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ROPER VALLEY IRON ORE PROJECT

15 FEB 2021  - SALE OF NORTHERN TERRITORY IRON ORE PTY LTD

BACKGROUND INFORMATION

CURRENT OWNERSHIP
  • 100% owned by Northern Territory Iron Ore Pty Ltd (NTIO)

PROJECT TITLES
  • 5 x granted Exploration Licences covering 2,730.5 square kilometres

  • 1 x Exploration License Application covering 1,061.6 square kilometres

  • 1 x granted Mineral Lease covering 1,639 hectares

  • 5 x Mineral Lease Applications covering 9,339 hectares

  • 1 x Special Purpose Lease (barge loading) covering 1.9 square kilometres

MINERAL RESOURCES
  • 5 x deposits

  • JORC Total               488Mt @ 41.6% Fe

    • Indicated      56Mt @ 48.1% Fe

    • Inferred        432Mt @ 40.9% Fe

  • JORC DSO Total      41.2 Mt @ 57.8% Fe

    • Indicated      39.5 Mt @ 57.8% Fe

    • Inferred        1.6 Mt @ 57.5% Fe

APPROVALS AND CONSENTS
  • Environment Protection and Biodiversity Conservation Act (Cwth)

    • Approval issued

  • Environmental Assessment Act (NT)

    • Assessment complete (mining)

    • Assessment ongoing (road and shipping)

  • Aboriginal Land Rights and Native Title

    • Agreements complete