Good announcement in my view
West Pilbara Iron Ore Project – Channel Iron Deposits
Resource estimates have been compiled by API staff and Golder Associates for the Cardo
Bore East, Cardo Bore North, Catho Well, Catho Well North, Cochrane, Jewel, Kens Bore,
Trinity Bore and Upper Cane channel iron deposits (“CID”) located in the western Pilbara.
The Catho Well deposit is located in the Mt Stuart Joint Venture area (API 70%, Cullen
Resources Limited 30%), while the remaining ore bodies are located in the Red Hill Joint
Venture area (API 60% earning 80%, Red Hill Iron 40% reducing to 20%).
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