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YILGARN (MINERAL RESOURCES LTD)



Key Facts
Status: Advanced Exploration
Type of Work: Surface
Location: Western Australia, Australia
                 60 km North of KOOLYANOBBING

Commodities: Iron Ore
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Latest Information
October 27, 2009
Polaris Metals NL reported that a Stage 1 development of the first production targets, Carina and Chamaeleon, part of their Yilgarn ore project located in Western Australia, was planned with initial iron ore production of 3.5 - 4.5 Mtpa. Subject to a satisfactory completion of a feasibility study production is targeted for late 2011 or early 2012. Tenements in the Johnston Range project were highlighted as having significant potential with iron ore minerals exposures identified up to 1 km in lenght and widths of 40-50 m.
December 12, 2008
Polaris Metals announced that an updated resource estimate has been completed for its wholly-owned Carina deposit on the Yilgarn iron ore project in Western Australia. At a 55% Fe cutoff, the estimate resulted in an inferred mineral resource of 27.8Mt at 58.6% Fe.
October 22, 2008
Reported that the project currently encompasses five prospects with significant direct shipping ore (DSO) grade iron mineralisation. Some 80-90 Mt target potential was established by previous explorers’ drilling (Bungalbin East, J4 and J5), with new prospects (Carina, and Chamaeleon) discovered by Polaris. The Carina and Chamaeleon ore bodies are considered to have a higher immediate production potential; the resource potential of the two deposits is sufficient to justify a stage 1 development as indicated by the prefeasibility study completed in mid 2008.
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