Rose Petroleum plc

Mineral Assets

With the Company’s focus now on U.S. oil resource plays, the strategy for the legacy mining assets is to maximize shareholder value with little to no further capital investment.  

The Company has interests in base and precious metals and uranium.  The base and precious metals projects are located in Mexico and the USA.  In Mexico, the Company owns and operates a floatation mill and leach facility and operations center on projects that can generate cash from production to fund the Company’s exploration and development program. The Tango base-metals porphyry project is held by agreement that also covers gold and silver projects which are part of the same porphyry system. In the USA, the Company is focused on the southwestern USA porphyry-copper province.  The Company’s uranium holdings are located in Arizona and Utah.

The mining assets are held and operated by the following wholly owned Rose subsidiaries:

  • Minerales VANE SA de CV – Mexico base and precious metals projects
  • AVEN Associates LLC – USA base and precious metals projects
  • VANE Minerals (US) LLC – USA uranium projects

Following is a list of the Company’s mining assets:

BASE AND PRECIOUS METALS

Mexico

  • San Dieguito de Arriba Mill (floatation mill and Merrill-Crow leach plant), Acaponeta, Nayarit (Click here for report)
  • Joint-Venture and Option Agreement on Tango Project, State of Sinaloa

USA

  • Ardmore Cu-Au Project – Variable 5-15% Net Profits Production Royalty Agreement with Burdett Gold
  • Database of porphyry-copper projects

URANIUM

USA

  • Northern Arizona Breccia-Pipe District - 50% interest in 50:50 joint-venture agreement with Uranium One USA, Inc.  (Uranium One subsequently sold its interest to Anfield Resources, Inc.)
  • North Wash (uranium-vanadium) Project, Utah – 100% interest in resource of 300,000 lbs eU3O8 and 1,000,000 lbs V2O5