Sirius Exploration Plc
Sirius Exploration
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Sirius Exploration Plc is a diversified mining and exploration holding company with salt and potash interests in North America and Australia and initiatives in Compressed Air Energy Storage and Carbon Sequestration.
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Sirius Exploration was incorporated on 30 October 2003 as a private company. It subsequently re-registered as a public company under the name of Sirius Exploration Plc on 22 March 2005. It originally had a broad exploration remit. Since 2008, Sirius’s focus has become highly defined on the salt and potash mining markets.
Today, the Company has major interests in properties overlying three recognised – and significant - salt deposits in North America and Australia. Firstly, a 6000 acre area over the Williston Basin in North Dakota; secondly, a 600 square kilometre area in Australia overlying the Boree Salt Member in Queensland; thirdly, 1250 square kilometres in the Kimberley region of Western Australia that reaches over The Canning Basin.
In addition, Sirius has acquired the IP and the issued share capital of three research and development companies focused on innovative new technologies for using its properties post the mining phase for environmentally beneficial activity.
These centre on either storing or sequestering CO2 in the salt caverns or salt beds created through solution mining, or establishing conventional Compressed Air Energy Storage facilities – and potentially new CO2 based CAES facilities – on its properties for storing and re-generating electricity post mining.
Sirius continues for the present to maintain its historic copper and gold interests in Macedonia and an iron ore interest in China through its equity position in a CIC Mining Resources Ltd vehicle.
Today, the Company has major interests in properties overlying three recognised – and significant - salt deposits in North America and Australia. Firstly, a 6000 acre area over the Williston Basin in North Dakota; secondly, a 600 square kilometre area in Australia overlying the Boree Salt Member in Queensland; thirdly, 1250 square kilometres in the Kimberley region of Western Australia that reaches over The Canning Basin.
In addition, Sirius has acquired the IP and the issued share capital of three research and development companies focused on innovative new technologies for using its properties post the mining phase for environmentally beneficial activity.
These centre on either storing or sequestering CO2 in the salt caverns or salt beds created through solution mining, or establishing conventional Compressed Air Energy Storage facilities – and potentially new CO2 based CAES facilities – on its properties for storing and re-generating electricity post mining.
Sirius continues for the present to maintain its historic copper and gold interests in Macedonia and an iron ore interest in China through its equity position in a CIC Mining Resources Ltd vehicle.
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"The Directors of Sirius Exploration (AIM: SXX, OTCQX: SRUXY) are pleased to announce the appointment of Christopher (Chris) Catlow as Chairman of Sirius Exploration with effect from 6th April 2010. Chris Catlow, 49, is a highly experienced executive in the international resources industry, having been a senior executive of the ASX-listed iron ore mining company Fortescue Metals Group Limited (ASX:FMG), since shortly after its formation in 2003."