Sign up Australia
Proactive Investors - Run By Investors For Investors
EPIC: MPJ
Market: ASX
Sector: Mining
Mining Projects Group

Mining Projects Group

MPJ is a minerals exploration company, currently undertaking exploration for Nickel, Copper and Gold mineralisation in the Kambalda and Fraser Range regions of Western Australia. MPJ is also developing a coal tenement portfolio targeting the Esk Basin in Queensland.

Mining Projects Group

www.miningprojectsgroup.com.au

Interactive graph

col 3
col 4
col 5
col 6

Mining Projects Group Snapshot

Mining Projects Group (ASX: MPJ) is a minerals exploration company, currently undertaking exploration for Nickel, Copper and Gold mineralisation in the Kambalda and Fraser Range regions of Western Australia. MPJ is also developing a coal tenement portfolio targeting the Esk Basin in Queensland.

 

 

Roe Hills Nickel Project

Kambalda Region, Western Australia (100%)


The Roe Hills Nickel Project ("Roe Hills") IS located 110km east of Kalgoorlie, Western Australia. Independent analysis has confirmed strong evidence of a Kambalda style Komatiite belt with significant nickel mineralisation occurring within the ultramafic rock types. Three priority prospects with multiple exploration targets have been identified, each highly prospective for massive nickel sulphide mineralisation. In addition gold anomalism was confirmed as prospective. HGS is now completing its recommended follow up drill programs to investigate each target.

Roe Hills has a 40km strike length of highly strained greenstone belt, but has limited geological outcrop due to the presence of a large salt lake system in the southern half of the tenement area. However, previous field mapping and aeromagnetic data have provided an excellent framework for delineating the ultramafic lithology on the project area.

During deposition of the ultramafic Komatiites, separation of the olivine rich rocks occurred, allowing identification of lithologies (cumulates) potentially containing nickel sulphide as well as the basal contact on which the nickel sulphides rest. A 3D analysis highlighted three priority targets prospective for potential massive sulphide nickel mineralisation and follow up drilling. The targets have been identified as; Talc Lake, Roe 1 & Roe 2 (Figure 1).

Historical exploration at Roe Hills was completed by WMC Resources Ltd and Inco Ltd between 1995 and 2006 which were targeting nickel sulphides. However both programs consisted mostly of shallow aircore holes for geochemical identification. Of the holes that were drilled into the fresh rock, komatiitic ultramafic rocks were intercepted as well as low grade nickel sulphide. MPJ has combined all drilling information, existing electromagnetic data and geochemical results to vector in on zones of significance.

 

Figure 1. Targets and planned drilling suggested for the Roe Hills project.

 

Talc Lake Nickel Prospect

Kambalda Region, Western Australia (100%) 

The Talc Lake Prospect is located at the southern edge of the Roe Hills project on E28/2117 and is considered the most prospective of the group. Previous drilling for nickel sulphide mineralisation in the area has defined three prospective ultramafic flows, analogous in style to that seen at Kambalda. Strong encouragement to continue exploration at depth and along strike is based on historic drilling results which include:
0.5m at 6.15% from 155.5m in RC drill hole ROE 114;
1.9m @1.65% Ni from 131.55m;
0.15m @1.33% Ni from 222.75m; and
0.3m @1.46% Ni from 182.8m.

The majority of drilling activity has been focused on one isolated area surrounding ROE 114 (see figure 2), yet the optimal targets remain along strike both to the north and south and down dip of this area.

A follow up drill program will be based on two failings of historical exploration completed at Roe Hills; the lack of holes that penetrate the prospective ultramafic basal contact at depth and the concentration of work in one isolated area surrounding ROE 114. As part of the drill program a XRF analysis of the drill samples and downhole electromagnetics will be conducted at the drill rig to establish any immediate vectors towards more prospective areas based on the information collected.

 

Figure 2: Talc Lake Prospect showing ultramafic outline and trend, and electromagnetic anomalies of interest.  The translucent overlay highlights the extensive ultramafic sequence with 3 defined flows down dipping to the south-east which remains substantially untested.

