Proactiveinvestors Australia Weebit Nano Ltd https://www.proactiveinvestors.com.au Proactiveinvestors Australia Weebit Nano Ltd RSS feed en Sun, 24 Feb 2019 12:13:48 +1100 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - Weebit Nano to collaborate with Israel Institute of Technology on real processing-in-memory project ]]> https://www.proactiveinvestors.com.au/companies/news/214325/weebit-nano-to-collaborate-with-israel-institute-of-technology-on-real-processing-in-memory-project-214325.html Weebit Nano Ltd (ASX:WBT) is to collaborate in research with the Israel Institute of Technology (Technion) to examine the possible use of ReRAM memories in a novel computing architecture.

The company and the team at the Technion, led by Professor Shahar Kvatinsky, will perform characterisation and implementation of logic operations using Weebit’s SiOx ReRAM test chips.

This is to demonstrate basic logic operations on a ReRAM array using the Technion’s MAGIC (Memristor Aided Logic) technique implementing ‘real processing-in-memory’ (real PIM).

READ: Weebit Nano achieves excellent test results for its memory technology

Weebit chief executive officer Coby Hanoch said the company was constantly looking for opportunities to utilise its ReRAM in the most advanced and innovative fields.

Hanoch said: “We believe that ReRAM, in addition to being the next generation memory element, will also be part of the computing revolution enabling novel architectures mixing logic and memory to allow significant power-efficient processing-in-memory computing.

“We believe that by collaborating on this with the Technion, one of the leading research institutes in this domain, we can better prepare for yet another use for our unique SiOx ReRAM technology.”

Potential to revolutionise current computing architectures

Although ReRAM technology is targeted for next generation memory devices, there is huge potential for ReRAM to be used as logic circuits to revolutionise current computing architectures.

Traditional computing architectures, or ‘von Neumann’ architectures, have a clear distinction between processing and memory – the memory component and central processing unit (CPU) are separate devices, with memory serving only as ‘dumb’ storage from which the CPU reads and writes.

These ‘read’ and ‘write' transactions require substantial amounts of time and energy, increasing the power consumption of the chip and being relatively slow.

Real PIM enables up to 1,000-times less power use

With real PIM, ReRAM elements are used as ‘logic gates’, allowing the computer to perform logical operations inside the memory on the same devices that store data.

In other words, the computer can perform computation inside the ReRAM arrays rather than in the CPU.

This is much faster and uses up to 1,000-times less power by avoiding the need to export and import data between the memory chip and CPU.

Collaborative approach

The Technion’s professor Kvatinsky said the institute had been investigating real PIM for several years.

Kvatinsky said: “Our MAGIC technique utilises the unique characteristics of emerging memories such as ReRAM where the same cells can be used for both memory and logic.

“We are very proud to cooperate with Weebit, a leader in the ReRAM domain, on this research and to use their test chips as the basis for this research.”

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Mon, 11 Feb 2019 00:25:00 +1100 https://www.proactiveinvestors.com.au/companies/news/214325/weebit-nano-to-collaborate-with-israel-institute-of-technology-on-real-processing-in-memory-project-214325.html
<![CDATA[News - Weebit Nano achieves excellent test results for its memory technology ]]> https://www.proactiveinvestors.com.au/companies/news/212467/weebit-nano-achieves-excellent-test-results-for-its-memory-technology-212467.html Weebit Nano Ltd (ASX:WBT) has achieved successful endurance results for its ReRAM cells, demonstrating stable voltage and endurance levels compared to production non-volatile memories. 

The company’s ReRAM computer memory technology, based on silicon oxide, is being developed as a cheaper, faster and more energy efficient solution than existing flash technology.

 

Weebit and its partner Leti, the French research institute recognised as a global leader in the field of microelectronics, performed the tests which demonstrated array-level endurance above 100,000 cycles, on par with expectation in the storage memory market, and a significant improvement over flash memories.

In addition, Weebit ensured the SiOx ReRAM layer will be compatible with different tools and technologies used by different production fabs, which is crucial for transferring the Weebit technology to different commercial manufacturers.

Final characterisation will continue over coming weeks on array performance and extended endurance and retention in preparation for the migration to 300mm wafers at 28nm.

READ: Weebit Nano shares ride higher after achieving another memory technology milestone

Weebit chief executive officer Coby Hanoch said: “The baseline technical parameter improvement phase is a significant milestone towards commercialisation.

“The high endurance is well above the capability of Flash and very competitive in the market.

“In addition to technical parameter improvements, we also created a more flexible manufacturing base which will give us much more flexibility in future.

“We used different tools and technologies, used by different production fabs, so we later have the ability to choose which production fab(s) we prefer.

“We believe this progress ensures our ReRAM memories are very attractive for companies using leading-edge designs, including leading artificial intelligence and internet of things applications.”

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Mon, 14 Jan 2019 18:42:00 +1100 https://www.proactiveinvestors.com.au/companies/news/212467/weebit-nano-achieves-excellent-test-results-for-its-memory-technology-212467.html
<![CDATA[News - Weebit Nano shares ride higher after achieving another memory technology milestone ]]> https://www.proactiveinvestors.com.au/companies/news/203617/weebit-nano-shares-ride-higher-after-achieving-another-memory-technology-milestone-203617.html Weebit Nano (ASX:WBT) has produced the first packaged units containing memory arrays based on its Silicon Oxide Resistive RAM (SiOx ReRAM) technology.

These have been packaged into devices known as chips, allowing Weebit to ship its memory technology to partners who can then start working with them.

This is an important step in Weebit’s productisation and commercialisation effort as it enables further testing and refining of the company’s memory technology.

 

The first memory chips will be delivered to universities to research the use of ReRAM technology in neuromorphic computing, which is used in the development of artificial intelligence.

Until now, testing of Weebit’s technology was solely conducted at wafer level in the lab adjacent to the production line at Leti, the company’s production partner in France.

As testing has progressed, Weebit is now extracting memory arrays from wafers and packaging them into packaged devices – the form in which memory chips are used by customers in phones, PCs or storage devices.

This allows the company to conduct additional tests outside the lab, and partners to use them in their facilities.

READ: Weebit Nano shares surge on crossing a milestone in memory technology

Weebit chief executive officer Coby Hanoch said: “We are continuing to make good progress improving the quality of our memory technology in preparation for its use in commercial products.

“This next step towards commercialisation enables partners to use our memory chips in their facilities, and importantly allows them to evaluate our technology as part of their decision process to engage with us.

