Dynasty Metals Australia Limited: Company Presentation
17.05.2012 | ABN Newswire
Perth - Dynasty Metals Australia Limited (ASX:DMA) is pleased to provide an Investor Presentation for May 2012.Core Assets - Iron Ore Projects
- Dynasty Metals owns 100% of its prospective iron ore tenements in the Pilbara (> 2000 km2). To date, only 10% of these holdings have been intensively explored
- The flagship Spearhole Iron Project will produce 120-170 million tonnes of iron ore concentrates according to the current beneficiation study
- Northeastern University (China) commissioned to further improve the Fe grade and production yield, aiming to produce more than 200 Mt @ 60%+ Fe concentrates
- Drilling is underway to test new areas, targeting more iron discovery including direct shipping grade deposits (> 58% Fe)
- A Scoping Study by MPS confirms Spearhole project is economically viable, producing 5 million tonnes per year over 25 years of mine life
- Favourable infrastructure development in Pilbara as announced by QR National (QRN) and Atlas Iron (AGO) - undertaking feasibility study for construction of a 4th rail line from Port Hedland to East Pilbara
- Dynasty Metals aims to commence production by 2015
Other Exploration Assets
Goldstone Resources - base metal tenements
- Dynasty holds a 40% interest in Goldstone Resources, a joint venture company with China Coal Geology Engineering Corporation (CCGEC)
- CCGEC contributed $2 million in March 2012 to fund further exploration activities of key projects
- Key projects in WA:
-- Stanley Nabberu Project - base metals, gold and uranium;
-- Hyden Gold Project - gold and nickel
-- Hector Bore and Mt Philips Project - uranium Irwin River - coal seam gas
- Two petroleum exploration licence applications covering 1327km2 in the northern Perth basin, east of Dongara and Geraldton
- Dynasty has recorded approximately 100km of 2D seismic over its Irwin River area. The results from this work interpreted by Dynasty's geophysical consultants, have delineated areas which the company believes could contain coal seams at depth and warrant further exploration
To view the complete Dynasty Metals Australia Presentation, please refer to the following link below:
http://media.abnnewswire.net/media/en/docs/ASX-DMA-590112.pdf
About Dynasty Metals Australia Limited:
Dynasty Metals Australia Ltd (ASX:DMA) is an emerging Australian iron ore exploration company focused on developing its 100%-owned tenements at Prairie Downs in Western Australia's Pilbara region.
In March 2010, Dynasty announced initial JORC-Compliant Inferred Resources of 453 million tonnes of Detrital Channel Iron and 23.3 million tonnes of Marra Mamba Iron Formation.
The 2010 exploration programs are underway and are aimed at further testing and significantly expanding the current resources, as well drilling a large iron-rich basal conglomerate for the first time. The exploration target is more than 1 billion tonnes of iron.
During 2010, Dynasty plans to commence detailed commercial investigations that will cover preliminary mine planning, beneficiation process design, mining and processing costs, transport infrastructure, capital costs, environment and native title clearances, and government approvals. A pre-feasibility study is anticipated to commence in late 2010.
Contact:
Dynasty Metals Australia Limited
T: +61-8-9426-8999
F: +61-8-9426-8900
www.dynastymetals.com.au