 

Roe 1 & 2 Prospects


The Roe 1 & 2 Prospects encompass highly magnetic ultramafic units terminating due to faulting or thrusting. The geological logging, analysis of the magnesium content, background nickel levels and magnetic interpretation of the area suggest thick portions of fertile ultramafic suitable for hosting economic deposits of massive nickel sulphides.

At the Roe 1 Prospect a diamond hole (Roe 2) intersected the ultramafic rocks returned 10.6m @ 0.39% Ni at the end of the hole (141.4m). Prospective areas of ultramafic lithology remain untested at depth and to the south. In addition to the nickel sulphide prospectivity HGS has also highlighted gold prospectivity to the west.

At the Roe 2 Prospect drilling has not been conducted on the ultramafic unit in this area due to the salt lake system covering the region. This presents a significant opportunity to drill a number of holes from a smaller number of common pads to test the target and define the basal contact.


Gold Prospectivity


HGS has also concluded a follow up is required to determine the prospectivity of mesothermal lode gold mineralisation at Roe Hills. As part of the review a number of historic holes, which have intersected gold regolith anomalism, are currently being analysed including:
ROE 100: 2m @2.7g/t Au from 44m
ROE 114: 2m @2.6g/t Au from 132m
ROE 147: 24m @1.01g/t* Au from 144m (to end of hole) *Including 2m @11g/T Au
ROE 247: 5m @13.7g/t Au from 48m (to end of hole)

 

(For more projects click here)

Bryan Frost - Chairman

Bryan has had a long career spanning stockbroking, investment banking, venture capital, direct investment and company management. For several years, until 1973, he was a partner in a Melbourne-based stockbroking firm.

Over the past 30 years he has been directly involved with a number of public companies as a major shareholder and director and in that role has been responsible for the restructuring and transformation of these companies.

In recent years, Bryan has been actively involved in providing corporate advice and securing capital (including venture capital) for many new ventures primarily in the mining and exploration sector but also in the biotechnology, consumer products and industrial technology sectors.


Joshua Wellisch - Managing Director

Mr Wellisch is a corporate professional and company director whose career has included acquisition and management of mineral geological projects in the energy and minerals sector.

He was an Executive Director of Oroya Mining Limited (ASX:ORO) until 2012, and remains a Non-executive Director. Mr Wellisch was also a Executive Director of Kingston Resources Limited (ASX:KSN) from 2009 until 2011. Mr Wellisch is a Director of NRG Capital a Corporate Advisory Firm and has held several private and public board positions in various capacities over the past 8 years. He has a breadth of experience in capital raisings, corporate structuring and public company transactions predominantly in the mining and exploration sector.

Mr Wellisch holds a Bachelor of Science in Information Technology and Post Graduate Diploma in Project Management. Mr Wellisch brings his substantial Finance and Project Management experience to the Board and the operations of Mining Projects Group Limited.

Angus Edgar - Non-Executive Director

Mr Edgar has 27 years experience in the finance and stockbroking industry. He has been directly involved with providing corporate advisory services to private and ASX listed companies and the listing of several new companies onto ASX. Mr Edgar is the Managing Director of Transol Corporation Limited and a Director of Regal Resources Limited, which are both ASX listed companies. He is also a Director of Melbourne Capital Limited, a corporate advisory company.

Top Shareholders:     
Redcliffe Coal Project Pty Ltd - 20%
Queensland M M Pty Ltd - 10%
Melbourne Capital Ltd - 6%
      
Top 40 Shareholders - 40%

Mining Projects Group Limited
ABN 84 006 189 331

Suite 2, 1233 High Street
Armadale Vic
3143 Australia
  
Phone: +61 (0)3 9824 8166
Fax: +61 (0)3 9824 8161
Website: www.miningprojectsgroup.com.au

Mining Projects Group Timeline

© Proactive Investors 2017

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use