JIGALONG - IRON
This Project Summary was last updated 2010-05-05 00:23:19.
NEWS FLOW...
July 29, 2010
4th Quarter Activities Report
Forrestania Project - Nickel and Gold Queen Victoria Rocks Project - Nickel Summary of Activities
Hannans exploration activities are aimed at identifying an economic nickel sulphide deposit (internal target) in excess of 30Kt of contained nickel metal (i.e. stand alone operation) characterised by high tenor (i.e. the percentage of pentlandite relative to pyrrhotite)nickel sulphides. The target model is characterised by a small 'foot print' generally 200m to 300m in strike extent and 5m to 20m width but with a very elongated (+1km) linear down-dip extent. This makes exploration for such an ore body with surface EM methods technically challenging, particularly more so in a conductive environment.
July 20, 2010
Appointment of Exploration Manager
- Mr Don Huntly appointed Exploration Manager
- Mr Huntly’s background includes Chief Exploration Geologist for Xstrata Nickel Australasia (October 2008 – December 2009), District Exploration Manager for Jubilee Mines NL (February 2004 – October 2008) and Exploration Project Manager for Goldfields of South Africa
- Mr Huntly’s nickel experience will add significant value to Hannans’ nickel sulphide exploration projects at Forrestania, Lake Johnston and Queen Victoria Rocks
April 30, 2010
3rd Quarter Activities Report
Forrestania Project – Nickel & Gold
- Government approvals process delays RC drilling (originally scheduled to commence mid March 2010)
- All required approvals now received, drill pads and access pads cleared, drilling scheduled to commence early May
- Final processing & interpretation of helicopter borne VTEM survey produces additional electromagnetic (EM) anomalies at Stormbreaker*, Skeleton Rocks and Lucy Rocks Prospects
- Review of historical ground geophysical surveys identifies 5 new EM anomalies located within Stormbreaker Prospect Ground EM surveying of these 5 new EM anomalies produces 8 new RC drill targets
- Multiple tenement applications made
- Field reconnaissance of newly applied for tenements confirms the presence of prospective ultramafic stratigraphy
- Anomalous rock chip returns values including: 1055ppm Ni, 529ppm Cu, 1360ppm Cr and 35ppb Pt
Lake Johnston Project
- Review of historical ground geophysical surveys identifies 3 new EM anomalies
- Follow-up ground geophysical surveys to be completed during May
Queen Victoria Rocks Project
- Hannans/Vale joint venture comes to an end
- Hannans retains 100% of project and will review data before planning next phase of exploration
Jigalong Project
- 370 surface samples collected
Sunday Project
- Results pending from three diamond drill holes completed by joint venture partner
January 31, 2010
2nd Quarter Activities Report
Forrestania Project
- Helicopter geophysical (VTEM) survey at Stormbreaker
- Prospect successfully completed with anomalies generated
- Ground geophysical surveys commenced to follow up VTEM anomalies
- Settlement completed of additional ground at Stormbreaker Prospect
- Applications made for large landholding (called Skeleton Rocks) adjoining northern boundary of Stormbreaker
- Flora and fauna survey completed
- Next phase of RC drilling planned for current Quarter
- Subsequent to end of Quarter, experienced nickel consultant joins Forrestania Project exploration team
Lake Johnston Project
- High grade gold returned from 1 metre intervals confirms prospectivity for narrow high grade gold mineralisation
Queen Victoria Rocks Project
- Joint venture partner Vale completed six holes (mix of RC and diamond) testing nickel targets
Sunday Project
- Joint venture partner Triton Gold completed three diamond drill holes testing gold targets
Jigalong Projects
