About Dempsey Minerals Limited

Dempsey Minerals Limited is an Australian based mineral and oil exploration company established to generate shareholder wealth by identifying, acquiring and/or developing mineral projects that possess the potential for exploration success.

In September 2015, the Company announced that it has entered into a conditional exclusive Option and Sale & Purchase Agreement (“Agreement”) under which it had an option to acquire 100% of the issued capital of Petroz Limited (“Petroz”)(“Option”). Petroz is an unlisted public Australian oil company, which has secured a 75% interest in a proven, newly awarded, onshore oil licence (Alasehir Licence 21A) located in Western Turkey.

 

 

The Company also has the Greenbushes South project which comprises one Exploration Licence application (E70/4629) covering a total area of approximately 43 km2. It is approximately 15kms to the south of the Greenbushes mine. The Greenbushes mine has been producing lithium from the Greenbushes Lithium Operations for over 25 years.  It was established in 1983 and initially focussed on tantalum production but its primary product is lithium. The most recent public lithium resource for the mine was 119.4Mt @ 2.24% Li2O as at 30th September 2013.

The Greenbushes South project is considered prospective for lithium, tin and tantalum. It has similar mineralisation to what exists at the Greenbushes mine.  

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