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As Of Filer Filing For·On·As Docs:Size Issuer Agent 7/14/06 Augusta Resource Corp 40FR12B 7/13/06 61:4.7M Newsfile Corp/FA |
Document/Exhibit Description Pages Size 1: 40FR12B Registration Statement HTML 69K 2: EX-99.1 Annual Information Form for the Year Ended HTML 180K December 31, 2005 11: EX-99.10 MD&A for the Six Months Ended June 30, 2005 HTML 120K 12: EX-99.11 First Quarter Report HTML 144K 13: EX-99.12 MD&A for the Three Months Ended March 31, 2005 HTML 80K 14: EX-99.13 Management Information Circular HTML 129K 15: EX-99.14 Form of Proxy HTML 34K 16: EX-99.15 Preliminary Assessment and Economic Evaluation HTML 373K 17: EX-99.16 Mineral Resource Estimate HTML 257K 18: EX-99.17 News Release Dated June 30, 2006 HTML 27K 19: EX-99.18 Material Change Report Dated June 26, 2006 HTML 22K 20: EX-99.19 Material Change Report Dated June 14, 2006 HTML 48K 3: EX-99.2 Annual Information Form for the Year Ended HTML 254K December 31, 2004 21: EX-99.20 Material Change Report Dated June 5, 2006 HTML 21K 22: EX-99.21 Material Change Report Dated June 2, 2006 HTML 19K 23: EX-99.22 Material Change Report Dated May 18, 2006 HTML 25K 24: EX-99.23 Material Change Report Dated May 5, 2006 HTML 26K 25: EX-99.24 Material Change Report Dated April 27, 2006 HTML 19K 26: EX-99.25 Material Change Report Dated April 11, 2006 HTML 18K 27: EX-99.26 Material Change Report Dated April 7, 2006 HTML 26K 28: EX-99.27 Material Change Report Dated March 17, 2006 HTML 23K 29: EX-99.28 Material Change Report Dated March 6, 2006 HTML 20K 30: EX-99.29 Material Change Report Dated February 16, 2006 HTML 23K 4: EX-99.3 Audited Annual Financial Statements HTML 534K 31: EX-99.30 Material Change Report Dated January 26, 2006 HTML 31K 32: EX-99.31 Material Change Report Dated January 16, 2006 HTML 26K 33: EX-99.32 Material Change Report Dated January 16, 2006 HTML 30K 34: EX-99.33 Material Change Report Dated November 22, 2005 HTML 21K 35: EX-99.34 Material Change Report Dated November 11, 2005 HTML 28K 36: EX-99.35 Material Change Report Dated October 13, 2005 HTML 26K 37: EX-99.36 Material Change Report Dated September 29, 2005 HTML 22K 38: EX-99.37 Material Change Report Dated September 20, 2005 HTML 20K 39: EX-99.38 News Release Dated September 9, 2005 HTML 18K 40: EX-99.39 News Release Dated August 25, 2005 HTML 21K 5: EX-99.4 MD&A for the Years Ended December 31, 2005 and HTML 169K 2004 41: EX-99.40 Material Change Report Dated August 25, 2005 HTML 18K 42: EX-99.41 Material Change Report Dated July 12, 2005 HTML 23K 43: EX-99.42 Material Change Report Dated July 5, 2005 HTML 20K 44: EX-99.43 News Release Dated June 23, 2005 HTML 20K 45: EX-99.44 Material Change Report Dated June 14, 2005 HTML 20K 46: EX-99.45 News Release Dated June 9, 2005 HTML 19K 47: EX-99.46 Material Change Report Dated June 8, 2005 HTML 27K 48: EX-99.47 Material Change Report Dated May 13, 2005 HTML 23K 49: EX-99.48 Material Change Report Dated May 13, 2005 HTML 22K 50: EX-99.49 Material Change Report Dated March 29, 2005 HTML 21K 6: EX-99.5 First Quarter Report HTML 198K 51: EX-99.50 Material Change Report Dated March 4, 2005 HTML 22K 52: EX-99.51 News Release Dated March 4, 2005 HTML 24K 53: EX-99.52 News Release Dated March 1, 2005 HTML 26K 54: EX-99.53 News Release Dated February 17, 2005 HTML 18K 55: EX-99.54 News Release Dated February 11, 2005 HTML 18K 56: EX-99.55 News Release Dated February 8, 2005 HTML 21K 57: EX-99.56 Material Change Report Dated January 27, 2005 HTML 22K 58: EX-99.57 Consent of Expert in Connection With the Paee HTML 18K Report 59: EX-99.58 Consent of Expert in Connection With the Rosemont HTML 18K Property Report 60: EX-99.59 Auditor's Consent (Ernst & Young LLP) HTML 17K 7: EX-99.6 MD&A for the Three Months Ended March 31, 2006 HTML 99K 61: EX-99.60 Auditor's Consent (Deloitte & Touche LLP) HTML 17K 8: EX-99.7 Third Quarter Report HTML 244K 9: EX-99.8 MD&A for the Nine Months Ended September 30, 2005 HTML 135K 10: EX-99.9 Second Quarter Report HTML 239K
