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PILBARA MINERALS LTD - ASX: PLS
The data on Australian Shares.com is intended as a guide only and is compiled from information in the public domain. Data on this website should not be used to make an investment or trading decision.
Description
Pilbara Minerals Limited has interests in four project areas in the West Pilbara region of Western Australia and an exclusive option to acquire a single project in Bengkulu Province, Sumatra, Indonesia.
The project areas in the West Pilbara, known as Mt Wohler, Pyramid, Maitland and Kylena cover approximately 1,715 square kilometres and are considered to be prospective for base metals, PGE and/or gold mineralisation associated with concealed greenstone sequences or layered mafic – ultramafic intrusions.
0Previous exploration over the Company’s West Pilbara project areas has been reasonably limited. A regional aeromagnetic survey completed by the Bureau of Mineral Resources, Geology and Geophysics (“BMR”) in the mid 1980’s identified a number of magnetic highs beneath Fortescue Group rocks in this portion of the West Pilbara which have formed the basis of the majority of subsequent exploration activity. The magnetic highs have been interpreted as having potential to represent concealed greenstone sequences or layered mafic - ultramafic intrusions in the Archaean basement rocks. There has been no drilling or modern geophysics completed on any of these targets.
0The Seluma Iron Sands Project in Bengkulu Province, Sumatra, consists of a single lease considered to be prospective for iron rich heavy mineral sands within beach sands and sand dunes.
Previous exploration by the project vendors, PT Pringgondani Rizki Utama (“PT PRU”), and Pilbara has involved three separate shallow sampling programs and a two limited drilling programs, with the majority of this activity focused within the central portion of the lease.
Mine For
iron ore, gold, nickel, zinc
Location of operation(s)
Western Australia, Indonesia
Address
Level 5, 2 Blight St
SYDNEY, NSW, Australia
Phone
(61 2) 8252 9223
Website
http://www.pilbaraminerals.com.au/
Last Updated
30/6/2011
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.