“Furthermore, we are very excited that some of these initial packaged chips will be used by universities to research neuromorphic computing, a key element in the development of machine learning and artificial Intelligence systems.”

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Mon, 27 Aug 2018 15:25:00 +1000 https://www.proactiveinvestors.com.au/companies/news/203617/weebit-nano-shares-ride-higher-after-achieving-another-memory-technology-milestone-203617.html
<![CDATA[Media files - Weebit Nano memory storage tech 'almost ready for market' that is doubling annually ]]> https://www.proactiveinvestors.com.au/companies/stocktube/9749/weebit-nano-memory-storage-tech-almost-ready-for-market-that-is-doubling-annually-9749.html Mon, 02 Jul 2018 12:05:00 +1000 https://www.proactiveinvestors.com.au/companies/stocktube/9749/weebit-nano-memory-storage-tech-almost-ready-for-market-that-is-doubling-annually-9749.html <![CDATA[News - Weebit Nano shares surge on crossing a milestone in memory technology ]]> https://www.proactiveinvestors.com.au/companies/news/199453/weebit-nano-shares-surge-on-crossing-a-milestone-in-memory-technology-199453.html Weebit Nano Ltd (ASX:WBT) has achieved the significant milestone of demonstrating a 1 Megabit (MB) capacity ReRAM array at 40 nanometres using silicon oxide (SiOx).

This is an important achievement for the Israel-based semiconductor company seeking to develop and commercialise the next generation of memory technology.

Notably, the milestone was achieved on schedule as committed to by Weebit Nano two years ago.

Potential market worth over US$25bn

The company’s ReRAM technology is now at the capacity of memory larger than what is currently being used across most of the embedded non-volatile memory (NVM) market.

This market is estimated to be worth over US$25bn, with potential for significant growth, and includes various applications such as Internet of Things (IoT) and wearable technology.

In addition, with the introduction of faster and more energy-efficient memories like ReRAM, this market is expected to expand into machine learning and artificial intelligence applications.

Progressing discussions with various leading global companies

Weebit chief executive officer Coby Hanoch said: “We are very excited and proud to have reached this very important milestone.

“Our technology will be able to address the vast majority of the non-volatile memory demand in embedded memory applications, so we can now proceed to the next step of preparing for productisation.

“We have already held initial discussions with various leading global companies in the consumer and memory domains.

“With the achievement of this globally significant milestone we now intend to progress these discussions.”

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Mon, 25 Jun 2018 16:21:00 +1000 https://www.proactiveinvestors.com.au/companies/news/199453/weebit-nano-shares-surge-on-crossing-a-milestone-in-memory-technology-199453.html
<![CDATA[News - Weebit Nano bags $2.5M, aims to commercialise storage technology ]]> https://www.proactiveinvestors.com.au/companies/news/184380/weebit-nano-bags-25m-aims-to-commercialise-storage-technology-184380.html Weebit Nano Ltd (ASX:WBT) has successfully raised $2.5 million at $0.015 per share via an oversubscribed share placement to professional and sophisticated investors.

The Israel based company’s data storage technology works at lower operating voltages, allowing semiconductor memory elements to be more reliable and energy efficient than flash technology.

Importantly, the use of silicon oxide material allows Weebit to move to commercialisation quicker and cost-effectively compared to other technologies that require retooling of fabrication plants.

Weebit has secured several patents to ensure optimal commercial and legal protection for its ground-breaking technology.

The company had earlier signed an agreement with Leti, an R&D institute that specialises in nanotechnologies, to further develop its SiOx ReRAM technology.

The company is on track to achieve the 40 nanometer milestone by the end of the calendar year and should begin scaling up the capacity of its cells towards mega bit array blocks.

Weebit plans to tap the ever-growing memory storage market that is estimated to be worth over US$40 billion.

The company is well funded for the next 12 months to move towards its commercialisation goals.

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Fri, 22 Sep 2017 08:34:00 +1000 https://www.proactiveinvestors.com.au/companies/news/184380/weebit-nano-bags-25m-aims-to-commercialise-storage-technology-184380.html
<![CDATA[News - Weebit Nano Ltd to lift cash for unique opportunity ]]> https://www.proactiveinvestors.com.au/companies/news/184168/weebit-nano-ltd-to-lift-cash-for-unique-opportunity-184168.html Weebit Nano Ltd (ASX:WBT) remains focused on computer memory storage technology, with the company incorporated in Israel in 2015.

Weebit has secured several patents to ensure optimal commercial and legal protection for its ground-breaking technology.

The company has been granted a trading halt by the ASX this morning, pending details of a capital raising.

The halt will remain in place until the opening of trade on Thursday 21st September 2017, or earlier if an announcement is made to the market.

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Tue, 19 Sep 2017 10:10:00 +1000 https://www.proactiveinvestors.com.au/companies/news/184168/weebit-nano-ltd-to-lift-cash-for-unique-opportunity-184168.html
<![CDATA[News - Weebit Nano Ltd joins Leti to develop advanced memory technology ]]> https://www.proactiveinvestors.com.au/companies/news/165653/weebit-nano-ltd-joins-leti-to-develop-advanced-memory-technology-70921.html Weebit Nano Ltd (ASX:WBT) has partnered with Leti, a French microelectronics research institute, to develop an advanced memory technology to replace flash memory.

The partners will work on advanced resistive random-access memory (ReRAM) based on silicon oxide (SiOx).

ReRAM technology is forecasted to replace flash memory that is approaching its scaling limits.

Israeli flash memory company Weebit Nano listed on the ASX last month after raising $5 million via a reverse merger into the shell of mining company Radar Iron.

Weebit’s core technology has shown the potential to deliver a 1,000x faster, cheaper and a 1,000x more energy-efficient memory than flash.

The flash market was estimated to total nearly $US35 billion in 2015 and is expected to grow exponentially over the next five years.

Weebit will benefit from having access to the advanced facilities of Leti, including an 8,500 square metres semiconductor cleanroom area.

The two partners will develop SiOx ReRAM memory that is scalable to 40 nanometres, which opens opportunities in the multi-billion-dollar memory market.

ReRAM is expected to replace flash, not only in mass storage environments such as cloud data centres and solid-state drives, but also in diverse consumer-related fields like wearable devices.

The IoT market alone is estimated to reach trillions of dollars per year as 50 billion devices are expected to be connected to the Internet by 2020.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Thu, 08 Sep 2016 11:30:00 +1000 https://www.proactiveinvestors.com.au/companies/news/165653/weebit-nano-ltd-joins-leti-to-develop-advanced-memory-technology-70921.html
<![CDATA[News - Radar Iron Ltd in ASX trading halt ]]> https://www.proactiveinvestors.com.au/companies/news/156553/radar-iron-ltd-in-asx-trading-halt-67566.html Radar Iron Ltd (ASX:RAD) has been granted a trading halt by the ASX, with its shares placed in pre-open.

