Yilgarn Regional Exploration
Radar’s tenements contain over 120 linear kilometres of BIF outcropping as low ridges. Recent exploration has confirmed the presence of substantial hematite and magnetite mineralisation and resulted in maiden resource estimations.
Even with recent drill testing, only possibly 25% of the highly prospective potential hematite enriched areas have been tested to any degree. Further regional mapping and geophysical programmes will be used to identify the most prospective areas for future drill testing. The established potential for multiple hematite ore bodies creating a critical mass and the existing infrastructure being utilised for a relatively low capital cost should permit hematite mine production well into the future.
Exploration Potential for magnetite of 5.0Bt - 7.0Bt at 20-45% Fe* over Radar’s tenements has also been defined through assessment of geophysical properties and field validation. The focus for magnetite remains on the Die Hardy project (given the excellent results to date) but further drilling is highly likely to enable further resources to be defined.
With over 1,100km2 of tenements to explore and the success obtained to date, Radar remains optimistic that further discoveries will place the Company in a position to become a long term producer of iron ore.
* The potential quantity and grade of iron deposits reported as exploration potential is conceptual in nature and there has been insufficient exploration to define a Mineral Resource and it is uncertain if further exploration will result in the determination of a Mineral Resource