�� WONARAH PHOSPHATE PROJECT • Rock phosphate price is currently 7-8 times greater than it was a year ago. • Pre-feasibility studies have begun and are on schedule. • Drill programmes for resource definition and to obtain samples for metallurgical testing leading to plant design start in early April.
�� TASMANIAN TIN AND TUNGSTEN • Strongly increasing tin price favours early commitment to development studies on at least one of the deposits. • Portable assay equipment has been obtained for evaluating the potential for by-product mineral production on each of the tin/tungsten deposits. • Storey’s Creek and Aberfoyle re-assaying results are encouraging but further work is required.
�� FRASER IRON PROJECT • Interpretation of the Company’s detailed aeromagnetic survey has indicated priority targets for drill follow-up.
�� MOINA FLUORSPAR AND POLYMETALLICS PROJECT • Metallurgical evaluation is ongoing.
PLANNED WORK PROGRAMMES FOR THE JUNE QUARTER
Minemakers will focus on the following tasks in the June Quarter:
�� WONARAH PHOSPHATE • Continuation of pre-feasibility studies. • RC drilling to test the Main Zone of known mineralisation, and also the underlying Quartz Breccia unit, with the aim of enabling new JORC compliant resources to be independently estimated. The Arruwurra Prospect, which is characterised by direct shipping grades at surface, will also be drilled out. • Diamond drilling to obtain material for metallurgical testwork samples, geotechnical studies and RC assay validation. • Initiation of field environmental studies and hydrological studies.
�� MOINA FLUORSPAR AND POLYMETALLICS • Continued metallurgical assessment. • Broad spectrum assaying to ascertain the full potential of the mineralisation. • Infill assay of all available drill core to provide the basis of new resource estimates.
�� TASMANIAN TIN AND TUNGSTEN • Multi element assaying of Mines Department drill core for the Storey’s Creek, Aberfoyle, Royal George and Anchor deposits to determine the potential for future polymetallic byproduct production, in addition to the tin and/or tungsten.
�� FRASER IRON • Completion of interpretation of recently acquired aeromagnetic data. • Drilling of “hot-spot” targets, subject to confirmation of drilling contractor availability. • Seeking joint venture partners for this valuable, but non-core, asset.
�� TASMANIAN URANIUM • Follow-up of anomalies generated from the Company’s and the Mines Department’s radiometric surveys flown in late 2007.
�� TAY-MUNGLINUP NICKEL, GOLD AND URANIUM • Joint Venture Manager, Jutt Holdings Ltd, is expected to follow up the radiometric and electromagnetic targets generated during the March Quarter from its detailed airborne surveys. Drilling is to be planned.
AEV Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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