Menu

Australian Shares is the world's biggest free online database of information on Australian resource companies.

Time to Update your company profile
Australian Shares

KOGI IRON LIMITED

ASX: KFE

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

KOGI IRON LTD formerly Energio Limited (ASX Code EIO) is an ASX listed company focused on the exploration and development of the Agbaja Plateau iron ore project in Nigeria.

Energio has multiple 100% owned large scale exploration projects in Nigeria and is backed by an experienced board with a track record of developing and financing large scale resource projects.

The granted license areas for exploration are situated in Kogi State which is part of the central region of Nigeria. Kogi State is home to the largest iron and steel factory in Nigeria with the full backing of The Federal Government of Nigeria with its vision of being among the top 20 industrialised nations in the world by 2020.

The licences contain magnetite in BIF and iron rich oolitic deposits with an exploration target of 1 billion - 2 billion tonnes of potential iron mineralisation grading an average of greater than 40% iron. The potential quantity and grade is conceptual in nature at this stage as there has been insufficient exploration to define a Mineral Resource under the JORC Code.

Close proximity of the licences to existing infrastructure provides potential advantages in reduced capital expenditure and allows fast track project development.

Energio aims to complete its current RC drilling program by July 2012 with a target of maiden JORC resource in Q3 2012.

Mine For

iron ore

Location of operation(s)

Nigeria

Address

13 Colin St
West Perth, WA, Australia, 6005

Phone

(08) 9200 3456

Email

Website


Last Updated

11/7/2012

 

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.