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Bob Duffin, Executive Chairman
Western Plains Resources (WPG)
www.westernplainsresources.com.au
The company has an advanced direct shipping iron ore project and a magnetite deposit in the Peculiar Knob and Hawks Nest areas of the Gawler Craton, south of Coober Pedy. A Bankable Feasibility Study has been completed for the development of the Peculiar Knob and Buzzard DSO deposits. Initial resource development will be directed towards the Peculiar Knob, Buzzard and Tui haematite deposits (combined resource of 37.4 million tonnes @ 62.6% Fe) that the Company plans to bring into production at 4.5 Mt per year of DSO, for a ten project mine life. The Hawks Nest tenement also contains over a half a billion tonnes of magnetite as banded iron formation, with significant exploration upside.
Andrew Stocks, Managing Director
Iron Road Limited (IRD)
www.ironroadlimited.com.au
Iron Road is on track to become a substantial producer of high quality iron ore concentrates. The key to this strategy is the development of the Central Eyre Iron Project in the Eyre Peninsula of South Australia. The current mineral resource of this magnetite gneiss deposit is 328Mt at 17.3% Fe and the company has an internal goal of increasing the resource to 500Mt in the 2010 calendar year. The exploration potential is in excess of 3Bt. Iron Road intends to feed the iron pellet and concentrate markets of Asia, Europe and the Middle East, commencing with the production of 10 million tonnes of ~70% Fe concentrate product per annum.
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