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

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