|
 
Read
Latest News

Lapp Plats plc (“Lapp Plats” or “the Company”) was incorporated on 15 December 2003
promoted by Minmet plc (“Minmet”) with its primary activity being
mineral exploration. In January 2004 the Company acquired from
Minmet exclusive rights of access to platinum and nickel data contained
in a geochemical database of some 140,000 targets covering Sweden, Norway
and Ireland.
Utilising the Database and data from the Geological Survey of Sweden,
Lapp Plats concentrated its initial efforts in seeking platinum and
nickel targets in Sweden.
The Company raised
£400,000 by way of a private placement with sophisticated investors in
February 2004, thereby reducing Minmet’s
shareholding in the Company to 58 per cent. Immediately following this
private placement, the Company’s
issued share capital commenced trading on the Ofex Market. In
February 2005, Minmet disposed of its entire shareholding in the
Company.
In May 2005 the Company
transferred its trading facility for its Ordinary Shares from Ofex to AIM
and IEX , the object being to raise the Company’s profile and visibility to current and potential
shareholders and also within the resource industry and to make the
Company’s shares more attractive
for future equity fund raising and acquisitions, which may involve new
Ordinary Shares being issued as consideration.
The
Company has an existing operation in Sweden
through its wholly owned subsidiary, Lapp Plats AB and also has an active
oil and gas business development division operated from the London office.
Swedish Mining Properties
A series of Mineral Claims were registered by the Company in 2004
through the Swedish Mining Inspectorate (Bergsstaten). These claims were rationalised in
August 2007. Currently only one
Mineral Claim is maintained by the Company.
The following Table set outs the current Claim of the Company in Sweden
|
Exploration
Licence Name
|
Elements covered
under licence
|
Claim Area (hectares)
|
Licence
Renewed/Applied
|
Licence Expires
|
|
|
|
|
|
|
|
Tjårro Nr 1
|
Fe, Au, Cu
|
2,241
|
August 2007
|
August 2010
|
Glossary of Symbols: Au – Gold; Cu – Copper; Fe- Iron
The Tjårro Nr 1 block, which was generated
from the LP-PGD, is located approximately 20km north east of the mining
town of Kiruna in northern Sweden.
The Kiruna Mine wholly owned by LKAB (Sw: Luossavaara-Kiirunavaara Aktiebolag),
is the one of the world's largest and most modern underground iron-ore
mines. The Kiruna district has also been explored more recently for Iron
Oxide Copper Gold (IOCG) deposits and to the south of Kiruna at
Gallivare, Boliden operates the Aitik copper mine. Iron and
gold-silver-copper deposits mentioned indicate the general prospectivity
of the region for such styles of mineralization but such deposits are not
necessarily indicative of the potential for economic mineralization
within the new Tjårro Nr 1 block.
The Tjårro claim is located along the
contact zone of 1.88 billion-year- old intrusive rock unit. There are
four target areas displaying mineralisation at surface comprising
disseminated chalcopyrite and magnetite in the mafic volcanic host-rock
around the contact with the intrusive. Grades from previous Swedish
Geological Survey (Sw: SGU) surface rock samples have returned up to 40%
Fe, 1.23% Cu and 0.2 g/t Au. After compilation of all previous work a
detailed base of till sampling programme will be undertaken over the four
target areas and subject to encouraging results will undergo diamond
drill testing.
New Opportunities – Cove Energy plc – read Press
Release
On
27 May 2009 the Company announced an intention to roll out a new oil and
gas strategy involving a change of name to Cove Energy plc under the
direction of new Directors Michael Blaha and John Craven. Cove Energy’s strategy is to
identify and acquire oil and gas assets in the early phase of the upstream
life-cycle and mature them into marketable opportunities for the medium
and larger oil and utility companies.
The Company’s initial focus will be on Africa and the Mediterranean.
The Company will be “opportunity driven” but the objective is to target assets in
areas where larger oil companies are not yet active or have overlooked
opportunities. Cove Energy will
also seek out assets owned by companies in distress as a result, for
instance, of the current global economic climate.
CONTACTS.
|
Head Office
22 Grafton Street
London
W1S 4EX
England
Michael Nolan
t +353 1 662 4351
f +353 1 661 3119
info@lapp-plats.com
:
www.lapp-plats.com
|
|
Non – Executive Chairman
Michael Blaha
Directors
John Craven – CEO
Tom O’Gorman – Non-Executive Director
Michael Nolan – Executive Director
Ivan B. Murphy – Non-Executive Director
Company Secretary
Michael Nolan FCA
Nominated Adviser and Broker (AIM)
Cenkos Securities plc
IEX Adviser (IEX)
Davy Corporate Finance Ltd
Computershare Investor Services plc (Ireland)
|
REPORTS
Lapp Plats Annual Report 2008
Lapp Plats Annual
Report 2007
Lapp
Plats Annual Report 2006
Lapp
Plats Annual Report 2005
Lapp
Plats Annual Report 2004
Lapp Plats plc. Date of Incorporation 15 December 2003
Tel: + 353 1 661 4351 Fax: + 353 1 661 3119
Updated on the 11 June 2009. The information on this website is
disclosed for the purpose of Rule 26.
|