Radar requested the halt pending a proposed appointment to the board upon completing its acquisition of Weebit Nano Ltd.

The halt will remain in place until the opening of trade on Monday 21st March 2016, or earlier if an announcement is made to the market.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Thu, 17 Mar 2016 09:30:00 +1100 https://www.proactiveinvestors.com.au/companies/news/156553/radar-iron-ltd-in-asx-trading-halt-67566.html
<![CDATA[News - Radar Iron among biggest ASX % gainer and volume traded intra-day ]]> https://www.proactiveinvestors.com.au/companies/news/156552/radar-iron-among-biggest-asx-gainer-and-volume-traded-intra-day-65534.html Wednesday's leading ASX % Gainers intra-day.

Company NameCodeLastChangeVolume Abilene Oil & Gas ABL $0.012 500% 15,000 Whl Energy WHN $0.002 100% 2,000,000 Radar Iron RAD $0.093 97.87% 16,330,800 Ram Resources RMR $0.003 50% 190,666 Argosy Minerals AGY $0.004 33.33% 250,012 Advanced Braking Technology ABV $0.008 33.33% 741,427 Stellar Resources SRZ $0.027 28.57% 63,165 Burleson Energy BUR $0.005 25% 2,750,166 Pacific American PAK $0.050 25% 200,000 Platypus Minerals PLP $0.005 25% 2,000,000

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 11 Nov 2015 13:00:00 +1100 https://www.proactiveinvestors.com.au/companies/news/156552/radar-iron-among-biggest-asx-gainer-and-volume-traded-intra-day-65534.html
<![CDATA[News - Radar Iron to reveal strategic acquisition ]]> https://www.proactiveinvestors.com.au/companies/news/156551/radar-iron-to-reveal-strategic-acquisition-65493.html Radar Iron (ASX:RAD) is readying to reveal a strategic acquisition, with the ASX granting the company a trading halt to prepare.

The company held around $440,000 in cash at the end of September 2015.

The halt will remain in place until the opening of trade on Wednesday 11th November 2015, or earlier if an announcement is made to the market.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 09 Nov 2015 15:00:00 +1100 https://www.proactiveinvestors.com.au/companies/news/156551/radar-iron-to-reveal-strategic-acquisition-65493.html
<![CDATA[News - Radar Iron's shares in pre-open ]]> https://www.proactiveinvestors.com.au/companies/news/156550/radar-irons-shares-in-pre-open-59654.html Radar Iron (ASX:RAD) has been granted a trading halt by the ASX, with its shares placed in pre-open.

Radar requested the halt pending an announcement regarding its current rights issue and the second payment for its acquisition of the Yerecoin project.

The halt will remain in place until the opening of trade on Friday 19th December 2014, or earlier if an announcement is made to the market.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 17 Dec 2014 12:40:00 +1100 https://www.proactiveinvestors.com.au/companies/news/156550/radar-irons-shares-in-pre-open-59654.html
<![CDATA[News - Radar Iron prepares to reveal capital raising ]]> https://www.proactiveinvestors.com.au/companies/news/156549/radar-iron-prepares-to-reveal-capital-raising-57580.html Radar Iron (ASX:RAD) is heading to market with a capital raising, and the ASX has granted the company a trading halt to organise.

Earlier in the month the company announced that remodelling of the Yerecoin Main Resource has been completed, with around 25% of the resource now in the Indicated category.

During this re-estimation an additional 95 pre-existing reverse circulation drill holes were incorporated.

This resulted in greater data density and a greater confidence in the output.

The halt will remain in place until the opening of trade on Wednesday 17th September 2014, or earlier if an announcement is made to the market.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 15 Sep 2014 17:20:00 +1000 https://www.proactiveinvestors.com.au/companies/news/156549/radar-iron-prepares-to-reveal-capital-raising-57580.html
<![CDATA[News - Radar Iron attracts cornerstone investor for iron project, Western Australia ]]> https://www.proactiveinvestors.com.au/companies/news/156548/radar-iron-attracts-cornerstone-investor-for-iron-project-western-australia-54783.html Radar Iron (ASX:RAD) should firm in trade after revealing that Lightshare Investments has become a new cornerstone investor.

Funds will be used towards investment at its newly acquired Yerecoin iron ore project in Western Australia which has potential to be one out of the box.

Lightshare, a private company owned by the major shareholders of Resource Development Group (ASX:RDG) has agreed to a 17.2 million share placement in Radar at $0.05, and now owns 17.5% of Radar’s issued capital.

This comes after after Radar's acquisition of Yerecoin from Cliffs Magnetite Holdings and its joint venture partners, Sojitz Mineral Development, and Nippon Steel, in April.

Radar concurrently raised $860,000, also at $0.05 per share to RDG to fund the purchase.

This was a substantial premium to Radar's share price at the time of $0.03, and RDG is the owner of project delivery company Engenium which has carried out engineering studies on the project.

These studies by RDG's subsidiary indicated potential economic viability and expected low capital cost; presumably the basis of their investment decision.

Consideration for the acquisition entails $860,000 on signing the agreement, $1.44 million by November 30th 2014; $1.44 million by April 17, 2015, and a royalty of $1 per dry tonne of concentrate.

Radar will complete sufficient studies in coming months to demonstrate Stage 1 development economics, concurrently with  work to obtain development approvals and finalise the optimal transport network.
 
The project area contains a major deposit within 150 kilometres of Perth and adjacent to rail, fitting Radar’s strategy of acquiring projects that can be brought into production in the near term for low capital cost.

Radar's new landholdings cover 501 square kilometres and include the Yerecoin Project which holds a JORC Inferred resource of 404 million tonnes of iron.

Yerecoin ores require only a coarse grind, and simple processing produces a concentrate grade of over 68% iron with low impurities.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 07 May 2014 14:30:00 +1000 https://www.proactiveinvestors.com.au/companies/news/156548/radar-iron-attracts-cornerstone-investor-for-iron-project-western-australia-54783.html
<![CDATA[News - Radar Iron snaps up major iron ore project in Western Australia ]]> https://www.proactiveinvestors.com.au/companies/news/156547/radar-iron-snaps-up-major-iron-ore-project-in-western-australia-54505.html Radar Iron (ASX: RAD) may trade firmer after purchasing a large iron ore tenement holding in Western Australia from Cliffs Magnetite Holdings and its joint venture partners, Sojitz Mineral Development, and Nippon Steel.

