Iron ore projects in the Kimberley Region of Western...

Iron ore projects in the Kimberley Region of Western Australia

Pluton has the exclusive right to earn up to 50% interest in five tenement applications prospective for iron ore through a joint venture with Portman, an established miner and co-owner of the nearby C*ckatoo Island Mine (3.5 Mt at 68% iron).
The Tenements include iron ore on Irvine Island, estimated by the Broken Hill Proprietary Company Limited (BHP) in the early 1970’s at 7.5 million tonnes of open-cut iron ore (open and untested at depth). Under the current JORC code, this is classified as an Exploration Result.
There is existing mining and port infrastructure in the region, including that co-owned by Portman in joint venture with Henry Walker Eltin.
The Tenements are strategically located for Chinese and Indian markets.