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METEORIC RESOURCES NL - ASX: MEI
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Description
Meteoric Resources is an iron, gold and base metal explorer with a portfolio of projects in Western Australia and the Northern Territory ranging from grass roots to resource definition stage.
Originally, Meteoric was the result of a spin-out of gold and copper-gold assets from Image Resources under a joint venture agreement and listed on ASX in 2004. Meteoric has earned 100% of Image’s interest at Wilthorpe (Image interest 90%) and Warrego North (Image interest 100%), Image retaining a 1% gross royalty in these projects. Meteoric has also earned a 30% in interest in the Scorpion Well and Mt Remarkable nickel prospects under a second joint venture with Image.
Meteoric has a 100% interest in iron projects at Coorara and Robinson Range which are becoming an increasing focus for the company following encouraging exploration results. In addition, Meteoric continues to enhance its iron-oxide-copper-gold prospects in the unexplored Webb area of the West Arunta region.
Project Summary
· At least five target areas with potential for direct shipping hematite-goethite iron ore identified within a 40km strike length of banded iron formation at Coorara in proximity to the Kalgoorlie-Kwinana standard gauge railway line.
· High grade hematite-goethite in outcrop at Robinson Range in the emerging Mid West iron ore province of WA.
· Commencement of drilling on the first of four iron oxide-copper-gold (IOCG) targets in the unexplored Webb area of the West Arunta region of WA
· A 61,000oz gold resource outlined at Wilthorpe.
· Evaluation in progress on a 600sq km gold project centred on the old Tibooburra gold field in New South Wales.
Mine For
gold, copper, nickel, iron ore
Location of operation(s)
Western Australia, Northern Territory, New South Wales
Address
Level 2, 16 Ord St
WEST PERTH, WA, AUSTRALIA
Phone
(61 8) 9485 2836
Website
Last Updated
7/3/2011
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.
