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Apollo Minerals

Apollo Minerals

Apollo Minerals is a base, precious metals & iron ore explorer. AON aims to enhance shareholder value by advancing projects through discovery, development & mining. AON’s exploration strategy targets highly prospective projects with the potential to become world class projects.

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Apollo Minerals is a predominantly iron ore-focused exploration company, with large strategic acreage positions in two of Australia’s highly prospective yet relatively under-explored provinces in Western Australian and South Australia. Considerable exploration progress is now being made.

In Western Australia, exploration work over the past 12 months has progressed the company’s near-term target of an initial JORC-compliant iron ore resource. Meanwhile in South Australia, recent relaxing of access around the Woomera region has allowed Apollo to formulate exploration planning.

Apollo Minerals is primarily an iron ore exploration company that is in the process of fully appraising its vast acreage position in both Western Australia and South Australia, with the aim of identifying commercial iron ore deposits. Importantly, infrastructure enhancements will benefit Apollo’s ambitions.

Apollo will look for further investment to progress its drilling programs, with the targeting of a long-term cornerstone investor. This will allow Apollo to clearly identify the value of its assets, as well as progressing long-duration environmental baseline studies and mine permitting, both in Western Australia and South Australia.

Importantly, Apollo has also strengthened its technical and executive capabilities, which provides the company with the full suite of skills necessary to develop its exploration projects into potential mining operations.

The company is simultaneously advancing two 100%-owned projects - the Mount Oscar Project in the Pilbara region of Western Australia and the Commonwealth Hill Project in South Australia.

The Mount Oscar Project is well placed, lying 25km south of the port of Cape Lambert and close to proposed multi-user Anketell Point port. The project is close to existing roads, rail and towns such as Karratha, the major regional centre.

Apollo Minerals' Commonwealth Hill tenements in South Australia are located close to some of the state’s world-class uranium, iron ore and base metal projects including iron oxide-copper-gold-uranium (IOCGU) deposits at...

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ASX on Hotcooper: http://hotcopper.com.au/asx/AON

Markets: Copper, Gold, Iron, Uranium