The project area contains a major deposit within 150 kilometres of Perth and adjacent to rail, fitting Radar’s strategy of acquiring projects that can be brought into production in the near term for low capital cost.

Radar's new landholdings cover 501 square kilometres and include the Yerecoin Project which holds a JORC Inferred resource of 404 million tonnes of iron.

Yerecoin ores require only a coarse grind, and simple processing produces a concentrate grade of over 68% iron with  (>68% with low impurities.

Notably, Radar has raised $860,000 at $0.05 per share to Resource Development Group (ASX: RDG).

This is a substantial premium to Radar's last traded share price of $0.03, and RDG is the owner of project delivery company Engenium which has carried out engineering studies on the project.

These studies by RDG's subsidiary indicated potential economic viability and expected low capital cost; presumably the basis of their investment decision.

Consideration for the acquisition entails $860,000 on signing the agreement, $1.44 million by November 30th 2014; $1.44 million by April 17, 2015, and a royalty of $1 per dry tonne of concentrate.

Radar will complete sufficient studies in coming months to demonstrate Stage 1 development economics, concurrently with  work to obtain development approvals and finalise the optimal transport network.

The company is currently capitalised at around $3 million.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Thu, 24 Apr 2014 14:40:00 +1000 https://www.proactiveinvestors.com.au/companies/news/156547/radar-iron-snaps-up-major-iron-ore-project-in-western-australia-54505.html
<![CDATA[News - Radar Iron is set to pounce ]]> https://www.proactiveinvestors.com.au/companies/news/156546/radar-iron-is-set-to-pounce-54435.html Radar Iron's (ASX: RAD) shares are in pre-open this morning, following the ASX granting the company a trading halt.

Radar requested the halt pending an announcement regarding a major acquisition and associated funding.

Recently the company outlined that it was looking for acquisitions in Australia and globally, and was focussed on projects with available infrastructure that can be developed in a short time frame for a low capital cost.

The halt will remain in place until the opening of trade on Thursday 24th April 2014, or earlier if an announcement is made to the market.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Tue, 22 Apr 2014 14:00:00 +1000 https://www.proactiveinvestors.com.au/companies/news/156546/radar-iron-is-set-to-pounce-54435.html
<![CDATA[News - Radar Iron starts exploration at Brazil iron ore project ]]> https://www.proactiveinvestors.com.au/companies/news/156545/radar-iron-starts-exploration-at-brazil-iron-ore-project-53028.html Radar Iron (ASX:RAD) has commenced the exploration as part of its farm-in to earn 50% of the Uruara Iron Ore project in Brazil.

The initial focus of the exploration is in the area where mineralisation has already been defined, and close spaced mapping and sampling is now under-way on 100-200 metres spaced traverses across three previously defined trends.

Radar is also to start the ground magnetic survey that will cover the existing mineralisation trends to define them better.

The Uruara Project covers about 68,000 hectares of tenements adjacent to the Amazon River with potential for iron ore shipment from a number of accessible ports.

The project comprises 1 exploration license of approximately 10,000 hectares with a binding right to acquire 6 adjacent applications of 58,000 hectares.

Assays from 24 surface samples suggest high grade mineralisation, grading above 60% Fe with low levels of impurities. Using surface samples and mapping data an exploration target for the high grade mineralisation of 20 million tonnes to 40 million tonnes at 58-65% Fe has been estimated.

Mapping done until now supports the current interpretation of zones of mineralisation of 150-400 metres wide and several kilometres in length.

Approximately 40 rock chip samples should be dispatched shortly, with results expected 2-3 weeks after submission.

The company aims to define first pass drill targets for testing in the second quarter of 2014 and transition from appraisal drilling to in-ground testing to potentially define a resource base in 2014.

 

Proactive Investors Australia is the market leader in producing news,articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Thu, 20 Feb 2014 17:40:00 +1100 https://www.proactiveinvestors.com.au/companies/news/156545/radar-iron-starts-exploration-at-brazil-iron-ore-project-53028.html
<![CDATA[News - Radar Iron completes due diligence for acquisition of DSO iron project in Brazil ]]> https://www.proactiveinvestors.com.au/companies/news/156544/radar-iron-completes-due-diligence-for-acquisition-of-dso-iron-project-in-brazil-52068.html Radar Iron (ASX:RAD) has finalised its due diligence for the acquisition of a 50% interest in the Uruara DSO iron project in Brazil.

A detailed joint venture agreement is to be signed shortly, followed by commencement of ground exploration, with drilling expected next quarter.

Uruara covers 68,000 hectares adjacent to the Amazon River, and boasts rock chips assaying up to 66% iron.

Radar paid an option fee of $30,000 to consider the acquisition, and will now fund exploration to earn its 50% interest.

The Uruara iron ore deposit in Para State could potentially start mining within 18-24 months.

Infrastructure is in place and accessible with roads in place for crushed ore to be trucked to a deep water port on the Amazon River for direct loading to Panamax vessels or via barge.

Production costs are expected to be low with surplus cash flow used to provide capital for operational expansion after the second year, resulting in a low risk profile for Radar.

Three main corridors have been identified to date forming zones 250 metres to 400 metres in width and up to 2.5 kilometres in length.

The mineralisation commences at surface, extends to at least 4 metres depth. More mapping is required to track the zones under forest cover.

Previous sample results suggest grades consistently above 60% iron with low levels of impurities.

An exploration target of 20 million tonnes and 40 million tonnes at 58% to 65% iron has been estimated for the project.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Tue, 21 Jan 2014 16:00:00 +1100 https://www.proactiveinvestors.com.au/companies/news/156544/radar-iron-completes-due-diligence-for-acquisition-of-dso-iron-project-in-brazil-52068.html
<![CDATA[News - Radar Iron's shares in pre-open, considers entering a joint venture ]]> https://www.proactiveinvestors.com.au/companies/news/156543/radar-irons-shares-in-pre-open-considers-entering-a-joint-venture-52030.html Radar Iron's (ASX: RAD) shares are in pre-open today following the Australian Stock Exchange granting the company a trading halt.

Radar requested the halt pending the possible entry into a joint venture agreement.

Earlier in the month Radar was conducting ongoing due diligence to acquire 50% of the Uruara Iron Ore project in northern Para State, Brazil.

The Uruara project’s prospectivity is based on mapping and trenching which has identified extensive areas of massive, high grade iron ore mineralisation at surface.

