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PLUTON RESOURCES LIMITED

ASX: PLV

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Description

Pluton Resources Limited has a diversified portfolio of exploration tenements in Western Australia and Tasmania. Pluton’s aim is to create shareholder value by acquiring projects that have had some exploration and/or mining history, developing them and taking them through to production either independently or with a high quality end user or Joint Venture partner.

The Company’s current interests focus on Cockatoo Island and Irvine Island – two of the three islands that make up the Kimberley Iron Ore Hub (“KIOH”) in Yampi Sound, Western Australia as well as four tenements in Collier Bay.

The three islands share the same ore body with the KIOH being a centre of mining for more than 60 years (BHP Billiton commenced production at Cockatoo Island in 1951) and is the location of the first iron ore exports from Australia in the 1950s. Cockatoo Island has historically produced Direct Shipping Ore (DSO), with average grade above 63% over the last 3 years with ultra low levels of Phosphorus, Aluminaand Sulphur. The high grades, low impurities, existing infrastructure, ready access to seaways and being one of the closest sources of mined iron ore in Australia to China makes the KIOH very attractive for further exploration and increased production.

Mine For

iron ore

Location of operation(s)

Western Australia, Tasmania

Address

Level 2, 5 Ord Street
WEST PERTH, VIC, AUSTRALIA

Phone

+61 8 6145 1800

Email

Website


Last Updated

26/3/2015

 

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.