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AMEX RESOURCES LIMITED

ASX: AXZ

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

Amex Resources Limited is an iron ore focused, mineral resources development company. Our core project is the Mba Delta Ironsand project in Fiji, where development activities are well advanced and the first magnetite concentrate is planned to be produced and shipped in 2012. We are also building a longer term resource pipeline through our iron ore project portfolio in Western Australia.

Amex Resources Limitedís main focus is its ironsands project based in the Mba Delta, Fiji. The project, which has an indicated JORC resource of 220 million tonnes @ 10.9% Iron is advancing rapidly to development. Pre-Feasibility and Bankable Feasibility Studies are scheduled for completion by October 2011, with production and shipment of the first magnetite concentrate expected in 2012.

Amex is also building an iron ore project portfolio in Western Australia with two projects of particular significance. The first is at Mount Maguire, a twelve square kilometre project in close proximity to the massive Channar iron ore mine. Previous rock chip sampling over the lease area has returned values of over 60% Iron with corresponding low silica and phosphorous.

Amex also secured an exploration licence for Paraburdoo South tenement as a result of a ballot held by the WA Department of Mines and Petroleum. This project is immediately south of Rio Tintoís significant Paraburdoo iron ore operations, and includes the economically important Brockman Iron Formation member as well as related detrital units.

Mine For

copper, gold, iron ore, silver, lead, nickel, platinum group elements, zinc

Location of operation(s)

Western Australia, Fiji

Address

97 Outram St
WEST PERTH, WA, AUSTRALIA

Phone

(61 8) 9480 0455

Email

Website


Last Updated

26/10/2011

 

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.