The halt will remain in place until the opening of trade on Wednesday 22nd January 2014, or earlier if an announcement is made to the market.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 20 Jan 2014 16:00:00 +1100 https://www.proactiveinvestors.com.au/companies/news/156543/radar-irons-shares-in-pre-open-considers-entering-a-joint-venture-52030.html
<![CDATA[News - Radar Iron assays iron grading 66% from rock chips at Urara, Brazil ]]> https://www.proactiveinvestors.com.au/companies/news/156542/radar-iron-assays-iron-grading-66-from-rock-chips-at-urara-brazil-50265.html Radar Iron (ASX: RAD) has received high grade iron rock chip assays from the Uruara iron ore project in Brazil, where it holds the option to acquire a 50% interest.

Acme Labs assayed 11 rock samples from outcrop and trenches across 5 kilometres of strike, with all but two grading iron around 60% or higher, and with low levels of impurities.

A peak result of 66.1% was returned.

The Uruara project’s prospectivity is based on mapping and trenching which identified extensive areas of massive, high grade iron ore mineralisation at surface.

Field teams are currently re-opening old access tracks to conduct a more detailed mapping program and confirm historic strike extensions defined by local prospectors.

Due diligence on the project is ongoing.

Radar is currently capitalised at around $2 million.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 18 Nov 2013 09:40:00 +1100 https://www.proactiveinvestors.com.au/companies/news/156542/radar-iron-assays-iron-grading-66-from-rock-chips-at-urara-brazil-50265.html
<![CDATA[News - Radar Iron options stake in Brazilian DSO iron ore project ]]> https://www.proactiveinvestors.com.au/companies/news/156541/radar-iron-options-stake-in-brazilian-dso-iron-ore-project-50150.html Radar Iron (ASX: RAD) has secured an option to acquire a 50% stake in a DSO iron ore play in Brazil from private Brazilian company Sullis Mineracao.

With an upfront payment of just $30,000, Radar has until January 17, 2014 to complete due diligence on the project which is consistent with a focus on low capex, early cash flow iron ore projects.

The Uruara iron ore deposit in Para State could potentially start mining within 18-24 months.

Infrastructure is in place and accessible with roads in place for crushed ore to be trucked to a deep water port on the Amazon River for direct loading to Panamax vessels or via barge.

Production costs are expected to be low with surplus cash flow used to provide capital for operational expansion after the second year.

The Uruara Project comprises 1 exploration license of approximately 10,000 hectares with a binding right to acquire 6 adjacent applications of 58,000 hectares

Mapping surface sampling and trenching has been undertaken to date in which extensive areas of massive high grade hematite and magnetite mineralisation was identified at surface. No drilling has been completed as yet.

Three main corridors have been identified to date forming zones 250 metres to 400 metres in width and up to 2.5 kilometres in length.

The mineralisation commences at surface, extends to at least 4 metres depth. More mapping is required to track the zones under forest cover.

Previous sample results suggest grades consistently above 60% iron with low levels of impurities. A further 11 assay results are expected in the coming week.

An Exploration Target of 20 million tonnes and 40 million tonnes at 58% to 65% iron has been estimated for the project.

The acquisition is subject to Radar completing due diligence by 17 January 2014. The company will then start funding exploration and project development to secure a 50% interest in the project.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 13 Nov 2013 17:00:00 +1100 https://www.proactiveinvestors.com.au/companies/news/156541/radar-iron-options-stake-in-brazilian-dso-iron-ore-project-50150.html
<![CDATA[News - Radar Iron continues due diligence on Mt Ruby iron ore project ]]> https://www.proactiveinvestors.com.au/companies/news/156540/radar-iron-continues-due-diligence-on-mt-ruby-iron-ore-project-43190.html Radar Iron (ASX:RAD) has intercepted 30-40 metres thick magnetite rich skarn following reverse circulation drilling done as part of its due diligence of the Mt Ruby direct shipping ore deposit in North Queensland.

Radar Iron is in the process of acquiring 51% of the project via farm-in agreement with Developed Iron Ore.

The 11 hole RC drilling was completed for 497 metres and the best intervals received were 28 metres at 47.1% iron and 20 metres at46.9% iron.

Radar is also currently re-negotiating with the vendor for a revised acquisition structure and also to include other nearby prospects using a more standard farm-in structure as the quantity of potentially DSO is less than indicated from surface category.

Since the area is highly prospective for magnetite mineralisation, Radar is keen about the acquisition.

The Mt Ruby project also is close to infrastructure and lies within 120 kilometres trucking distance from the port near Innisfall.

As part of a re-negotiated farm in deal, the two are discussing the inclusion of these projects into a proposed joint venture structure.

Radar is also considering other project acquisition both in Australia and overseas.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 13 May 2013 17:00:00 +1000 https://www.proactiveinvestors.com.au/companies/news/156540/radar-iron-continues-due-diligence-on-mt-ruby-iron-ore-project-43190.html
<![CDATA[News - Radar Iron moves towards acquisition of Queensland DSO project ]]> https://www.proactiveinvestors.com.au/companies/news/156539/radar-iron-moves-towards-acquisition-of-queensland-dso-project--39682.html Radar Iron (ASX: RAD) is advancing the acquisition of a 51% interest in Mount Ruby DSO deposit in Far North Queensland with due diligence now underway.

Significantly, this project, which is being acquired from private company Developed Iron Ore, offers the potential for near term and substantial cash flow for Radar.

Mining of the high grade direct shipping magnetite ore is planned for the second half of 2013 with approvals in place or pending.

A drilling contractor has now been secured to begin drill testing in early March subject to pending environmental approvals.

Discussions are underway with a number of potential investment partners with a view to funding the acquisition and project development through offtake agreements.

Continuing discussions with Port authorities have confirmed capacity and the ability to provide the required shipping export solution

Mt Ruby lies within 120 kilometres trucking distance from the port near Innisfail.

Developed Iron Ore has already completed project evaluation and mining studies on the project and agreements are in place to enable transport including highway trucking and export through the port of Mourilyan.

Other approvals already in place or pending allow an initial mining rate of 600,000 tonnes per annum with mining slated to begin in the December quarter 2013.

A heads of agreement is in place for allocation at Port Mourilyan of two 45,000 tonne shipments per month with the potential for further allocations. Space at the port has also been granted for the stockpiling of iron ore.

Providing the exploration upside, a target has been defined for the high grade magnetite mineralisation at Mt Ruby of 8 to 27 million tonnes at 57% to 68% iron.