Filed by Automated Filing Services Inc. (604) 609-0244 - Augusta Resource Corporation - Exhibit 46 |
BC FORM 53-901F
This is the form of a material change report required under section 85 (1) of the Securities Act and section 151 of the Securities Rules.
Item 1: Reporting Issuer
Augusta Resource
Corporation (the “Company”)
400 - 837 West Hastings Street
Vancouver,
B.C. V6C 3N6
Item 2: Date of Material Change
1.
April 25, 2005 (Since the date of the material change and the date of the
news release, the Company was relying on subsection 7.1(2) of NI 51-102); and
2. June 8, 2005
Item 3: Press Release
A press release was issued on
June 1, 2005 and a further news release clarifying and expanding the information
was issued June 2, 2005.
Item 4: Summary of Material Change
1. The Company announced its acquisition of 100% of the Rosemont Ranch copper deposits in Pima County, Arizona for US$20,800,000 payable over a three year period subject to a 3% NSR. The property includes patented and unpatented claims, fee land and surface grazing rights. The Corporation has made the first payment of US$6,666,666.
2. The Company also announced that it had arranged a brokered private placement of 2,000,000 units at $2.50 per unit for gross proceeds of $5,000,000 (the “Offering”). Each unit is comprised of one common share and one non-transferable share purchase warrant (“Warrant”). Each Warrant entitles the holder to acquire one common share (“Warrant Share”) at a price of $3.00 per Warrant Share for a period of two years.
Item 5: Full Description of Material Change
1. The Company announces it has entered into an agreement to purchase 100% of the Rosemont Ranch copper deposits in Pima County, Arizona. The property is located via highway approximately 50 km southeast of Tucson, situated near a number of large porphyry type producing copper mines operated by Phelps Dodge and Asarco.
The Rosemont property contains three known potentially open-pit mineable copper/molybdenum (“Cu/Mo”) skarn deposits on patented mining claims. Over 232,000 feet of diamond drilling has been conducted on the property by Anaconda/Amax and Asarco outlining approximately 5 billion pounds of Cu in the following resources:
Deposit | Historical Resources | |
Rosemont | 340,505,100 tons of 0.64% Cu and 0.02% Mo (sulphide) - Winters | |
28,00,000 tons of 0.46% Cu (oxide) – PAH | ||
Peach Elgin | 13,700,000 tons of 0.78%Cu (sulphide) | |
9,700,000 tons 0.72% Cu (oxide) | ||
Broadtop Butte | 8,800,000 tons at 0.77% Cu, 0.04% Mo |
The Rosemont resource estimate above was first completed by Pincock Allen and Holt (PAH) on behalf of Anaconda and Amax (Anamax) in 1977 and the latest for Asarco by The Winters Group (Winters) in 1997. The Oxide Zone was subject to a PAH report date 1977 on behalf of Anamax. The Broadtop Butte resource was estimated by Anamax in 1979. The Peach Elgin resources were first drilled in 1955 and estimated in 1964 by Anaconda. Given that these resource estimates outline significant mineralization they are considered relevant. The work on the most part was performed by large integrated mining companies specifically Asarco, Anaconda Minerals and Amax Mining. Information that the Company reviewed that was the basis for these reports by PAH and Winters included drill core, drill logs, assay certificates and a full digital database of technical information. However, the Company has not done the work necessary to verify the classification of the resource and is not treating the resource figure as a NI 43-101 defined resource verified by a Qualified Person
Page 2
at this time and therefore the resource figures should not be relied upon by investors. The Company plans to release a NI 43-101 compliant report on the Rosemont resource by mid July 2005.
