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BRAZIRON LTD

ASX: BZL

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Description

Jun 30, 2016 - The securities of BrazIron Limited (the "Company" ) will be suspended from quotation and removed from the official list of ASX Limited ("ASX" )

BrazIron’s mission is to be a significant ferrous metals producer in Brazil. The Board of Directors has developed a strategic plan to achieve this goal and this strategic plan will continue to evolve as internal and external influences dictate.

BrazIron is an exempted company incorporated in Bermuda. The company has acquired tenure over a number of iron ore projects, some of which have already been drilled. Further details of the projects are available in the projects section of the site.

BrazIron intends to focus on exploration on the Xique Xique Tenements with the aim of delineating a JORC compliant resource on these Tenements. Exploration drilling will also be conducted on the F1 project.

Bahia Iron

* 51% BrazIron
* Locations (Xique Xique, Macaubas, Jacaraci)
* Itabirite Ore: In-Situ grades 28% – 45% Fe
* High Quality Processed Ore 63% – 68% Fe

BrazIron has interests in a joint venture comprising tenements covering a total area of 31.5 km2 in the Bahia Iron District.

F1 Project

* 75% BrazIron
* In-situ grades 50% – 65% Fe
* DSO Lump & Fines

The F1 Project is located 10km southwest of the small township of Itagi and 40km south of the city of Jequie in the southeast of Bahia state. The Project comprises two granted Prospecting Permits covering an aggregate area of 0.87km˛. The F1 Project is at an extremely early stage of exploration, with no systematic sampling or drilling having been undertaken.

Xingu Project

* 100% BrazIron
* High Grade 60% – 66% Fe
* DSO Lump & Fines

The Xingu Project (located in Para state) comprises seven prospecting permits (one granted, three under partial extensions and three under application) covering an aggregate area of 34km˛, located along the southern margin of the east-west trending Amazon Basin rift. The mineral potential of the Amazon Basin is essentially unknown, with only limited government surveys and extremely limited exploration having been completed. This document is one of the first to publicly recognise that iron mineralisation exists within this region.

BrazIron has completed preliminary pitting, trenching and drilling which has defined narrow intervals between 3 to 10m at between 50 and 55% Fe.

The Xingu Project is at a relatively early stage of exploration, with limited systematic sampling or drilling having been undertaken.

Mine For

Iron Ore

Location of operation(s)

Brazil

Address

Suite 5, Level 3 38 Richardson Street
WEST PERTH, WA, Australia

Phone

+61 8 9485 0039

Email

Website


Last Updated

17/5/2011

 

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.