The mineralisation is open to the west and north and planned drilling in coming months will test for potential extensions.


Acquisition terms

Radar has until April 30, 2013 to complete due diligence, during which time it must drill 10 reverse circulation holes.

Upon successful due diligence Radar will pay $5 million to Developed Iron Ore and commit $3 million to the development of the project, after which it will acquire a 51% interest in the Mt Ruby Project.


Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 18 Feb 2013 13:10:00 +1100 https://www.proactiveinvestors.com.au/companies/news/156539/radar-iron-moves-towards-acquisition-of-queensland-dso-project--39682.html
<![CDATA[News - Radar Iron to acquire stake in Queensland high grade DSO project ]]> https://www.proactiveinvestors.com.au/companies/news/156538/radar-iron-to-acquire-stake-in-queensland-high-grade-dso-project--39323.html Radar Iron (ASX: RAD) has plans to acquire a 51% interest in the Mount Ruby Magnetite deposit in the Innisfail district of Far North Queensland from private company Developed Iron Ore.

Significantly, this project offers the potential for near term and substantial cash flow for Radar.

Mining of the high grade direct shipping magnetite ore is planned for the second half of 2013 with approvals in place or pending.

Mt Ruby lies within 120 kilometres trucking distance from the port near Innisfail.

Developed Iron Ore has already completed project evaluation and mining studies on the project and agreements are in place to enable transport including highway trucking and export through the port of Mourilyan.

Other approvals already in place or pending allow an initial mining rate of 600,000 tonnes per annum with mining slated to begin in the December quarter 2013.

A heads of agreement is in place for allocation at Port Mourilyan of two 45,000 tonne shipments per month with the potential for further allocations. Space at the port has also been granted for the stockpiling of iron ore.

Providing the exploration upside, a target has been defined for the high grade magnetite mineralisation at Mt Ruby of 8 to 27 million tonnes at 57% to 68% iron.

The mineralisation is open to the west and north and planned drilling in coming months will test for potential extensions.

Preliminary financial evaluation of the project suggests that total development capital required is $15 million with production cash cost estimated at $60 per tonne FOB. These numbers will be validated and refined in the due diligence process.

Given these expected production costs and sales value of the product, an early payback is considered likely.


Mt Ruby geology

The Mt Ruby Project magnetite is a skarn deposit, generated from the intrusion of granite into a massive limestone with the subsequent development of high grade magnetite.

The magnetite is exposed on surface as a low lying ridge of about 200 by 80 metres.

The mineralisation dips under shallow cover outside the outcropping ridge with geophysical exploration indicating the deposit could total 500 by 300 metres in size.

The orebody has an interpreted minimum thickness of 60 metres based on two historical drill holes which ended in magnetite.

Ninety three geochemical sampling results from surface, from a historic trench and down a 20 metre deep shaft at Mt Ruby, confirm the presence of high grade magnetite with results between 52.5% and 69.5% iron with an average grade of 64.2%.

The samples were consistently low in silica, alumina, sulphur and phosphorus.

Metallurgical work has shown that the lower grade zones can be readily beneficiated to a high grade product.


Acquisition terms

Following a $100,000 option payment Radar has until April 30 2013 to complete due diligence, during which time it must drill 10 reverse circulation holes.

Upon successful due diligence Radar will pay $5 million to Developed Iron Ore and commit $3 million to the development of the project, after which it will acquire a 51% interest in the Mt Ruby Project.

Following this the two companies will contribute to further development in accordance with their joint venture interests.

Radar will issue Developed Iron Ore $1 million shares on the definition of a JORC Resource of a minimum grade of 60% iron, as well as at the commencement of mining.


Road ahead

Following the successful due diligence process, Radar will work with Developed Iron Ore to rapidly obtain all approvals and finalise contractual arrangements aimed at enabling mining to commence in 2013.


Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Fri, 08 Feb 2013 10:50:00 +1100 https://www.proactiveinvestors.com.au/companies/news/156538/radar-iron-to-acquire-stake-in-queensland-high-grade-dso-project--39323.html
<![CDATA[News - Radar Iron to discuss the road to iron ore feasibility studies at upcoming One2One Forum in Sydney ]]> https://www.proactiveinvestors.com.au/companies/news/156537/radar-iron-to-discuss-the-road-to-iron-ore-feasibility-studies-at-upcoming-one2one-forum-in-sydney-29260.html Radar Iron (ASX: RAD) has established a clear path towards feasibility for the Muldoon Prospect at the Johnston Range Iron Ore Project in Perth, with the recent delivery of a maiden JORC Resource, and will discuss this at the upcoming One2One Forum in Sydney on 6 June.

REGISTER HERE

The company is also focused on expanding and defining its hematite resource inventory through drilling at several targets.

Importantly, Radar’s success so far is already attracting attention, with parties expressing interest in both magnetite and hematite mineralisation. Discussions are underway with regard to fast tracking the exploration and development of the company’s projects.

Managing director Jonathan Lea told Proactive Investors that the delivery of the maiden resource for Muldoon was the first in a series of increased resource steps Radar Iron plans to take. “The aim is to get up to 5 to 10 million tonnes by the end of the year and at that level we then start looking at Feasibility Studies with an aim to mining in 2014,” Lea said.

THE EVENT:

The One2One Forum brings you five presenting companies with presentations starting at 5:30pm.
 
The event is FREE, but registration IS A MUST.

DETAILS: The event will be held on Wednesday 6th June at the Radisson Blu Hotel, corner of Pitt and O'Connell Street, Sydney from 5.30pm.

The event will be followed by a wine and canapé reception where you can interact with the presenting MD's & CEOs.
 
SPECIAL EARLY BIRD DOOR PRIZE: If you arrive by 5:15pm and register for the event - you qualify for the draw for the special door prize of a HD James Bond Spy Pen Digital Video Recorder & Camera.

LUCKY DOOR PRIZE: All attendees instantly go into the draw to win 1 of 3 lucky door prizes drawn on the night: a $100 voucher for Radisson Blu Hotel, a $100 travel voucher, and a bottle of Veuve Clicquot Champagne.

FULL PRESENTER LIST

Radar Iron (ASX:RAD)

Radar Iron (ASX: RAD) Radar Iron's key assets include iron ore rights to tenements in the highly prospective central Yilgarn region of Western Australia, with the province rapidly being recognised as having distinct infrastructure advantages over the Mid West and Pilbara regions.

