Nilam Resources Inc (PK:NILA)
Business Focus: Integrated Mining
| Sector: Basic Materials | Industry: Integrated Mining |
| Company Contact | |
| Address: | Office 6Th Floor "B" 1480 Benevides St, Lima 18 MIRAFLORES 0000 |
| Tel: | N/A |
| Website: | www.southamericanmining.com |
| IR: | See website |
| Key People | ||
| Shahin Tabatabaei Chairman of the Board, CEO, Acting CFO, Acting Chief Principal Accounting Officer | ||
| Business Overview |
| Nilam Resources, Inc. is an exploration stage mining company that is engaged in the acquisition and exploration of mineral properties with the objective of exploiting any mineral deposits the Company discovers. The Company owns properties in Peru, namely Llippa Property and Linderos Property. It operates in two geographical areas: Canada and Peru. The Llipa Project is located in the Llipa District, Ocros Province, Ancash Department approximately 380 kilometers northeast of Lima. The Pativilca property (also known as Baco project) is located in the last western reinforcement of the western of central Andes of Peru, about 235 kilometers NNW of Lima. The property consisted of six mining concessions that were a total of 2,100 hectares. |
| Financial Overview |
| For the six months ended 31 October 2012, Nilam Resources Inc revenues was not reported. Net loss totaled $22K vs. income of $1.4M. Net loss reflects Gain on sale of mineral properties decrease from $1.5M (income) to $0K, Accounting and auditing fees increase of 12% to $8K (expense), Listing and filing fees increase of 51% to $2K (expense). |
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