QUEEN VICTORIA ROCKS
This Project Summary was last updated 2010-05-09 19:56:37.The Queen Victoria Rocks Project is located 30km south-west of Coolgardie, Western Australia. The project adjoins ground in joint venture with major nickel company Mincor Resources NL.
The project has historical nickel sulphide intercepts and gold potential.
All tenements are 100% owned by Hannans.
NEWS FLOW...
January 31, 2012
HNR AGM Presentation
More...January 31, 2012
2nd Quarter Activities Report
October 31, 2011
1st Quarter Activities Report
More...September 30, 2011
Annual Report 2011
More...July 29, 2011
4th Quarter Activities Report
HANNANS REWARD
Our Exploration Team completed a substantial amount of preparatory field work and permitting during Q2 2011 and is now ready to test gold, nickel, manganese and iron targets with RC and diamond drilling during Q3 and Q4. Direct exploration cash expenditure during the Q was $0.9M. The Exploration Manager has set out the work completed during Q2 2011 in his report that follows.
In August 2011 we’ll commence RC drill testing a number of deep nickel sulphides targets at the Forrestania Project. These have been generated after a detailed study of the projects geology, geochemistry and geophysical data sets. Shortly thereafter we’ll commence a comprehensive RC drill program aimed at identifying high grade gold and nickel sulphides at Lake Johnston. We’re particularly excited about the gold drilling because the targets are robust and the gold price is high. Any gold exploration success at Lake Johnston should result in an immediate re-rating of the share price. The opportunity to put together the Company’s first mineral resource is likely to come from an RC and diamond drill program planned for manganese at the Jigalong Project late in Q3 or early Q4. An exploration budget of $4.5M has been set aside for the balance of 2011.
During the Q it was announced that Hannans’ iron and manganese projects would be developed within a new company owned 100% by existing Hannans shareholders. The Record Date for determining entitlement to the ‘spin out’ has been amended, as required by ASX, to a date to be fixed after consideration of the matter by shareholders. All details will be contained in a Notice of Meeting to be lodged in August 2011.
HANNANS INVESTMENT MANAGEMENT
At the end of the Q the equity and convertible loan portfolio was worth approximately $28.7M and the cash at bank $0.7M. No material purchases or sales of listed or unlisted equities took place during the Q. The equity portfolio will be sold down as and when required to fund exploration and working capital.
CORPORATE BOARD SERVICES (CBS)
The CBS Team lodged its first IPO during the Q.
More...June 28, 2011
AMEC 2011 Presentation
June 17, 2011
The Gold Coast Resources Showcase 2011
View the presentation | Download
More...May 13, 2011
RIU Sydney Presentation
More...April 29, 2011
3rd Quarter Reports
More...April 3, 2011
Hannans Reward Ticks All of the Right Boxes
More...
February 7, 2011
Investor Presentation - February 2011
More...January 31, 2011
2nd Quarter Activities Report
More...October 12, 2010
1st Quarter Activities Report
Forrestania Project
- Field reconnaissance activities at the Forrestania Project have identified BIF outcrop in a number of locations at the Beautiful Sunday West Prospect area (E77/1512). The extensive BIF outcrop has confirmed the presence of greenstone stratigraphy in the area and has also significantly increased the probability of identifying ultramafic lithologies in the area.
- A gravity survey has also been completed over the Beautiful Sunday West Prospect; the survey has helped to confirm the presence of greenstone lithologies west of the Beautiful Sunday Deposit (owned by Western Areas NL).
- Surface auger sampling has been completed over the western ultramafic within the Stormbreaker Prospect on tenements E77/1354, E77/1406, E77/1430, P77/3607, P77/3848 and P77/3849 for a total of 3,152 samples, assays results are pending.
- Wide spaced auger sampling has also been completed at the Stormbreaker North area (M77/693), assays results have been received. The data has been processed and has confirmed that the central ultramafic unit continues north on to tenement M77/693.
