YAMPI PROJECT
Yampi’s High-Grade Hematite Opportunity
PRIMARY PROJECT AND KEY FOCUS
- Located in the Buccaneer Archipelago, 140km north of Derby
- Adjacent to Australia’s highest-grade direct shipping ore (DSO) Hematite Ore Mine – Koolan Island (18.7 Mt grading 65.5% Fe)
- Widespread hematite mineralisation confirmed
- Clear pathway to market. Five kilometers to coastline and deep-water port channel
- Planned drill program developed
- Rock-chip sampling confirmed high grade hematite mineralisation up to 68% Fe
Undrilled greenfield targets
- Targeting high grade DSO hematite horizons
- Significant strike extent of hematite horizons exposed within the tenement area
- Mapping, rock chip sampling, geophysical and satellite data interpretation has numerous identified drill ready targets – significant iron ore tonnage potential
- Beneficiation testwork on lower grade iron samples indicates upgrade to DSO iron grades is feasible
- Dolerite units within the tenement area known to host magmatic Ni-Cu deposits
| Sample | Fe % |
P % |
SiO2 % |
Al2O3 % |
S % |
LOI % |
|---|---|---|---|---|---|---|
| 1 | 68.37 | 0.008 | 1.14 | 0.44 | 0.006 | 0.32 |
| 2 | 62.32 | 0.03 | 9.48 | 0.51 | 0.01 | 0.44 |
| 3 | 61.73 | 0.01 | 10.35 | 0.39 | 0.05 | 0.29 |
| 4 | 61.12 | 0.01 | 11.65 | 0.49 | 0.01 | 0.17 |
| 5 | 59.88 | 0.01 | 13.35 | 0.47 | 0.01 | 0.18 |
| 6 | 59.83 | 0.162 | 10.3 | 1.96 | 0.028 | 0.61 |
| 7 | 59.45 | 0.03 | 12.3 | 1.4 | 0.02 | 0.61 |
| 8 | 57.51 | 0.12 | 5.91 | 1.58 | 0.02 | 8.94 |
| 9 | 55 | 0.03 | 19.25 | 0.85 | 0.02 | 0.52 |
| 10 | 54.64 | 0.01 | 18 | 1.36 | 0.19 | 0.48 |
| 11 | 51.08 | 0.01 | 24.3 | 0.45 | 0.05 | 1.41 |
| 12 | 51 | 0.013 | 25.2 | 0.72 | 0.004 | 0.65 |
Sample: 1
Fe %: 68.37
P %: 0.008
SiO2 %: 1.14
Al2O3 %: 0.44
S %: 0.006
LOI %: 0.32
Sample: 2
Fe %: 62.32
P %: 0.03
SiO2 %: 9.48
Al2O3 %: 0.51
S %: 0.01
LOI %: 0.44
Sample: 3
Fe %: 61.73
P %: 0.01
SiO2 %: 10.35
Al2O3 %: 0.39
S %: 0.05
LOI %: 0.29
Sample: 4
Fe %: 61.12
P %: 0.01
SiO2 %: 11.65
Al2O3 %: 0.49
S %: 0.01
LOI %: 0.17
Sample: 5
Fe %: 59.88
P %: 0.01
SiO2 %: 13.35
Al2O3 %: 0.47
S %: 0.01
LOI %: 0.18
Sample: 6
Fe %: 59.83
P %: 0.162
SiO2 %: 10.3
Al2O3 %: 1.96
S %: 0.028
LOI %: 0.61
Sample: 7
Fe %: 59.45
P %: 0.03
SiO2 %: 12.3
Al2O3 %: 1.4
S %: 0.02
LOI %: 0.61
Sample: 8
Fe %: 57.51
P %: 0.12
SiO2 %: 5.91
Al2O3 %: 1.58
S %: 0.02
LOI %: 8.94
Sample: 9
Fe %: 55
P %: 0.03
SiO2 %: 19.25
Al2O3 %: 0.85
S %: 0.02
LOI %: 0.52
Sample: 10
Fe %: 54.64
P %: 0.01
SiO2 %: 18
Al2O3 %: 1.36
S %: 0.19
LOI %: 0.48
Sample: 11
Fe %: 51.08
P %: 0.01
SiO2 %: 24.3
Al2O3 %: 0.45
S %: 0.05
LOI %: 1.41
Sample: 12
Fe %: 51
P %: 0.013
SiO2 %: 25.2
Al2O3 %: 0.72
S %: 0.004
LOI %: 0.65
Unconstrained by road or rail haul infrastructure as the project is <5km to coast
Immediate potential for high value discovery
World-class region with existing high-grade DSO operations