ASX ANNOUNCEMENT
17 December, 2012
Western Desert Resources, a diversified resources business with a portfolio of quality mineral exploration assets in the Northern Territory.Western Desert Resources' business is built on the exploration of its substantial portfolio of iron ore, gold, base metals and
uranium projects in the world-class mining provinces of Australia and will continue to grow through the generation and acquisition of new opportunities and resources.
FAST FACTS
ASX Code WDR Issued Shares 341m Market Cap A$240M
DIRECTORS
Rick Allert Chairman
Norm Gardner MD
Mick Ashton Director Graham Bubner Director Phillip Lockyer Director Scott Perrin Director
COMPANY HIGHLIGHTS Iron Ore
• Roper Bar & Mountain Creek projects (NT)
• Hematitic iron ore
• Total Inferred, Indicated & Measured Mineral Resource estimates of 402Mt @ 40% Fe including DSO grade of 32.1Mt
@ 56.8% Fe
• Low Impurities
• Mine development underway
• Proximity to coast and markets
Gold / Copper
• East Rover Project near Tennant
Creek (NT)
CONTACT DETAILS
Level 1, 26 Greenhill Rd
WAYVILLE, SA, 5034
T: +61 8 8177 8800
info@westerndesertresources.com.au
ABN: 48 122 301 848
Key Points:
• Roper Bar Environmental Impact Study ("EIS") approved by the Federal Minister for Environment.
• Federal EIS approval concludes major regulatory approvals for mine development.
• All approvals from mine to ship's rail now in place.
The Directors of Western Desert Resources Limited (ASX: WDR) are pleased to advise the Roper Bar Iron Ore Project Environmental Impact Study (EIS) has been approved by the Federal Minister for the Environment.
Recommendation for approval by the Northern Territory Minister for the Environment was received in September.
This completes the major regulatory approvals process required for development of the Roper Bar iron ore mine.
ASX ANNOUNCEMENT
17 December, 2012
The Federal approval completes a raft of significant achievements by WDR this year including:
• A Native Title Agreement between the Northern Land Council (NLC), Native Title
Holders and WDR;
• A Load Facility Agreement with Mount Isa Mines Limited (MIM) providing for access to an area on MIM's Mineral Lease at Bing Bong in the Gulf of Carpentaria;
• Declaration of Major Project Status by the Northern Territory Government;
• JORC resource upgrade at Area E (East) and Area E (South) bringing the global resource base at Roper Bar to 402Mt @ 40% Fe, including DSO-grade component of
32.1Mt @ 56.8% Fe;
• Capital raising comprising a placement to sophisticated and professional investors to raise up to A$85m, and an entitlement offer to WDR shareholders to raise approximately A$15m;
• Grant of five Mineral Leases covering the Roper Bar mining area;
• Grant of Access Authority for 165 km haul road to Bing Bong loading facility;
• Advanced infrastructure development for mine site and transport corridor;
• Acquisition of 100% interest in Tianda tenement EL 25688.
Western Desert Resources Managing Director Norm Gardner said "This is a major milestone for the company, and for the Roper Bar Iron Ore Project. It will accelerate development of the mine infrastructure and transport corridor to the export facility at Bing Bong. Western Desert continues to deliver on schedule, with export of DSO grade iron ore scheduled for 2013."
For further information please contact:
Managing Director
Western Desert Resources
Telephone: +61 8 8177 8800
Norm.Gardner@wdrl.com.au
ASX ANNOUNCEMENT
17 December, 2012
Background
The Roper Bar Iron Ore Province covers about 1,900 km2 within eight granted exploration licenses in the Northern Territory and includes an estimated 100 km2 of outcrop of the target Sherwin Formation which hosts extensive hematite iron ore horizons. The Province is divided into two project areas - Roper Bar and Mountain Creek.
JORC Mineral Resource Estimates from WDR's Roper Bar Project (30% Fe cut-off) * Includes DSO grade of 15.5Mt @ 59.5% Fe, 9.6% SiO2, 2.2% Al2O3, 0.01% P and 2.1% LOI ** Includes DSO grade of 16.6Mt @ 54.2% Fe, 15.9% SiO2, 1.2% Al2O3, 0.01% P and 4.0% LOI Competent Person's StatementsThe information in this report that relates to Mineral Resources is based on information compiled by Sharron Sylvester who is a full-time employee of AMC Consultants Pty Ltd and a Member of the Australian Institute of Geoscientists and has sufficient experience relevant to the styles of mineralisation and type of deposit under consideration to qualify as a Competent Person as defined in the 2004 edition of the Australasian Code for the Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC code). Sharron Sylvester consents to the inclusion of this information in the form and context in which they occur.
The information in this report that relates to Exploration Results is based on information compiled by Graham Bubner who is a Member of the Australian Institute of Geoscientists. Mr Bubner is a full-time employee of Western Desert Resources Ltd and has sufficient experience relevant to the styles of mineralisation under consideration and to the subject matter of the report to qualify as a Competent Person as defined in the 2004 edition of the Australasian Code for the Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC code). Mr Bubner consents to the inclusion in the report of the matters based on his information in the form and context in which they occur.
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