Norwest Energy (ASX:NWE)

Norwest Energy (ASX: NEW) Norwest Energy is focused on shale gas exploration in the Perth Basin, Western Australia, where it is poised to fracture stimulate and test the key Arrowsmith-2 well. It is also carrying out exploration work in southern UK near the giant Wytch Farm oil field.

ZYL Limited (ASX:ZYL)

ZYL Limited (ASX: ZYL) ZYL Limited is focused on developing anthracite coal projects in South Africa, and has the potential to transition to producer in 2013. The company has already received non-binding expressions of interest for up to 4Mtpa of saleable product.

Latin Resources (ASX:LRS)

Latin Resources (ASX: LRS) Latin Resources is focused on exploration and development in the mineral rich country of Peru, with projects including the strategically located Guadalupito Iron & Mineral Sands Project, which has JORC Resource of 119MT at 5.7% Heavy Minerals.

Northwest Resources (ASX:NWR)

Northwest Resources (ASX: NWR)  Northwest Resources is an emerging Australian mining company with a focus on developing its core Blue Spec Shear high grade gold-antimony deposits, which are hosted within the company's flagship Nullagine project in Western Australia.

 

Proactive Investors is a market leader in the investment news space, providing ASX “Small and Mid-cap” company news, research reports, StockTube videos and One2One Investor Forums.

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Fri, 25 May 2012 07:40:00 +1000 https://www.proactiveinvestors.com.au/companies/news/156537/radar-iron-to-discuss-the-road-to-iron-ore-feasibility-studies-at-upcoming-one2one-forum-in-sydney-29260.html
<![CDATA[News - Radar Iron nears start of drill testing broad zone of potential high grade iron at Johnstone Range ]]> https://www.proactiveinvestors.com.au/companies/news/156536/radar-iron-nears-start-of-drill-testing-broad-zone-of-potential-high-grade-iron-at-johnstone-range--27958.html Radar Iron (ASX: RAD) has received drilling approval for the recently identified hematite target at its Johnston Range Project, strategically located in the Yilgarn region of Western Australia.

The 800 metre long by 100 metre wide zone of potential hematite mineralisation was discovered through rock chip sampling which returned average grades of 59.5% iron.

Drill testing is planned for next month subject to drill rig availability.

Mapping and geophysical assessment at the Johnston Range Project continue to define further hematite targets which will be drill tested in 2012.

Radar is targeting the definition of a maiden hematite Resource for the Johnston Range in the coming months.

The company has access to more than 1,100 square kilometres of tenements, with the latest drill tests only exploring a fraction of the area that is believed to have hematite potential.

In early April, Radar discovered two zones of hematite mineralisation at Johnston Range, with further drill testing planned to test a number of other hematite targets.

The two adjacent hematite zones within the Muldoon prospect are each up to 1 kilometre long and between 10 and 25 metres wide. Both have been tested to about 30 to 40 metres below surface.

Highlights from drilling at these zones include:

- 32 metres at 60.4% iron from 6 metres;
- 34 metres at 59.4% iron from surface; and
- 26 metres at 59.5% iron from 6 metres.

 

Die Hardy

While Radar is focusing on regional exploration for hematite over the large land holding, it is also continuing work at the Die Hardy magnetite project, which lies around 30 kilometres southeast of Johnston Range.

The company is progressing a Pre Feasibility Study and has begun metallurgical studies and hydrogeological studies.

In late 2011, Radar delivered a maiden JORC Resource of 353 million tonnes at 26.1% iron from Die Hardy, with more than 60% of the resource in the Indicated category.

Importantly, Die Hardy has further demonstrated the potential to be economically viable, with modelling indicating a saleable concentrate of 112 million tonnes at 69.2% iron.



Proactive Investors is a market leader in the investment news space, providing ASX “Small and Mid-cap” company news, research reports, StockTube videos and One2One Investor Forums.

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Mon, 23 Apr 2012 09:50:00 +1000 https://www.proactiveinvestors.com.au/companies/news/156536/radar-iron-nears-start-of-drill-testing-broad-zone-of-potential-high-grade-iron-at-johnstone-range--27958.html
<![CDATA[News - Radar Iron identifies DSO iron ore targets at Jackson and Boondine projects ]]> https://www.proactiveinvestors.com.au/companies/news/156535/radar-iron-identifies-dso-iron-ore-targets-at-jackson-and-boondine-projects-19817.html Radar Iron (ASX: RAD) is about to ramp up news flow across several of the company's projects.

The latest positive news is that iron ore targets have been identified from an aeromagnetic survey, which includes  an additional 20 kilometres of magnetic responses.

The survey was over the Die Hardy, Boondine and Jackson projects which are located in the Southern Cross district of Western Australia, which comprised 8,300 flight line kilometres.

The outcome is that several areas of direct shipping ore mineralisation have been defined at the Jackson and Boondine projects.

At Die Hardy, which is the initial main magnetite target for Radar, the data highlighted new untested magnetic units to the north and north-west of the existing drilling - indicating a combined strike length of 4 kilometres.

Magnetic modelling for all the recently acquired data is currently underway, with ground reconnaissance of potential anomalies kicking off this month, and following drilling approval, drill testing is expected to commence in early 2012 at the high priority targets.

In total Radar holds around 1200 square kilometres of tenements in the Yilgarn Iron Ore Province, with 120 kilometres of banded iron formations - which are largely unexplored for iron ore.


Johnston Range DSO targeted drilling to commence

Jon Lea, managing director of Radar, told Proactive Investors today that a 3000 metre reverse circulation drilling program will kick off next month at the Johnston Range project.

The project is significant for Radar, with around 20 direct shipping ore targets having already been identified, which Lea said have the potential to host 2Mt to 5Mt hematite deposits in pods.

Johnston Range hosts 40 linear kilometres of banded iron formation, and has the potential to deliver a JORC Resource in the short term.

Radar has outlined at the project an exploration potential for magnetite of 4.0Bt to 6.7Bt at 20% to 45% iron, which is based on significant magnetite being intersected by drilling.


Die Hardy maiden JORC in coming months

Highlighting another project moving forward quickly, Die Hardy is forecast to deliver a maiden JORC Resource in November this year.

A Scoping Study at the project was completed recently, which helped boost the potential of Die Hardy being a viable project, with realistic transport, power and water infrastructure available.

Once the JORC Resource has been received, Radar will initiate a Pre-Feasibility Study.

