Nelson Bay Iron Ore
Nelson Bay Iron Ore Project covers the Nelson Bay Magnetite deposit with Inferred Mineral Resources reported to JORC guidelines. The quality of the resources is currently standing at 6.8Mt @ 38.2% magnetite at a 20% magnetite cut off and the company is looking to improve the quality of it. The company also plans to follow up recent drilling of near surface iron oxide mineralisation to delineate direct shipping ore.
The Adamsfield Licence
The Adamsfield Licence contains platinum group mineralisation attributed to the ultramafic rocks of the Adamsfield Ultramafic Complex. The company plan to explore for economic platinum group mineralisation using new geological concepts for the formation of stratiform platinum group elements within ultramafic rocks.
The Sulphide Creek Tenement
Sulphide Creek Tenement is an advanced project with wide zones of poorly understood low grade gold mineralisation hosted in Ordovician clastics and limestones proximal to a major fault.
Catamaran Exploration Licence
Catamaran Exploration Licence is an advanced prospect warranting further exploration to define an open cut coal resource. Historic exploration results for coal deposits have been reported to JORC guidelines.
Mt Sorell Tenement
Mt Sorell Tenement hosts an untested base metal soil anomaly at the southern end of the world class Cambrian-aged Mount Read Volcanic base metal province, which hosts the Rosebery, Hellyer and Mount Lyell mines. The area also contains favourable stratigraphy and structural interaction to provide potential for Henty Mine-style gold mineralisation.
Mt Bertha
Mt Bertha is a large tenement with a series of discrete magnetic anomalies associated with a major, magnetically defined structure. Targets include iron ore (Savage River-style), nickel (Avebury-style), iron oxide/copper-gold mineralisation and structurally controlled gold deposits.
Sector: Materials
Shares on Issue: 23,422,500
Current Market Capitalisation: $3,864,713
Website: http://www.shreeminerals.com
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