PSP 0.00% 0.1¢ prosperity resources limited

psp and iron ore

  1. 752 Posts.
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    not much info since last ann about their iron ore prospects
    last ann:

    Prosperity Resources Limited (ASX: PSP) and Mawson West (ASX:MWE) are pleased to announce results following a recent detailed mapping programme on the Woolshed Prospect as recommended by Hematite Consultants. Present indications show a potential exploration target size of approximately 50-60MT of
    prospective DSO Prosperity Resources Ltd’s Managing Director, Mr Ric Dawson said “This detailed mapping
    programme, which is testing an area with a strike length of 4 kilometres, will now progress to drilling to test from iron enrichment at depth.”
    Follow up iron analysis results from the mapping programme should be released in about two
    weeks and in the coming quarter RC drilling will commence after sourcing a suitable drill rig. Mr Dawson said, “With close proximity to Gindalbie Metals Ltd’s Karara Iron Ore deposits, Mt Gibson Iron’s Extension Hill deposits and the existing road infrastructure, the
    prospectivity for this area is significant.”

    They have other IO prospects close by. market appears to be trying to find the next round of IO miners.
 
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Currently unlisted public company.

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