Mt Walkins Project

CAZ: 100%

The Mt Walkins Project is made up of a single granted Exploration Licence E47/1561, covering approximately 67km2. The tenement is situated to the immediate south of the Wittenoom townsite.

The Project is prospective for bedded iron deposits (BIDs) with previous drilling confirming the presence of high-grade iron ore from the Dales Gorge Member. The project is also very close to road and railway infrastructure.

A portion of the ground which E47/1561 currently occupies was previously held by Westraint Resources Pty Ltd (a subsidiary of Hancock Prospecting Pty Ltd, previously Hancock Resources Ltd) under the Temporary Reserve 5616. TR5616 is party to the Iron Ore State Agreement – Iron Ore (Wittenoom) Agreement Act 1972.

Early exploration was focused on small deposits (>50Mt) of scree ore which was eroded from the Brockman Iron Formation in the upper levels of the Bee Gorge and Wittenoom Gorge.

Recently the focus on TR5616 has been on bedrock mineralisation from the Dales Gorge Member. The prospective tonnage on TR5616 for Hancock Resources is currently stated at 430Mt (Hancock Prospecting Presentation at Metal Bulletin’s China Iron Ore Conference in Assoc. with China Minmetals Corp, 2006).

During a drilling program completed by Hancock Resources a hole was drilled on ground currently held by Cazaly Iron Pty Ltd. The drill hole, FS157, was highly encouraging, 18m @ 55.3% Fe, terminating in high-grade Dales Gorge Member, with 2m @ 60.6% Fe.