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APOLLO MINERALS LIMITED - ASX: AON
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Description
Apollo Minerals is an Australian iron ore exploration company listed on the Australian Securities Exchange (ASX:AON). Apollo Minerals is advancing two 100%-held projects - the Mount Oscar Project in the Pilbara region of Western Australia and the Commonwealth Hill Project in South Australia.
At Mount Oscar, Apollo Minerals has a total exploration target of 500 million tonnes of magnetite-bearing banded iron formation (BIF) grading 31-37% Fe.
The Mount Oscar Project is well placed, being 25km south of the port of Cape Lambert and close to proposed multi-user Ankatell Point port. The project is close to existing roads, rail and towns such as Karratha, the major regional centre.
Two drilling programmes have been completed testing two magnetite targets. Both programmes returned encouraging intersection widths of up to 271 metre and iron head grades of up to 37% Fe, and metallurgical testwork is ongoing with the intention of producing saleable concentrates from both targets.
Apollo Minerals' Commonwealth Hill tenements are located near to some of South Australia's world-class uranium, iron ore and base metal projects including the iron oxide-copper-gold-uranium (IOCGU) deposits at Olympic dam and Prominent Hill.
Interpretation of ground magnetic data collected in 2009 has indicated strong potential for considerable intersections of magnetite-rich mineralisation.
Mount Oscar and Mount Oscar East
* Large Iron Ore Target - 500 million tonnes.
* Close to transport and ports - railway passes through site.
* Large ore body, open at depth.
* Proximity to markets.
* Initial drilling programmes intersected significant mineralisation.
Commonwealth Hill
* Large gravity anomaly found at Wirrida Complex.
* Interpretation indicates possible presence of relatively thick magnetite-rich horizons.
* Combined strike length of about 7-8 km.
* Significant potential for the discovery of IOCG Uranium deposits.
* World-class location: Challenger Gold Mine, Olympic Dam.
Mine For
iron ore, copper, gold
Location of operation(s)
South Australia, Western Australia
Address
Level 9, 50 Margaret St
SYDNEY, NSW, AUSTRALIA
Phone
(61 2) 9078 7665
Website
Last Updated
26/04/2011
The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.
