Projects
| PROJECT | STATUS |
|---|---|
| Mt Marion Lithium |
Resource of 10.5 million tonnes @ 1.4% Li2O for 146,500 tonnes of contained Li2O. The resource is open along strike and down dip. The Joint Venturer Partners expect to mobilise a processing plant and related equipment with a production rate of 17,000 tonnes per month of +6.5% Li2O concentrate in 2010, subject to a decision to mine and obtaining all necessary approvals. |
| Barrambie Vanadium |
Definitive Feasibility Study into the production of ferrovanadium was completed in May09. An MOU for the offtake of the entire production during the first ten years has been signed with a major commodity trader. |
| Comet Vale Gold |
Operations currently on hold while appropriate ore treatment options are sourced. The total Indicated and Inferred Mineral Resource now comprises 534,000 tonnes at an average grade of 10.8g/t Au for 186,000 ounces of gold. |
| Mt Finnerty Iron |
Cliffs Natural Resources has earned an eighty per cent interest in Reed Resources' Mt Finnerty Iron Ore project. Cliffs are targeting an initial resource of 5-10Mt of DSO to complement their Koolyanobbing operations. |
| Mt Finnerty Nickel |
Previous exploration in the area by Western Mining Corporation (WMC) during the 1970s discovered a gossan; and two vertical drill holes in a subsequent drilling program intersected 1.34% Ni (BRFP28) and 1.14 % Ni (BRFP21) each over an interval of 3 metres. In addition, four highly anomalous soil geochemical anomalies have been identified that are coincident with the basal ultramafic/basal contact, spread over 10km of strike. |
| Bell Rock Range |
Anglo American Exploration can earn 75% by spending AUD$3m. Bell Rock Range is highly prospective for several commodities, particularly Ni-Cu sulphide and PGE mineralisation. |
| Comet Vale Nickel | Low intensity exploration. |
| COMMODITY | PROJECT |
|---|---|
| STEEL | Barrambie |
| Mt Finnerty | |
| LITHIUM | Mt Marion | GOLD | Comet Vale |
| Mt Finnerty | |
| NICKEL | Mt Finnerty |
| Bell Rock Range | |
| Comet Vale |

