Carpentaria Exploration (ASX code: CAP) is an emerging producer of iron ore in eastern Australia.
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Carpentaria Exploration Limited is primarily a western New South Wales iron ore developer, with 60% ownership of the Hawsons Iron Ore Project. The Project, for which positive economics are indicated, is well served by infrastructure, including power, rail, port and a skilled workforce in Broken Hill. Carpentaria also has a second string to its bow, actively exploring a package of tenements in New South Wales prospective for intrusion related gold and porphyry related gold/copper deposits.
CarpentariaExploration Limited (ASX: CAP), along with 40% JV partner Pure Metals, continues to assess development of the Hawsons Iron Ore Project, located near Broken Hill in western New South Wales. The Company has recently completed a positive project review, and now is looking to progress through the feasibility phase, for which funding is required. A key to the project is that it is well served by infrastructure, with potential available capacity for production of up to 8-10Mtpa, thus minimising capex and lead times. In this, Carpentaria is unique when compared to its peers. There are also potential infrastructure synergies with other projects and companies in the region.
With Pure Metals currently managing the Hawsons project, Carpentaria has the resources to actively explore its package of 100% held intrusion related gold and porphyry related copper/gold projects in central and northern NSW. These prospective projects are largely located over areas of known mineralisation, however with little modern exploration.
The Company has a Board and management team with a proven track record in industry and government that has pro-actively managed projects.
We see short term price appreciation on the back of obtaining a partner to fund the Hawsons DFS and any exploration success on the gold projects, with medium to longer term appreciation to be driven by ongoing advancement of all projects. Accordingly, we rate Carpentaria as a...
Official website: http://www.carpentariaex.com.au/
ASX on Hotcooper: http://hotcopper.com.au/asx/CAP