ASX Announcement
21 October 2008
Significant Potential for Major New Iron Ore Province
Highlights:
Preliminary field reconnaissance confirms extensive exposure (over 100km) of
sedimentary iron ore, with many assays over 40% Iron, and low Phosphorous.
Beneficiation studies planned
Project location on northern edge of the Surat Basin adjacent to large developed gas
fields, towns, road, rail and other infrastructure
Potential for local industry integration
Additional applications lodged to cover extra targets
D’Aguilar Gold Limited (ASX Code: DGR) and it’s wholly owned subsidiary Ridge Exploration
Pty Ltd are pleased to announce the key findings of a six month preliminary study and field
reconnaissance program.
Ridge was incorporated to apply for exploration licences for sedimentary iron ore over
parts of the northern Surat Basin and other areas where previous work has identified
sedimentary iron ore development with over 40% iron content. While over the past 40
years the mining industry has concentrated on the exploitation of haematite ores grading
over 55% iron, it has been overlooked that for most of the history of the iron and steel
industry (many centuries) iron ore grading 35+% was the accepted standard. These lower
grades are still mined throughout North America and Europe. Given that the Ridge target
areas are situated adjacent to massive coal and gas fields, and given relatively high prices
for iron ore, there is potential for lower than currently used grades of iron ore to be
profitably exploited even bearing costs of beneficiation.
The tenements held or applied for by Ridge Exploration and other D‘Aguilar Gold
subsidiaries including Eastern Uranium and Central Minerals in Southern Queensland are
shown on Figure 1. As indicated on the map, these tenements sit astride major existing or
planned railway lines with access to several Queensland ports.
- Forums
- ASX - By Stock
- DGR
- potential for major new iron ore province
potential for major new iron ore province
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add DGR (ASX) to my watchlist
(20min delay)
|
|||||
Last
1.3¢ |
Change
-0.001(7.14%) |
Mkt cap ! $13.56M |
Open | High | Low | Value | Volume |
1.3¢ | 1.3¢ | 1.3¢ | $4.098K | 315.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 1173325 | 1.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.6¢ | 540000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 1173325 | 0.013 |
2 | 583333 | 0.012 |
1 | 181818 | 0.011 |
4 | 510099 | 0.010 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.016 | 540000 | 1 |
0.018 | 550000 | 1 |
0.019 | 1090240 | 2 |
0.020 | 1532270 | 2 |
0.025 | 32000 | 1 |
Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
Featured News
DGR (ASX) Chart |