WELD RANGE WEST

Mount Ridley’s Weld Range West Project covers the SW portion, approximately 20%, of the overall the Weld Range.  The Project is considered very prospective for direct shipping iron ore.

Mount Ridley’s Weld Range West Project geology is expected to be similar to the overall Weld Range package, as aeromagnetic imagery shows that the banded iron formation (BIF) units are continuous, with a NE-SW strike direction, throughout the entire Weld Range. 

project highlights

project highlights

the region

iron resources in the weld range

The bulk of the Weld Range is held by SinoSteel Midwest Corporation Limited (“SinoSteel”).  SinoSteel’s web site describes its Weld Range project as based on a BIF high-grade resource of 300 Mt at the Beebyn and Madoonga ore bodies, considered sufficient to support over 25 years of production. 

 

Fenix Resources Limited is advancing its approximately 10.5Mt at 64.2% Fe direct shipping iron operation at its Iron Ridge Project.  Project development is advancing, and the first shipment is scheduled for Q1/CY2021.

PROSPECTIVITY – IRON ORE (DIRECT SHIPPING HAEMATITE ORE)

Earlier explorers have undertaken aeromagnetic and gravity (geophysical) surveys,
geological mapping and rock chip sampling, with one pass of drilling within
Mount Ridley’s Project.
 

Mapping identified large areas of haematite enrichment and rock chips
taken during Mount Ridley’s geological reconnaissance trip returned high grade
iron assays, which support the prospectivity of the project. 
Between 2007 and 2013 iron exploration was undertaken by Crosslands Resources Pty Ltd, which completed mapping, some limited rock chip sampling and a small RC drilling programme. 

Mapping and rock chip sampling highlighted the Wilgie Mia formation as a primary target.  The Wilgie Mia formation shows well developed zones of goethite or haematite development at surface for much of the 10km
strike-length (and much of the overall 60km strike length).
  SinoSteels Beebyn Deposit and Fenix’s Iron
Ridge Project are both hosted within the Wilgie Mia Formation.

The Project also includes the prospective Madoonga Beds, where a five-kilometre-long and up to 75 metres wide anomalous goethitic zone coincides with a stacked geophysical anomaly.   

Sinosteel’s Madoonga Deposit Geological mapping has also identified other target for goethite and hematite mineralisation for further investigation.

Mapping also identified broad areas of pisolitic channel iron deposits (“CID” on the geological maps) and detrital iron deposits (“DID”) that require investigative drilling.

The only RC drilling, completed by Crosslands, was situated on the north-western banded iron formations, and did not apparently target DSO haematite mineralisation.