I think it's worth reflecting on where Polaris and Gondwana have...

I think it's worth reflecting on where Polaris and Gondwana have been and are heading given that Gondwana and Polaris were very close to entering a jv and new listing through combining various assets they shared in W.A.
POL have been in the spotlight with some focus on where their pre feas' is tracking. They were preparing to join forces with GDA but chose a different path which indicates the GDA interest in the west are in Fe and Au and other minerals is still very much contained within Gondwana's ability to determine path of exploration and mining. I first bought POL in 2006 at 22c. I sold later that year at 29.5c.I don't currently hold PLO.

This is copied from the hc POL thread a couple of hours ago and illustrates the excellent potential path GDA could follow.

polaris in mining news
Forum: ASX - By Stock (Go Back)
Code: POL - POLARIS METALS NL (Google POL)
28/01/08 13:58 (View) Back Post Reply Options:
Sally_Will
Post #: 2500258
Start of thread:
IP: 202.7.xxx.xxx
Sentiment: Hold
Disclosure: Stock Held
Views: 8



PFS tracking well for Polaris

Rebecca Lawson
Monday, January 28, 2008

POLARIS Metals is on track to complete the prefeasibility study in mid-2008 over its Yilgarn iron ore project in Western Australia and has appointed several key contractors to help with the task.



Under the management of engineering consultants Prodemas International, Polaris has appointed WestNet Rail, Fremantle Ports, ProMet Engineers and Coffey Natural Systems to manage different components of the PFS.

The PFS will assess the economics of mining and exporting ore from the Yilgarn region to the Kwinana Port via a rail link.

Last year's study showed the project's viability based on a 100-200 million tonne target potential which would be sufficient over a 10-20 year mine life at a processing rate of up to 10 million tonnes per annum.

Meanwhile drilling has resumed at the Chamaeleon prospect and will continue onto the Vela, J4 Extension and Musca prospects. Additional drilling is planned for the Carina prospect.

Shares in Polaris closed up 6c or 10.7c to 62c on Friday.