 

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Tue, 20 Sep 2011 12:00:00 +1000 https://www.proactiveinvestors.com.au/companies/news/156535/radar-iron-identifies-dso-iron-ore-targets-at-jackson-and-boondine-projects-19817.html
<![CDATA[News - Radar Iron highly encouraging 69.4% iron concentrate grade from Die Hardy Range ]]> https://www.proactiveinvestors.com.au/companies/news/156534/radar-iron-highly-encouraging-694-iron-concentrate-grade-from-die-hardy-range-17801.html Radar Iron (ASX: RAD) metallurgical test work at the company's Die Hardy Range project is delivering some encouraging results, including a 69.4% iron concentrate grade with 4.1% silica, for a mass recovery of 40.3%.

The results are based on 163 four metre composite samples and confirm preliminary results and most importantly the potential for the mineralisation to be treated to produce a saleable concentrate.

Jon Lea, managing director, added "The relatively coarse grind size and excellent concentrate properties are highly encouraging.”

Radar Iron continues to move exploration forward quickly at the project, with resource drilling over 2 kilometres of strike to continue before a resource estimation is undertaken, with a JORC Resource forecast for later this year.

Based on surface mapping, geophysical interpretation and drilling to date the exploration potential of the Die Hardy mineralisation is estimated to be 700Mt to 1,200Mt at 29% to 33% iron.

The company will also conduct a Scoping Study in the December 2011 quarter to establish the projects viability, along with the required resource size, a preferred infrastructure route and power / water solutions.

Radar Iron's projects are strategically located in the highly prospective Yilgarn iron ore province of Western Australia.

 

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Tue, 12 Jul 2011 09:38:00 +1000 https://www.proactiveinvestors.com.au/companies/news/156534/radar-iron-highly-encouraging-694-iron-concentrate-grade-from-die-hardy-range-17801.html
<![CDATA[News - Radar Iron 5.3 billion tonne magnetite exploration potential at Johnston ]]> https://www.proactiveinvestors.com.au/companies/news/156533/radar-iron-53-billion-tonne-magnetite-exploration-potential-at-johnston-13509.html Radar Iron (ASX: RAD) has hit the exploration track running after confirming a 5.3 billion tonne magnetite potential, just six weeks after listing on the ASX.

Radar said the total iron mineralisation target exploration potential is 5.8 billion tonnes.

The targets were identified by aero-magnetic data covering the company's Johnston Range project, which is strategically located in the Yilgarn iron ore province of Western Australia.

Independent geophysical consultants, Resource Potentials from Perth, conducted the review.

The full results include exploration potential for iron mineralisation of 5.83 billion tonnes, at 20% to 65% iron, for 493 million tonnes at 40% to 65% iron.

Radar's objective is to define a maiden magnetite resource by the end of 2011.

 

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Mon, 31 Jan 2011 08:55:00 +1100 https://www.proactiveinvestors.com.au/companies/news/156533/radar-iron-53-billion-tonne-magnetite-exploration-potential-at-johnston-13509.html
<![CDATA[News - Radar Iron maiden drilling hits magnetite at prospects in Yilgarn region ]]> https://www.proactiveinvestors.com.au/companies/news/156532/radar-iron-maiden-drilling-hits-magnetite-at-prospects-in-yilgarn-region-13209.html Perth based Radar Iron (ASX: RAD) has discovered significant intervals of magnetite mineralisation, including 154 metres at 29% iron, at the Johnstone Range project in Western Australia.

Davis Tube recovery test work indicates concentrate grades to 71.1% iron with high mass recoveries.

Radar said overall results averaged 28% to 30% iron, with the Davis Tube test work indicating that the magnetite rich formation at the Lara and Beven prospects can be beneficiated into high grade concentrates with low impurities.

These latest results are from reverse circulation drilling in late 2010 over 1388 metres.

The Johnstone Range project is located in the central Yilgarn region.

 

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Wed, 19 Jan 2011 11:13:00 +1100 https://www.proactiveinvestors.com.au/companies/news/156532/radar-iron-maiden-drilling-hits-magnetite-at-prospects-in-yilgarn-region-13209.html
<![CDATA[News - Well funded Radar Iron targeting magnetite resources in Central Yilgarn ]]> https://www.proactiveinvestors.com.au/companies/news/156531/well-funded-radar-iron-targeting-magnetite-resources-in-central-yilgarn-12940.html With an exploration potential target of 10 to 20 million tonnes at 58 to 62% iron by mid-2011, Radar Iron (ASX: RAD) has the cash in the bank for exploration after a successful IPO in December 2010, with the company being admitted to the ASX.

The company goal by the end of 2011 is to define an initial magnetite resource exploration potential of; 300 to 500 million tonnes at 25 to 35% iron.

Radar Iron has assay and Davis Tube results pending, which it expects to receive this month, from the late 2010 reverse circulation magnetite focused drilling campaign at the Johnson Range and Die Hardy Projects.

Radar Iron has now planned a two week reverse circulation drilling campaign at the Johnson Range hematite targets, which will commence in February.

The market has supported Radar Iron since listing at the awkward time in the week before Christmas 2010, with the shares last trading at $0.255, 28% higher than the $0.20 IPO price.

 

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Tue, 11 Jan 2011 09:26:00 +1100 https://www.proactiveinvestors.com.au/companies/news/156531/well-funded-radar-iron-targeting-magnetite-resources-in-central-yilgarn-12940.html
<![CDATA[News - Radar Iron admitted to the ASX with a Western Australian hematite and magnetite focus ]]> https://www.proactiveinvestors.com.au/companies/news/156530/radar-iron-admitted-to-the-asx-with-a-western-australian-hematite-and-magnetite-focus-12677.html With key assets iron ore rights to tenements in the highly prospective central Yilgarn region of Western Australia, Radar Iron (ASX: RAD) has been admitted to the ASX after offering an IPO of 30 million shares at $0.20 to raise $6 million.

Securities in the newly minted company will commence trading at 1pm EDST on Tuesday, 21 December 2010, with a total of 36,614,500 shares on issue when trading commences.

Radar was formed to hold the iron ore assets previously owned by Transit Holdings Ltd, covering 290 square kilometres in the Marda-Diemals greenstone belt, situated in the central Yilgarn region of Western Australia.

The company said significant potential exists for both hematite and magnetite mineralisation in a largely untested series of banded iron formations, located in a region where substantial iron ore production has been sustained for more than 20 years.

Radar's primary objective is to rapidly complete targeted exploration programs with a view to defining a JORC compliant iron ore resource by mid-2011.

 

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Mon, 20 Dec 2010 11:36:00 +1100 https://www.proactiveinvestors.com.au/companies/news/156530/radar-iron-admitted-to-the-asx-with-a-western-australian-hematite-and-magnetite-focus-12677.html