- Gold anomalism has been identified in historical RAB drilling north-west of the Forrestania Project-Skeleton Rocks Prospect, an Exploration License application (ELA77/1846) has been processed by the DMP.
Queen Victoria Rocks Project
- RC percussion drilling commenced at the Benari Prospect within the Queen Victoria Rocks Project area. A total of 6 holes have been completed for 1,478 metres. The drilling to date has intersected amphibolites, komatiitic and granitic lithologies. Assays have been received for three holes with no significant assays to report.
Lake Johnston Project
- Gravity surveys were completed over the Ernest and Hardcore prospect areas; the surveys have shown that the gold mineralisation at both prospects is associated with a steep gravity gradient. The gravity gradient is interpreted to represent a large scale structure.
September 13, 2010
Commencement of QVR Drilling
- Reverse circulation (RC) drilling commenced on the weekend testing nickel sulphide targets at the Benari Prospect
- Plan to complete up to 12 RC holes to depths between 250-300m (approximately 3,000 metre program)
- Targets comprise co-incident geological, geophysical and geochemical anomalies
- Additional tenure applied for covering prospective tenure
August 2, 2010
BRR Interview - Update on Forrestania and Queen Victoria Rocks Projects
Click here for the interview with Hannans Reward Exploration Manager, Mr Don Huntly
Click here for more BRR interviews
July 29, 2010
4th Quarter Activities Report
Forrestania Project - Nickel and Gold
- A twelve hole reverse circulation (RC) drilling program has been completed for 2,446 metres at the Forrestania Project. Favourable ultramafic host rock lithologies have been confirmed from the drilling
- Surface TEM traverses have been completed over the central ultramafic corridor at Forrestania. The survey has generated TEM anomaly coincident with an historic soil anomaly (PAC_007)
- Ongoing RC percussion drilling at Forrestania expected to commence during the December quarter
Queen Victoria Rocks Project - Nickel
- Hannans auger sampling has been processed resulting in two priority anomalies being generated over the western ultramafic contact position (EMT5 prospect area) at Forrestania
- Three discrete moving loop electromagnetic (EM) anomalies have been identified from recently completed geophysical surveys at the Queen Victoria Rocks Project (Benari Prospect). The EM anomalies are coincident with helicopter borne VTEM anomalies and historical geochemical (nickel and copper) anomalies announced on 19 May 2010
- Reverse circulation drill testing of nickel sulphide targets at the Benari Prospect is being planned for the coming Quarter
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 18, 2010
QVR Nickel Project Update
- Three discrete moving loop electromagnetic (EM) anomalies identified from recently completed ground geophysical surveys.
- Ground EM anomalies coincident with helicopter borne VTEM anomalies and historical geochemical (nickel and copper) anomalies announced on 19 May 2010.
- EM and geochemical anomalies also located within favourable geological setting associated with ultramafic lithologies.
- Reverse circulation drill testing of nickel targets planned for current Quarter.
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
May 19, 2010
Queen Victoria Rocks Nickel Project
Hannans Reward will recommence nickel sulphide exploration at its 100% owned Queen Victoria Rocks project located 30 km west of Coolgardie in the Goldfields region of Western Australia.
