Exploration activities have defined significant JORC-compliant magnetite resources within the Project (incorporating the Main and South zones) totaling 247 Mt @ 29.9% Fe producing a 68.1% Fe concentrate (32.1% DTR). A number of historical studies have also been completed and the potential for economic mining established.
The potential for “Julimar Style” PGE-Cu-Ni mineralisation has also been established and requires immediate follow up work.
The Yerecoin Project
The Yerecoin Project comprises Exploration Licenses 70/2733 and 70/2784, located 120km NNE of Perth in the Shire of Victoria Plains and covering an area of 105.5 km2. Easily accessible from the Great Northern Highway and situated around and between the towns of Yerecoin and Calingiri.