- Acquisition of aeromagnetic data to assist with gold and base metals exploration
- Manganese sale process deferred through to current Quarter (i.e. 3rd Quarter)
Corporate
- Warwick Resources Ltd shares converted into Atlas Iron Ltd shares following completion of Scheme of Arrangement
- Annual General Meeting completed and all resolutions passed
- Subsequent to end of Quarter, Mr Jonathan Murray appointed as non-executive director
December 22, 2009
Hannans becomes Top 10 shareholder of Atlas Iron Ltd
- Hannans Reward Ltd becomes Top 10 shareholder of Atlas Iron Ltd (“Atlas”)
- 8,133,334 Atlas shares held by Hannans’ wholly owned subsidiary, HR Equities Pty Ltd
- Atlas shareholding valued at $14.6 million
- Hannans believes Atlas well positioned to become a major player in the Pilbara iron ore market
November 3, 2009
Hannans Supports Atlas Iron / Warwick Resources Merger
- Hannans currently the 2nd largest shareholder of Warwick Resources Ltd (ASX:WRK)
- Independent Expert concludes that merger is in the best interest of Warwick shareholders
- On completion of merger, Hannans to become 8th largest shareholder of Atlas Iron Ltd (ASX:AGO) holding 8,133,333 shares representing 1.84% of the merged group
- Hannans shareholding valued at $14 million (based on AGO share price of $1.73)
- In Hannans’ view, Atlas poised to become increasingly significant iron ore company in the Pilbara region of Western Australia
- Hannans (through its wholly owned subsidiary HR Equities Pty Ltd) will VOTE FOR APPROVAL OF THE SCHEME OF ARRANGEMENT on 30 November 2009
September 22, 2009
$5.5M Capital Raising Completed
- All recently announced capital raisings ($5.5 million total) now completed
- Tranche 2 Placement shares tradable from Tuesday, 22 September 2009
- Drilling for gold at Lake Johnston now completed, assays expected October
- Drilling for nickel at Forrestania in progress, assays expected October
- Drilling for nickel at Queen Victoria Rocks by joint venture partner Vale(www.vale.com) scheduled for early October
- Geophysical survey (VTEM) at Forrestania scheduled for early October
- Hannans in strong financial position with cash at bank in excess of $6 million and listed equities worth $13 million
September 14, 2009
General Meeting Presentation
General Meeting
14 September 2009
August 5, 2009
Warwick Expands Iron Projects in Eastern Pilbara
August 2, 2009
Agreement with Jigalong Community Inc
- Hannans confirmed as 100% legal and beneficial owner of the Jigalong Project, located 110kms east of Newman in the East Pilbara region of Western Australia
- Jigalong Community Inc (JCI) strongly supports Hannans’ and future joint venture partners’ exploration activities within the Jigalong lands, including providing timely assistance with land access and heritage related matters
- Hannans excellent long-term relationship with JCI ensures the Community has exposure to Hannans’ exploration portfolio through the issue of Hannans equity
- JCI becomes major shareholder of Hannans
August 2, 2009
Warwick completes successful DD on Jigalong Iron Project
- Warwick Resources Ltd (ASX:WRK) has advised that the Jigalong iron rights transaction is now unconditional and will settle on Tuesday, 4 August 2009
- Hannans to receive:
- $750,000 cash at settlement
- 14 million escrowed Warwick shares at settlement
- 8.3 million Warwick shares in 12 months; and
- 700,000 tradable Atlas Iron Ltd (ASX: AGO) shares at settlement
- Hannans supports the Warwick strategy of consolidating iron projects in the East Pilbara region of Western Australia
June 25, 2009
FerrAus follows Hannans / Warwick merger strategy
The Australian reported today in the Business Section that FerrAus also supports consolidation of East Pilbara iron projects. Click the link to read the article.
