ASX ANNOUNCEMENT
24 September, 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 321m Market Cap A$313M
DIRECTORS
Rick Allert Chairman
Norm Gardner MD
Mick Ashton Director Graham Bubner Director David Cloke 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 Statement recommended for approval by the Northern Territory Minister for Environment.
• Final recommendation from the Federal Government due in 30 days.
• Completion will conclude major regulatory approvals for mine development.
The Directors of Western Desert Resources Limited (ASX: WDR)
are pleased to advise the Roper Bar Iron Ore Project
Environmental Impact Statement (EIS) has been recommended for
approval by the Northern Territory Minister for the
Environment.
The final recommendation from the Federal Department of
Sustainability, Environment, Water, Population and
Communities is expected in the next 30 days.
On formal approval it will complete the major regulatory
approvals process required for development of the Roper Bar
iron ore mine.
Figure 1. Roper Bar Iron Ore Province location plan
ASX ANNOUNCEMENT
24 September, 2012
This notice adds to a raft of significant announcements made
in the past four months by WDR
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$70m, and an entitlement offer to WDR shareholders to raise approximately A$15m;
• Grant of five Mineral Leases covering the Roper Bar mining area;
• Conditional cash offer of A$1.08 per share for all of WDR's shares by Meijin Energy
Group.
Western Desert Resources Managing Director Norm Gardner said
"This is another 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 Ltd
Telephone: +61 8 8177 8800
ASX ANNOUNCEMENT
24 September, 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)DEPOSIT AREA | Classification | Mt | Fe % | SiO2 % | P % | Al2O3 % | LOI % | Published |
Area D | Inferred | 90.7 | 37.2 | 31.5 | 0.008 | 3.2 | 9.6 | Oct-09 |
Area D (north) | Inferred | 116.5 | 40.3 | 26.3 | 0.002 | 2.2 | 11.0 | Feb-11 |
Area E (south) | Inferred | 17.5 | 36.1 | 30.8 | 0.003 | 2.4 | 12.4 | Jun-12 |
Area E (south) | Indicated | 75.8 | 38.7 | 29.9 | 0.005 | 2.6 | 9.9 | Jun-12 |
Area E (east)** | Inferred | 27.6 | 41.0 | 26.3 | 0.004 | 1.8 | 10.2 | Jun-12 |
Area E (east)** | Indicated | 15.6 | 41.2 | 26.3 | 0.004 | 1.9 | 10.0 | Jun-12 |
Area E (east)** | Measured | 28.3 | 42.2 | 26.4 | 0.004 | 2.0 | 8.9 | Jun-12 |
Area F * | Inferred | 5.5 | 46.6 | 22.7 | 0.006 | 2.7 | 6.1 | Feb-12 |
Area F * | Indicated | 24.6 | 49.3 | 22.0 | 0.006 | 3.2 | 2.6 | Feb-12 |
TOTAL | 402 | 40.0 | 28.0 | 0.005 | 2.5 | 9.7 |
Competent Person's Statements
The 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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