- QVR Nickel Project, one of three prospective, well located nickel sulphide projects in the Hannans portfolio
- Ground based electromagnetic (EM) survey to commence shortly at 100% owned QVR project
- EM survey designed to follow up airborne EM (VTEM) anomalies generated by Hannans during 2008
- 2008 EM anomalies coincident with geochemical anomalies generated by previous explorers during 2005
- Subject to outcome of ground EM survey and field verification of historical sampling, drill testing of nickel targets will commence
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
March 10, 2010
QVR Project Update
- Hannans to review work completed by Vale during 2009 before planning future nickel sulphide exploration programs at its 100% owned QVR Project
- Vale/Hannans joint venture agreement comes to an an end
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
October 22, 2009
Vale to drill test QVR Nickel Project
- Vale to drill test Queen Victoria Rocks (QVR) nickel project during October
- A review of historical data by Vale identifies a number of untested targets prospective for nickel that will be drill tested in October (3 holes)
- A recent geophysical survey (MLEM) completed by Vale identifies targets prospective for nickel that will also be drill tested in October (3 holes)
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 24, 2009
High Grade Gold at Sunday Project
- High grade gold mineralisation intersected in reverse circulation (RC) drilling: 4m @ 16.68 g/t, from 108m-112m (MSRCH021)
- Visible alteration with anomalous gold intersected in all drilled RC holes
- Drilling program managed and funded by Triton Gold Ltd (Triton)
- The combination of Hannans’ historical activities and Triton’s recent activities confirm the significant high grade gold potential of the Sunday Project
- Triton entitled to earn up to a 72% interest in gold rights only by funding the next $500,000 of exploration expenditure
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
October 20, 2008
Vale to explore QVR
- Companhia Vale do Rio Doce (Vale), the second largest diversified metals and mining company in the world, agrees to explore the QVR nickel sulphide project
- Subject to Vale meeting key milestones, Hannans to retain a 25% free carried interest through to completion of a bankable feasibility study
July 16, 2008
Fourth Quarter Activities Report
Joint venture negotiations in progress.
More...April 22, 2008
Quarterly Report
Final helicopter borne (VTEM) survey report received, numerous well located anomalies identified substantially increasing nickel prospectivity; anomalies adjacent to positive VTEM results obtained by the Mincor Resources NL / Emu Nickel Ltd JV
Hannans to seek joint venture for QVR Nickel Project
More...January 31, 2008
Quarterly Report
Helicopter borne geophysical (VTEM) survey targeting nickel completed; preliminary results define several well located geophysical anomalies
Lithogeochemical study to aid gold exploration commenced
Planning of extensive auger sampling targeting gold in the 3rd Quarter completed
More...October 31, 2007
Quarterly Report
A helicopter borne VTEM survey was planned over the QVR magnetic features during the 1st Quarter. Of particular interest is the magnetic feature to the north of the Spargos Ultramafic. It will be flown in conjunction with a major nickel miner, who is in joint venture with tenement holders on the tenure immediately to the west of Hannans ground.
A review of Hannans’ historical exploration results during the 1st Quarter has identified that lithogeochemical studies at the Spargos and Valliant gold prospects may assist drill targeting and identification of a source to the previously identified auger and gold anomalous alteration systems identified in the aircore drilling.
More...October 16, 2007
Exploration Plan
A helicopter borne electromagnetic survey (VTEM) has been planned for this Quarter over the QVR magnetic features.
Plans will be made to conduct lithogeochemical studies at the Spargos and Valliant gold prospects that may assist drill targeting and identification of a source to the previously identified
More...May 16, 2007
Exploratin Update
RC drill results for nickel have been returned and further geophysical surveys have been planned. Additional aircore programmes for gold have been proposed.
More...April 16, 2007
Quarterly Report
Reverse circulation (RC) drilling for nickel in progress to test geophysical targets
Follow-up aircore drilling required to increase understanding of gold-insoil anomalies
More...February 12, 2007
New IP anomalies to be drilled at Queen Victoria Rocks
Five discrete untested targets have been identified in a recently completed Induced Polarisation (IP) survey at the Queen Victoria Rocks (QVR) project and will be drill tested in March.