More...June 26, 2009
Drilling Gold and Base Metals at Jigalong
- Aircore drill testing of gold and base metals targets has commenced
- Initial assay results anticipated in early August 2009
June 19, 2009
Iron rights vended into Warwick Resources
- Jigalong Project Iron Rights transferred to Warwick Resources Ltd (ASX: WRK)for total consideration of $5.25 million payable in cash, Warwick shares and Atlas Iron Ltd (ASX: AGO) shares
- Strategy is to develop Warwick into a major iron company by consolidating iron projects located in the East Pilbara region of Western Australia
- Combined Hannans and Warwick iron projects have direct shipping ore (DSO) exploration target of 113 – 221 million tonnes at 56-60% iron
- Atlas Iron is the largest shareholder of Warwick (moving to 22.37%); Hannans to become the second largest shareholder of Warwick (17.85%)
- Hannans retains all manganese, gold, base metals & uranium rights (i.e. noniron rights) within Jigalong Project; drilling for manganese and base metals to commence this week.
April 30, 2009
3rd Quarter Activities Report
Jigalong Project-Manganese, Iron, Base Metals & Uranium
- Metallurgical test work on bulk surface manganese samples in progress
- New surface manganese prospect identified – Dead Camel Hill
- New possible channel iron-style mesa identified – Mesa 607 – assay 60% Fe
- Additional field reconnaissance of channel iron-style mesa to continue next week
Forrestania Project– Nickel Sulphides & Gold
- Approvals lodged to RC drill test geophysical targets – Stormbreaker
- Fixed loop geophysical survey completed – Beautiful Sunday West
- Auger soil sampling for gold in progress
Lake Johnston Project – Nickel Sulphides & Gold
- Auger sampling on Lake Johnston testing gold targets to commence in May
- 32 gold nuggets found on surface of Lake Johnston
- RC drilling planned for July to test onshore gold targets
- New tenement application increases strike length of prospective nickel ground
Queen Victoria Rock Project – Nickel Sulphides
- Vale farming-in to project
- Vale has reviewed Hannans existing data
- Field reconnaissance mapping has been completed
- Preparations made for completion of baseline environmental survey
Sunday Project– Gold
- AMF farming-in to project
- AMF to complete RC drill testing of gold targets in July
April 15, 2009
Shareholder update
- Takeover Bid
- Manganese & Iron
- Nickel
- Gold
March 27, 2009
Joint Statement with Jigalong Community Inc
- Hannans holds unencumbered legal title to 100% of the Jigalong Project (through its wholly owned subsidiaries).
- Hannans has an excellent relationship with the Jigalong Community Inc.
- Jigalong Community Inc have indicated they strongly support exploration activities within the Jigalong Lands and look forward to continuing to work with Hannans and future funding partners.
December 09, 2008
Jigalong Project - High Grade Iron
Additional high grade iron mineralisation intersected at Mijimiji iron prospect
- 18m @ 59.2% Fe from 68m
- 18 m @ 54.3% Fe (inc. 4m @ 63.3%) from 98m
- 28m @ 58.1% Fe from 69m
- 8m @ 55.6% Fe from 70m
All iron assays now returned and interpreted and the 1st pass reconnaissance drill program is deemed outstanding success.
More...September 30, 2008
High Grade Iron Discovered at Jigalong
High grade iron mineralisation has been intersected at the Mijimiji Iron Prospect at Jigalong.
Results include 20m @ 62.8%Fe (incl. 10m @ 65.5%Fe) from 50m depth and 42m @ 59.3%Fe (incl. 10m @ 62.7%Fe) with this drill hole ending in mineralisation.
Iron mineralisation is interpreted to occur over a breadth of ~300m and a strike length of ~8km.
The latest results are located ~2½ km west of high grade iron assays (incl. 16m @ 59% Fe) reported to ASX on 9 September 2008
Multiple batches of iron assays remain pendin.
More...September 9, 2008
Iron Mineralisation Confirmed At Jigalong
Iron mineralisation (including 16m @ 59% Fe) has been intersected in the first three holes submitted for assay from first pass drilling at the Jigalong Iron Project.
Mineralisation is interpreted to occur over a strike length of 8km and is located between two iron resources owned by Ferraus Ltd.
