SEC Info  
    Home      Search      My Interests      Help      Sign In      Please Sign In

Augusta Resource Corp – ‘40FR12B’ on 7/13/06 – ‘EX-99.26’

On:  Thursday, 7/13/06, at 5:59pm ET   ·   As of:  7/14/06   ·   Accession #:  1062993-6-2010   ·   File #:  1-32943

Find Words in Filings emoji
 
  in    Show  and   Hints

  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

Registration of Securities of a Canadian Issuer — SEA’34 §12(b)   —   Form 40-F
Filing Table of Contents

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 


EX-99.26   —   Material Change Report Dated April 7, 2006


This Exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]



 <! 
  Filed by Automated Filing Services Inc. (604) 609-0244 - Augusta Resource Corporation - Exhibit 26  
 <> 

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 (“Augusta” or the “Company”)
400 - 837 West Hastings Street
Vancouver, B.C. V6C 3N6

Item 2: Date of Material Change

March 27, 2006 and March 31, 2006

Item 3: Press Release

March 27, 2006 and April 3, 2006

Item 4: Summary of Material Change

On March 27, 2006, Augusta announced the commencement of a 20,000-meter diamond drill program at its Rosemont, Arizona, copper/molybdenum project. The objectives of the program are as follows:

-

Increase the current measured and indicated resource by upgrading the existing inferred resource at the Rosemont deposit.

-

Provide better definition of near surface oxide -copper mineralization.

-

Provide better definition of silver and gold mineralization in the Rosemont deposit.

-

Acquire geotechnical data to support pit slope designs.

-

Initiate exploration for additional resources in the Broadtop Butte area.

On April 3, 2006, Augusta announced that it had fully exercised its option to purchase the Rosemont property in Pima County Arizona. On March 31, 2006, the Company paid the remaining balance of $CAD 16.1 million, under its purchase option agreement. Augusta now owns a 100% interest in the Rosemont property subject to a 3% NSR.

Item 5: Full Description of Material Change

On March 27, 2006, the Company announced the commencement of a 20,000-meter diamond drill program at its Rosemont, Arizona, copper/molybdenum project. The program will have several objectives:

-

Increase the current measured and indicated resource by upgrading the existing inferred resource at the Rosemont deposit.

-

Provide better definition of near surface oxide -copper mineralization.

-

Provide better definition of silver and gold mineralization in the Rosemont deposit.

-

Acquire geotechnical data to support pit slope designs.

-

Initiate exploration for additional resources in the Broadtop Butte area.

Rosemont Mineral Resources

The Rosemont copper deposit contains 6,450,000,000 lbs of copper equivalent (442,000,000 tons at 0.73% Cu equivalent) in the Measured and Indicated Category and a further 1,930,000,000 lbs (145,000,000 tons at 0.67% Cu equivalent) in the inferred category at a 0.2% Cu cut-off. (Equivalency calculation based on a price ratio of $1.25/lb Cu to $18.00/lb Mo, with no applied recovery factors.)

Program Details

1) Resource Upgrade
The copper resource remaining in the Inferred category of the previously announced Rosemont Mineral Resource presents an attractive opportunity to add significantly to the Rosemont Measured and Indicated Mineral Resources. The drilling program will focus primarily on this opportunity to expand the existing Rosemont resource.


Page 2

2) Oxide Cu Program
Augusta has also embarked on a study of the potential for a leachable oxide copper deposit in the upper part of the Rosemont deposit. This study is prompted by existing drill-core assays for acid-leachable copper, and the observation of locally abundant malachite, chrysocolla and similar copper minerals in old core from three main rock types that overlay the sulphide deposit: andesite, arkosic sediments and quartz monzonite intrusive. The amenability to acid-leach extraction of copper from all three of these rock types is currently being tested in column-leach tests at Mountain States R&D International in Tucson, Arizona. The upcoming drilling campaign, in conjunction with a recently started program of re-assaying the old core for oxide-copper material, will further define the limits and grade of potentially leachable oxide copper in the upper part of the Rosemont deposit.

3) Silver and Gold Mineralization
The Rosemont deposit contains significant, but still incompletely quantified, amounts of silver and gold.
Anaconda and Anamax only partially assayed core for silver and gold, so Augusta has embarked on a program of assaying old core that will permit inclusion of gold and silver grades in future resource calculations.

4) Geotechnical Studies
Augusta has contracted Call & Nicholas, Inc. of Tucson, Arizona, to carry out the geotechnical studies necessary to determine pit slopes and other parameters necessary for pit designs. Drilling for subsurface geotechnical data will be carried out in the current program under the technical supervision of Call & Nicholas.

5) Broadtop Butte Exploration
Broadtop Butte carries a Historical Resource, estimated by Anamax in 1979, of 8,800,000 tons averaging 0.77% Cu and 0.04% Mo. Several holes in the current Augusta program will test for extensions of this historical resource. Success in this initial program would lead to more intensive exploration of this deposit. Augusta has not done the work necessary to verify the classification of the Broadtop Butte resource and is not treating the resource figure as a NI 43-101 defined resource verified by a Qualified Person at this time and therefore the resource figures, should not be relied upon by investors. However, given that this resource estimate outlines significant mineralization, it is considered relevant.

Qualified Person
This drill program will be conducted under the guidance and supervision of Mike Clarke, VP Exploration for Augusta Resource. Dr. Clarke, who is a designated Qualified Person, has a Ph.D. in Geology, over thirty years of international industry experience and the ability and authority to verify the data generated. Mr. Bill Rose of WLR Consulting, an independent Qualified Person, will update the Mineral Resources.

Also, on April 3, 2006, the Company announced that it had fully exercised its option to purchase the Rosemont property in Pima County Arizona. On March 31, 2006 the Company paid the remaining balance of $CAD 16.1 million, under its purchase option agreement. Augusta now owns a 100% interest in the Rosemont property subject to a 3% NSR.

Gil Clausen, President and Chief Executive Officer said “The 100% ownership of Rosemont gives us added flexibility as we advance through permitting and feasibility work. With the proceeds from the Private Placement announced on March 17, 2006, Augusta expects to be fully funded through to a project financing decision.”

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


Page 3

Gil Clausen – President and CEO, Tel: 303-300-0134
Richard W. Warke – Chairman, Donald B. Clark – Chief Financial Officer,
Purni Parikh – Corporate Secretary, 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 7th day of April 2006.

/s/         “Purni Parikh”  
Name:    Purni Parikh  
Title:      Corporate Secretary  



Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘40FR12B’ Filing    Date    Other Filings
Filed as of:7/14/06F-X
Filed on:7/13/06F-X
4/3/06
3/31/06
3/27/06
3/17/06
 List all Filings 
Top
Filing Submission 0001062993-06-002010   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

Copyright © 2024 Fran Finnegan & Company LLC – All Rights Reserved.
AboutPrivacyRedactionsHelp — Tue., Apr. 23, 7:03:00.1pm ET