NORTHWEST RESOURCES LIMITED 
By RELEASE
5 October 2012
Placement completed to fund Blue Spec Shear Gold- Antimony Project to DFS
Northwest Resources Limited (ASX: NWR, "Northwest" or "the
Company") is pleased to announce that it has received firm
commitments for a private placement of 26.3 million fully
paid ordinary shares (Placement Shares) at an issue price of
$0.12 per Placement Share to sophisticated and professional
investors in Australia to raise approximately $3.15 million
(before costs) (Placement). Taylor Collison Limited acted as
lead manager and underwriter to the Placement.
Northwest intends to use the proceeds raised from the
Placement to finalise the definitive feasibility study and
material permitting for the Blue Spec Shear Gold-Antimony
Project. The Company will also undertake an infill diamond
drilling programme at the Blue Spec & Gold Spec deposits to
enable a maiden Ore Reserve estimate for the project to be
prepared.
As the issue of the Placement Shares was within the Company's
15% issue capacity under ASX Listing Rule 7.1, approval for
the issue of the Placement Shares is not required from
Northwest's shareholders.
Northwest's vision for the Blue Spec Shear Gold-Antimony
Project is to bring the Blue Spec and Gold Spec deposits into
production in 2013 as a high-grade narrow vein underground
mining operation producing a gold enriched antimony
concentrate for direct sale and then to expand the project
through the discovery of additional high-grade deposits along
the 14km shear zone.
John Merity Managing Director T: 02 9267 7661
E: jmerity@nw-resources.com.au
Northwest Resources Limited | ACN: 107 337 379 | ASX code: NWR | www.nw-resources.com.au
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