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SHREE MINERALS LTD - ASX: SHH
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Description
Shree Minerals Limited is an Australian diversified mineral exploration and mine development company whose vision is to create shareholder value through the successful exploration of prospective mineral tenements and the development of these ore bodies into production.
Shree has a portfolio of projects within Tasmania of the scale and diversity to provide a continuously active exploration program with early production opportunities. The legislative environment in Tasmania is well defined and development of the mining industry is encouraged by Government.
The Nelson Bay Iron Ore Project (ELs 41/2004 & 54/2008) covers the Nelson Bay Magnetite deposit with Inferred Mineral Resources reported to JORC guidelines. Drilling will look to enlarge the deposit and improve the quality of the resource, currently standing at 6.8Mt @ 38.2% magnetite at a 20% magnetite cut off. In addition exploration work will look follow up recent drilling of near surface iron oxide mineralisation in an attempt delineate direct shipping ore. Exploration of additional magnetic targets will also be undertaken.
The Adamsfield Licence (EL 11/2006) contains platinum group mineralisation attributed to the ultramafic rocks of the Adamsfield Ultramafic Complex. Shree Minerals has advised that it will explore for economic platinum group mineralisation using new geological concepts for the formation of stratiform platinum group elements within ultramafic rocks.
The Sulphide Creek tenement (EL 43/2004) is an advanced project with wide zones of poorly understood low grade gold mineralisation hosted in Ordovician clastics and limestones proximal to a major fault.
The Catamaran exploration licence (EL 32/2005) is an advanced prospect warranting further exploration to define an open cut coal resource. Historic exploration results for coal deposits have been reported to JORC guidelines.
The Mt Sorell tenement (EL 42/2008) hosts an untested base metal soil anomaly at the southern end of the world class Cambrian-aged Mount Read Volcanic base metal province, which hosts the Rosebery, Hellyer and Mount Lyell mines. The area also contains favourable stratigraphy and structural interaction to provide potential for Henty Mine-style gold mineralisation.
The Mt Bertha property (EL 42/2004) is a large tenement with a series of discrete magnetic anomalies associated with a major, magnetically defined structure. Targets include iron ore (Savage River-style), nickel (Avebury-style), iron oxide/copper-gold mineralisation and structurally controlled gold deposits.
Mine For
platinum, iron ore, gold, copper, coal
Location of operation(s)
Tasmania
Address
Level 1, 16 St Georges Tce
PERTH, WA, Australia
Phone
(61 8) 9386 9850
Website
Last Updated
2/5/2011
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.
