Projects
| PROJECT | STATUS | |
|---|---|---|
| BLUE SKY | Barrambie Vanadium Project |
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. |
| Mt Marion Lithium Project |
Targeting a mineral resource of 7-8Mt at ~1.5% Li2O based on historical reserves. |
|
| 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. |
|
| Mt Finnerty Iron Ore |
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. |
|
| 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 |
Heron Resources has agreed to spend $400,000 in order to earn a 70% interest in part of the Comet Vale Nickel Project. |
|
| GROWTH | Comet Vale Gold |
Targeting production of around 35,000oz p.a. The system is open at depth and along strike. |
| CASHFLOW | Comet Vale Gold |
In production under JV with Kingrose Pty Ltd (50%). |
| COMMODITY | PROJECT |
|---|---|
| STEEL | Barrambie |
| Mt Finnerty | |
| LITHIUM | Mt Marion | GOLD | Comet Vale |
| Mt Finnerty | |
| NICKEL | Mt Finnerty |
| Bell Rock Range | |
| Comet Vale |
