OAKDALE RESOURCES LIMITED
ACN 009 118 861
8 Maud Street, Newstead
Qld 4006
PO Box 3199 Newstead
Qld 4006
Phone: (07) 3624 8188
Fax: (07) 3624 8133
Email: [email protected]
Web: oakdaleresources.com.au
12 June 2015
ASX ANNOUNCEMENT
COMMENCEMENT OF DIAMOND DRILLING AT OAKDALE
GRAPHITE PROJECT
Oakdale Resources Limited (ASX: OAR) is delighted to announce the commencement of its
diamond drilling programme to recover in situ samples for metallurgical testing. Four holes will
be drilled, duplicating Holes OAC002, OAC019, OAC050 and OAC097. The first drilling under
the current programme commenced on 10 June 2015 and is expected to be finalised within 2
weeks.
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Location of Oakdale Graphite Project
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Oakdale Resources is also pleased to announce that it has now finalised its previously
foreshadowed agreement with Anglo American Exploration (Australia) Pty Ltd. As a result of the
conclusion of that agreement Oakdale Resources will now be entitled to 100% of all revenue
from future sales of graphite produced within Oakdale’s Eyre Peninsula tenements as the 1.5%
net smelter return royalty previously held by Anglo American Exploration (Australia) Pty Ltd has
been cancelled as a consequence of the payment of $250,000 by the Company to Anglo
American.
Initial air core drilling has commenced at Oakdale East with graphite being intersected in the
first hole.
For further information please contact John Lynch on (07) 3624 8188
Yours faithfully
John E Lynch
B.Sc (Sydney) M.Sc. (James Cook) FAICD and FAIMM
Managing Director
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