes;
Developing its people and recognising performance; and
Fostering mutually beneficial relationships with its shareholders.