JIGALONG - MANGANESE

This Project Summary was last updated 2009-06-23 01:49:02.

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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
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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
     
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September 14, 2009

General Meeting Presentation

General Meeting
14 September 2009

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August 5, 2009

Warwick Expands Iron Projects in Eastern Pilbara

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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
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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
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June 5, 2009

Jigalong Manganese Testwork

  • Hill 616 confirmed as the highest priority surface manganese prospect with 3km strike length (approx.)
  • Testwork suggests opportunity exists to sell a manganese fines concentrate from the Jigalong Project for use in the steel alloy industry
  • Further testwork recommended including mineralogical examination of Hill 616 ore, additional crushing and grinding to assess potential for a fines product and drill testing to establish Hill 616 manganese profile
  • Aircore drilling at Hill 616 to commence mid June
  • Mineralogical examination (using QEMSCAN) to commence mid June
  • Scoping study into economic potential of Hill 616 surface manganese to commence subject to positive outcomes of further testwork
  • Significant potential remains to identify a sub-surface primary source of manganese with the greater Jigalong Project (approx. 2,000km2 in area)
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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
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April 15, 2009

Shareholder update

  • Takeover Bid
  • Manganese & Iron
  • Nickel
  • Gold
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April 7, 2009

Manganese Update

  • Bulk sampling of surface manganese completed over three prospects (Hill 616, Zebra Bore and Marumaru)
  • METS (www.mets.net.au) engaged to complete scoping study on surface manganese potential         
     
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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.
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September 23, 2008

Jigalong - Manganese Update

Primary manganese mineralisation intersected in RC drilling at the Marru - Manganese Prospect (E52/1813) – refer attached location map and photos - Mineralisation interpreted to continue along strike for 3km - Mineralisation ranging in widths from 5m to 30m at depths from surface to 60m - Seven of the fourteen RC holes intersected primary stratabound manganese

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September 1, 2008

Manganese Drill Programme Planned For Jigalong

Drill testing of manganese targets at Jigalong will commence upon completion of the current  iron exploration drilling programme.

The initial phase of manganese drilling will comprise approximately 20 holes for 1,500m. If encouraging manganese mineralisation is intersected, drilling will continue beyond the initial phase.

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July 16, 2008

Fourth Quarter Activities Report

Encouraging manganese assays reported during Quarter. Rock chip results of up to 38% manganese have been obtained from Hill 616 in the south.

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May 28, 2008

Manganese Potential at Jigalong

Manganese potential confirmed at Jigalong; rock chip sampling up to 37.56% manganese.

Dual iron-manganese exploration strategy implemented within Jigalong Project.

Active manganese exploration programme planned.

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July 11, 2006

Quarterly Report

Tenements granted; field mapping commenced following recent site visit

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April 20, 2006

3rd Quarter Activities Report

Jigalong Project (near Newman, WA): tenements confirmed for grant early May

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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.

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