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RADAR IRON LIMITED

ASX: RAD

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

Radar Iron is an iron ore exploration and development company focussed on increasing shareholder wealth by the development of iron ore mines that can be brought into production in the near term following acquisition or discovery. Radar's key projects are the:

The Yerecoin Magnetite Project was acquired in April 2014. With a 404Mt JORC resource and a comprehensive scoping study completed by the previous owners Radar is confident the project can be brought into production in the near term. Radar has an innovative development approach in which the project will be developed progressively to minimise the initial capital cost and reduce the technical risks associated with the processing and transport characteristics.

The Uruara Project in Para State Brazil (acquired in January 2014) lies adjacent to the Amazon River that provides several Port options for the direct shipping on iron ore. While being a grass roots exploration play, there is potential to rapidly drill test to prove up a mineable resource of high grade iron ore and rapidly bring the project into production.

Radar has defined both hematite and magnetite resources at the Central Yilgarn Project where Radar is one of the largest mineral rights holders in the region. The central Yilgarn region is recognised as one of Western Australia's most exciting new iron ore provinces has been the focus of increased exploration in recent years with several new iron ore mines in the planning stage along with existing operations. The WA State Government is progressing with the expansion of the Port at Esperance, planned for completion on 2015 which will enable new operations to commence exporting through this deep water port.

Mine For

iron ore, hematite, magnetite

Location of operation(s)

Western Australia, Brazil

Address

Suite 7 55 Hampden Road
NEDLANDS, WA, Australia

Phone

+61 8 9389 9919

Email

Website


Last Updated

19/3/2015

 

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.