More...January 30, 2007
Nickel and Gold Exploration Commences Today at Queen Victoria Rocks
January 15, 2007
Quarterly Report
Aircore drilling (13,000m approx.) planned for January and February to test significant gold anomalies
Induced polarisation (IP) survey planned for February to refine previously identified electromagnetic (EM) conductors
Reverse circulation (RC) drilling planned for this Quarter to test IP targets for nickel sulphide mineralisation, subject to approvals
Ground EM survey completed during the 2nd Quarter that identified four new EM conductors
Flora survey completed during the 2nd Quarter
Auger sampling for gold completed and results received during the 2nd Quarter with new gold anomalies identified
More...December 21, 2006
Four New EM Conductors Identified at QVR Nickel Project
Four new ground geophysical (EM) anomalies have been identified at the Queen Victoria Rock (QVR) Project located 45 km south-west of Coolgardie, Western Australia. These conductors may indicate the presence of sulphides at depth. Induced polarization (IP) surveys are scheduled for January 2007 to better define the conductors prior to drill testing. Drill samples will be assayed for nickel. QVR is 100% owned by Hannans Reward Ltd
More...December 11, 2006
Second area of significant gold anomaly at QVR
A further two significant gold-in-auger soil anomalies have been identified at the Queen Victoria Rock (“QVR”) Project located 45 km south-west of Coolgardie, Western Australia. Aircore drilling is being planned to test these anomalies during January and February 2007. QVR is 100% owned by Hannans Reward Ltd
More...October 11, 2006
Quarterly Report
Aircore drilling (4,000m approx.) to test significant gold anomaly planned for November, subject to approvals, with results anticipated 2nd Quarter
Ground geophysical survey planned for 2nd Quarter
More...September 26, 2006
Significant gold anomaly at Queen Victoria Rocks
September 7, 2006
QVR North Acquisition
July 11, 2006
Quarterly Report
Drilling approvals obtained
More...April 20, 2006
3rd Quarter Activities Report
Queen Victoria Rocks (near Coolgardie, WA): significant gold / copper anomaly identified during historical data review
More...June 7, 2005
QVR Exploration Update
April 29, 2005
3rd Quarter Report
Assay results pending from recent drilling at QVR nickel sulphide prospect
More...April 8, 2005
QVR Drilling commences
March 15, 2005
QVR nickel sulphide update
January 18, 2005
Quarterly Report
Downhole electromagnetic surveys identified three significant off-hole conductors that may represent massive nickel sulphides
Drilling returned two separate 1 metre intervals of 1.3% nickel
More...November 26, 2004
QVR Nickel Sulphide Prospect
October 27, 2004
1st Quarter Activities Report
Queen Victoria Rock (QVR) Nickel Sulphide Prospect – Exploration during the quarter confirmed strong background nickel sulphide content in the ultramafic package (results released to the ASX on 12 August 2004). A follow-up seven hole diamond drilling and geophysics program commenced on 24 September 2004 and concluded on 23 October 2004. Results from this program are pending.
More...September 24, 2004
QVR Drilling & Nickel Conference
August 12, 2004
QVR Nickel Update & Initial Results
July 5, 2004
Quarterly Report
Approvals granted for drill testing at Queen Victoria Rock nickel prospect (near Coolgardie, Western Australia) – all government approvals have now been obtained enabling drill testing to commence. The initial diamond drill hole and down-hole geophysics is anticipated to commence within the fortnight.
More...April 20, 2004
Quarterly Report
Progress at Queen Victoria Rock – the moving loop and fixed loop electromagnetic (EM) survey completed at the QVR nickel sulphide prospect (near Coolgardie, Western Australia) has identified three anomalous (abnormal or deviating from general) responses that are interpreted to have bedrock sources (drill targets).
More...March 31, 2004
Queen Victoria Rock Interim EM Report
February 11, 2004
Ground TEM Survey at QVR Commences
January 30, 2004
Quarterly Report
Four prospecting licences at Queen Victoria Rocks located 50 kms south of Coolgardie were granted on 4 December 2003. The area, known as the Spargos Prospect, has returned intercepts for previous explorers including 1.52m @ 4.55% Ni, 9.15m @ 2.13% Ni and 4.57 m @ 1.30% Ni.
More...December 5, 2003
QVR Prospecting Licenses
November , 2003
Revived Spirits for Queen Victoria