More...August 4, 2008
Iron Mineralisation Discovered At Jigalong
Iron mineralisation has been intersected in drilling at the Jigalong Project, 165km east of Newman in the East Pilbara region of Western Australia. Three holes, 100 metres apart, are believed to contain iron mineralisation in varying thickness from 20 metres to 40 metres.
Assay results are expected in approximately four to six weeks.
More...July 16, 2008
Fourth Quarter Activities Report
Preparations to test Jigalong iron targets have been completed and drilling is expected to commence in the next week.
New gravity surveys in progress to generate additional iron targets.
More...June 29, 2008
Iron exploration drilling to begin in July
Drill testing of iron targets at the Jigalong project will commence in July.
The targets are located between FerrAus's iron resources at Davidson Creek and Robertson range and extend over a distance of more than 9km.
More...April 22, 2008
Quarterly Report
Drill testing of iron targets scheduled for this Quarter
Final gravity interpretation identifying iron targets over 9km strike length completed
More...January 31, 2008
Quarterly Report
Gravity survey over the north-eastern section of the Project completed; preliminary results identified RC drill targets over strike length of 9km targeting iron mineralisation – refer attached location plan
More...January 1, 2008
Jigalong Iron Targets
Recent gravity survey identifies possible Iron Ore mineralisation More...November 21, 2007
Jigalong Iron Potential To Be Tested With Gravity Survey
October 31, 2007
Quarterly Report
A 3rd MMI soil sampling programme was completed during the 1st Quarter with an interpretation of the results to be released during November 2007
A detailed magnetic interpretation of the northern portion of the project was progressed during the 1st Quarter by Bruce Craven from Southern Geoscience, with the report anticipated to be received during November 2007
Discussions with the advisers to the Jigalong Community Inc continued during the Quarter and are ongoing
More...October 16, 2007
Exploration Plan
An interpretation of the 3rd soil sampling programme is anticipated to be made available during the Quarter
A detailed magnetic interpretation of the northern portion of the project area is also anticipated to be made available during the Quarter
Discussions with the Jigalong Community Inc’s advisers will continue during the Quarter with a view to finalising legal agreements as soon as practicable
More...August 28, 2007
Exploration Update
A third soil sampling programme has just been completed following receipt of encouraging early stage uranium, iron and lead anomalies
More...July 25, 2007
Base Metal Anomalism at Jigalong Project
May 16, 2007
Exploration Update
Heritage clearances are currently being sort to allow drill testing of the projected strike extent of the Marra Mamba Formation (MMF) which is interpreted to extend into the northwestern margin of the project area. The MMF hosts an iron ore deposit of 24.3 million tonnes at 58.7% iron immediately to the west of the Company’s project.
More...April 16, 2007
Quarterly Report
Anomalous iron and uranium values returned from soil sampling
Aeromagnetics identify possible extensions of the Marra Mamba formation within project area
Anomalous niobium values returned from soil sampling may indicate the presence of kimberlites
Exploration to continue this Quarter
More...January 15, 2007
Quarterly Report
Interpretation of soil, stream sediment and rock chip assays, satellite imagery, aeromagnetics and radiometrics planned for this Quarter
Field mapping planned for this Quarter
Acquisition of aeromagnetics and radiometrics planned for this Quarter
Soil, stream sediment and rock chip sampling completed 2nd Quarter
More...October 11, 2006
Quarterly Report
Field sampling in progress, results anticipated 2nd Quarter
Aeromagnetics & radiometrics to be flown 2nd Quarter
First drill programme scheduled for next field season
More...July 11, 2006
Quarterly Report
Tenements granted; field mapping commenced following recent site visit
More...June 9, 2006
Jigalong Iron Ore Tenements Granted
April 20, 2006
3rd Quarter Activities Report
Jigalong Project (near Newman, WA): tenements confirmed for grant early May
More...January 30, 2004
Quartlerly Report
Memorandum of Understanding announced with Jigalong Community Incorporated on 5 December 2003 to form a joint venture to explore within the Jigalong Lands, approximately 160 km east of Newman.
More...