The Company intends to move the Rosemont project immediately to pre-feasibility which will include further infill drill testing and resource estimates. The Company has contracted Mine Reserves Associates Inc. and WLR Consulting Inc. of Denver as independent consultants for the resource/reserve analysis and pre-feasibility study. The Rosemont property has additional exploration potential and the Company plans to conduct further exploration drilling.
The Company has the right to purchase a 100% working interest in the property (which includes patented and unpatented claims, fee land and surface grazing rights) subject to a 3% NSR, for US$20,800,000 payable over a three y ear period. The Company has made the first payment of US$6,666,666.
In order to assist the Company to complete the Rosemont acquisition the Company has completed a convertible debenture for CDN$6,000,000. The debenture has a one- year term with 50% due in 6 months and the balance due in one year bearing interest at the rate of 9% per annum. At the option of the holder the debenture is convertible into 2,181,818 common shares of the Company at a price of $2.75 per share. At the option of the Company the repayment of the principal amount and accrued interest may be made in cash or by way of issuance of common shares. Any issuance of common shares towards the principal amount will be based on the 10 day trading average prior to the repayment less the applicable discount at the time of repayment. Any issuance of common shares towards accrued interest is priced at the market price at the time of repayment subject to TSX Venture Exchange acceptance. The Company has agreed to issue a bonus to the investors in the amount of 363,363 common shares of the Company at a deemed price of $3.30 per common share.
2. The Company also announced that it had arranged a brokered private placement of 2,000,000 units at $2.50 per unit for gross proceeds of $5,000,000 (the “Offering”). Each unit is comprised of one common share and one non-transferable share purchase warrant (“Warrant”). Each Warrant entitles the holder to acquire one common share (“Warrant Share”) at a price of $3.00 per Warrant Share for a period of two years. The Agent will receive a cash commission of 7% of the gross proceeds of the Offering and brokers warrants (“Broker Warrants”) equal to 10% of the number of units subscribed in the Offering. The Agent will also be granted an over-allotment provision to increase the Offering by an additional 2,000,000 units on the same terms as the Offering. The Broker Warrants will have the same terms as the Warrants under the Offering.
Proceeds from the Offering will be used towards the Company’s Rosemont and Mount Hamilton copper molybdenum properties and general working capital.
The above is subject to regulatory approval.
Item 6: Reliance on section 85 (2) of the Act
This
report is not confidential.
Item 7: Omitted Information
No information has been
omitted in this regard.
Item 8: Senior Officers
Richard W. Warke, President
or Purni Parikh - Tel: 604.687.1717
Item 9: Statement of Senior Officer
The foregoing
accurately discloses the material change referred to herein.
DATED at Vancouver, B.C. this 8th day of June 2005.
/s/ “Purni Parikh” | |
Name: Purni Parikh | |
Title: Corporate Secretary |
This ‘40FR12B’ Filing | Date | Other Filings | ||
---|---|---|---|---|
Filed as of: | 7/14/06 | F-X | ||
Filed on: | 7/13/06 | F-X | ||
6/8/05 | ||||
6/2/05 | ||||
6/1/05 | ||||
4/25/05 | ||||
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