CUSCO



Key Facts
Status: Advanced Exploration
Type of Work: Surface
Location: Cusco, Peru
                 59 km SSE of Cuzco

Commodities: Iron Ore
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Latest Information
December 31, 2012
Strike Resources Ltd. provided an acquisition update for APURIMAC, Peru.
June 17, 2011
Strike Resources Ltd., announced resource estimation for Cuzco, Peru.
February 11, 2009
The conceptual studies being undertaken in relation to a possible lump iron ore mining operation for its Cuzco iron ore project is completed utilising high grade (+60% Fe) near surface hematite for transport to the Port of Matarani through a combination of trucking and rail transport. The study has indicated an estimated capital cost of approximately US$156.6 million and an estimated operating cost of US$73.08/tonne. Having reviewed the study and based upon current and projected prices for the proposed iron ore product relative to estimated operating costs, Strike does not believe this one million tonne per annum lump iron ore operation presently represents an economically viable proposition. As such Strike does not believe it is appropriate to conduct any further work on a trucking/rail operation from the Cuzco Project area.

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