William Johnson, Managing Director:
The first shipment of iron ore from Peru is a major milestone for the Company.
Strike’s 100% owned high grade Apurimac Iron Ore Project in Peru is recognised as one
of the highest grade, large scale magnetite projects in the world with the potential to support
the establishment of a significant iron ore operation.
This first shipment of this high-grade Apurimac Premium Lump DSO is expected to
generate considerable market interest, including from potential customers in the region as
well as in China.
I would like to thank all of Strike’s personnel, contractors and partners, who have all
contributed to make this first shipment a reality. In particular, our local team members in
Peru, who have worked tirelessly over the last few months to get ‘first ore on ship’.
I would like to pay a special tribute to Peruvian Geologist Jorge Francisco Padilla Pineda,
who passed away on 7th August. Jorge played an important role in organising this shipment
and sadly passed away before seeing it completed. Strike expresses its deepest sympathy
and condolences to Jorge’s family.
1 Refer Strike’s ASX Announcement dated 14 April 2021: Peru Iron Ore Offtake Agreement Signed with US$2 Million
Prepayment
20210819 SRK ASX Maiden Iron Ore Shipment from Peru.docx
- 2 -
Apurimac Iron Ore Project – JORC Mineral Resource
The Apurimac Project (Strike – 100%) has a JORC Code (2012 Edition) compliant Mineral
Resource of 269.4 Mt, consisting of:
• a 142.2 Mt Indicated Mineral Resource at 57.8% Fe; and
• a 127.2 Mt Inferred Mineral Resource at 56.7% Fe.
Category Concession Density t/m3 Mt Fe% SiO2% Al2O3% P% S%
Indicated Opaban 1 4 133.71 57.57 9.46 2.54 0.04 0.12
Indicated Opaban 3 4 8.53 62.08 4.58 1.37 0.07 0.25
Inferred Opaban 1 4 127.19 56.7 9.66 2.7 0.04 0.2
Total Indicated and Inferred 269.4 57.3 9.4 2.56 0.04 0.16
Refer Strike’s ASX Announcement dated 20 January 2015: Apurimac Mineral Resources Updated to JORC 2012
Standard.
In addition to the current JORC Mineral Resource, there is significant exploration potential given
the deposits are open at depth and along strike (with very promising drill results including 154m @
62% Fe) with extensive undrilled gravity and magnetic anomalies.
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