Western Desert Resources rapidly accumulating resources at Roper Bar Iron Ore project

Friday, November 27, 2009
Western Desert Resources rapidly accumulating resources at Roper Bar Iron Ore project

Iron ore developer Western Desert Resources (ASX: WDR) has announced an Inferred Mineral Resource of 14 million tonnes at 49% Fe at Area “F East” in the Roper Bar iron ore project in the Northern Territory.

The Roper Bar project is a JV between WDR and Japanese trading house Itochu, local subsidiary, IMEA Exploration and Development of Australia Pty Ltd.

The Inferred Mineral Resource contains a high grade zone of 7 million tonnes at 59% Fe, which is likely to be Direct Shipping Ore (DSO).

The resource estimate was carried out by AMC Consultants Pty Ltd who said "the project has considerable mining potential. The Area “F East” resource contains potential direct shipping ore (DSO) that is high in Fe and very low in contaminants. This mineralisation has significant strike extent and is close to surface."

AMC "considers the surrounding areas to be extremely prospective.  WDR is rapidly accumulating resources which will further enhance economic potential through shared infrastructure and other costs. The close proximity of project areas further underscores economic potential."

The Mineral Resource contains low contaminants such as phosphorus and alumina.

The JORC Code compliant Inferred Mineral Resource consists of a high grade zone of oolitic hematitic ironstone surrounded by lower grade material, and contains 14 million tonnes @49.5%Fe, 22%SiO2, 3.2% Al2O3, and 0.01%P at a lower cutoff grade of 30% Fe.

No investment advice

The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.