400 million tonnes – Detrital Channel Iron TargetPrairie Downs...

400 million tonnes – Detrital Channel Iron Target
Prairie Downs Phase 1 Drilling Completed
Exploration Target Detrital Channel Iron ‐ 1 billion tonnes

• Spearhole Channel Iron Deposit is estimated to contain an initial exploration target
deposit of ~400 million tonnes1 and is open and un‐tested to the south and southwest

• Drilling has identified a Detrital Channel Iron Deposit (“DID”) in the Spearhole Prospect
exceeding 15m thickness from the surface, over an area of 8.4km2 (8,400,000m2)

• Assay results on the bulk of the 9,979 metres in the 305 holes drilled are pending

• Preliminary results from the first 30 holes (10% drilled) of northern part of the 400M
tonnes initial target confirm persistent intersections of haematite‐rich detritals and
iron pisolites over deep zones with wide intercepts (up to 40m) from surface

• Follow up test work and assessment is being undertaken on bulk samples of those
intersections which show encouraging preliminary results to:

1. assess the beneficiation processes required to remove clay and free silica to
produce a high grade iron ore product; and,

2. define which parts of the 400M tonnes target identified so far contain commercial
tonnes and grades which could be viable to mine, process and export.

• Dynasty’s exploration target deposit is of the order of 1 billion tonnes of commercial
grade Detrital Channel Iron on its Prairie Downs tenements

• This exploration target deposit is in addition to the Bedded Iron, DSO Marra Mamba
intersections previously announced.