Proactive investorsLogo Proactive Investors UK Website

Search field
Get Adobe Flash Player Download
Flash
Player ►

And
Enable
Javascript

Additional information
Additional Information
Market: ASX
Sector: General Mining
Epic: .WDR
News: Latest news
Web Site: Western Desert Resources
Other Articles: 08-03-201027-01-201018-12-2009

RSS - Subscribe to the News Today on Proactive UK ▼

Saturday March 13, 08:47Premium risk at Prudential

Insurance giant Prudential has stolen the headlines this week, after their decision to buy AIA, the Asian life business of US insurer AIG, has attracted a mixed response from shareholders.

FULL ARTICLE ►

RSS - Subscribe to the News Today on Proactive NA ▼

Friday March 12, 07:58Lithium and rare earths markets poised for growth

Right now, the world relies almost completely on China for its rare-earth supply. The Chinese have made it clear that they want to keep more supply for themselves as they try to be the world leader in green technology

FULL ARTICLE ►

RSS - Subscribe to the News Today on Proactive CN ▼

Friday March 12, 07:51White Energy enters coal deal with China Guodian Group

White Energy Company (ASX: WEC; OTCQX: WECFY) has inked a non-binding heads of agreement with state owned Guodian Inner Mongolian Energy Sources Co Limited to develop a coal upgrading [...]

FULL ARTICLE ►
Western Desert Resources

Western Desert Resources

Western Desert Resources Limited (ASX:WDR) is a diversified mineral exploration business with the objective to increase shareholder value by company growth through the discovery, acquisition and development of substantial economic mineral resources.

The Board and Management of Western Desert Resources have substantial experience in the development of mining projects with specific expertise in project generation and delivering exploration success.

Western Desert's principle projects are: Roper Bar which is an exciting Iron Ore project in the Northern Territory. WDR has gained access to a substantial tenement areas which have never been drilled;  Rover, a joint venture with listed company TNG Limited located 100kms south-west of Tennant Creek (NT) giving WDR access to tenements adjacent to the Rover 1 project, (Westgold Resources Limited) which recently announced “bonanza” gold grades, and the acquisition of a major interest in Thor Mining provides exposure to the high grade Molyhil tungsten and molybdenum deposit in the Northern territory. 

CLICK HERE FOR FULL ANALYSIS OF WESTERN DESERT RESOURCES
Tuesday, December 23, 2008

Itochu invests $15m in Western Desert Resource's Roper Iron Ore project

by Proactive Investors company news image

Western Desert Resources (ASX:WDR) and ITOCHU subsidiary, IMEA Exploration & Development of Australia Pty Ltd (IEDA)  are pleased to announce the execution of formal agreements between the parties to explore and develop the highly prospective Roper Bar iron ore project in the Northern Territory.

This follows the MOU between WDR and IEDA announced on 29 September 2008.

The executed agreement provides for IDEA to expend up to A$15 million over the next six years to earn up to a maximum 51% equity in the project, in addition to the initial A$2.0 acquisition.
 
“We are delighted that Itochu has confirmed its intention to participate in the Roper Bar project,” Chairman of Western Desert, Mr Mick Billing, said today.  “We look forward to participating with Itochu in exploring and developing this exciting project.”

IDEA and WDR have executed detailed farm-in, and joint venture agreements along with various subsidiary documents.  Tenements involved are exploration licences EL26759, EL25672, EL24307, EL24944, EL24665, and ELA26992.

Documents for the transfer of a 15% interest in the tenements subject to the agreement have been lodged with the NT Department of Regional Development, Primary Industry, Fisheries and Resources, with IDEA to pay the sum of A$2.0 million to WDR upon lodgement.

The Roper Bar project is only 30 kilometres west of the Gulf of Carpentaria and just 240 kilometres east of the Alice Springs to Darwin rail corridor.

AddThis Feed Button
Register here to be notified of Proactiveinvestors One2One Forums.

Other Western Desert Resources articles


Other Western Desert Resources news

More news ►

Investors interested in Western Desert Resources recently viewed


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.