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Additional Information

Market:	ASX
Sector:	General Mining
EPIC:	SPI
Latest Price:	0.10 (0.00%)
52-week High:	0.25
52-week Low:	0.09
Market Cap:	15.63M

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Spitfire Resources

Spitfire Resources (ASX: SPI) is an emerging Australian resource company focused on the exploration and development of raw materials for the carbon steel and energy sectors.

Spitfire’s flagship asset is the South Woodie Woodie Manganese Project, which covers a total area of 1,800 square kilomeres in Western Australia’s emerging East Pilbara Manganese Province – a region renowned globally as a major source of iron ore and manganese for the Asian steel industry. Spitfire has defined a JORC compliant manganese resource inventory of 2.94Mt @ 7.07% Mn at the Tally-Ho deposit.

Spitfire Resources confirms near surface manganese deposit in East Pilbara, WA

Monday, June 29, 2009

Eighty per cent (41) of Reverse Circulation (RC) holes drilled by Spitfire Resources (ASX: SPI) have intersected near surface manganese grades ranging up to 27.9% Mn at Tally-Ho deposit in the East Pilbara region of Western Australia.

Importantly, metallurgical test work undertaken has indicated that the in-situ Tally-Ho seams can grade up to 46% Mn. It also revealed that contaminants: lead, phosphorous, and sulfur all reported very low values.

Spitfire said while the individual seams are narrow, the overall mineralised envelope has potential to form a mineable width from an open cut mining perspective subject to economic parameters and completion of appropriate mining studies.

Sufficient drilling has been completed to underpin an initial JORC resource – targeted for September 2009.

As a result of recent geological mapping, a new priority target area has been defined for a primary Woodie Woodie-style manganese deposit 1km to the North West of Tally-Ho prospect.

Spitfire’s Managing Director, James Hamilton said, “we are very encouraged by this discovery which we expect to underpin the Company’s first JORC compliant resource estimate. Our next steps are to calculate an Inferred Resource for the currently defined zone of mineralisation and consider a program of follow-up diamond drilling to better understand the mineralisation and potential mining options.

Hamilton said the company remains firmly committed to its strategy of exploring for high-grade Woodie Woodie style manganese deposits and, a new program of mapping and geophysics will commence shortly.

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