Strike Resources Limited is an Australian based mineral exploration and development company with a diversified asset portfolio including hematite and magnetite iron ore projects in Peru, hematite and minerals sands projects in Australia and a thermal coal project in Indonesia (East Kalimantan).
Strike is rapidly accelerating the development of its Peruvian iron ore assets to take advantage of skyrocketing demand from steel mills around the world and is set to join the ranks of the world’s iron ore producers in 2009 when production commence at its Cuzco Project in Peru.
Strike has a 3 stage mining programme targeted for Peru:
STAGE 1 | 2 million tonnes per annum lump ore production from the Cuzco Project - 2009
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STAGE 2 | An expansion to 22 million tonnes per annum through an additional 20 million tonnes of concentrate production from the Apurimac Project - 2012 |
STAGE 3 | An expansion to 42 million tonnes per annum through an additional 20 million tonnes of concentrate production from the Cuzco Project - 2015 |
On 23 July 2008 Strike announced the results of the Pre-Feasibility Study (PFS) on its flagship Apurimac Iron Ore Project, which focuses on the development of a 20 million tonnes per annum mining operation with iron ore concentrate transported by slurry pipeline to the coast. Strike is now aggressively targeting the following key milestones;
· Expanding resource inventory in Apurimac to +300Mt (December 2008)
· Completion of Railway Scoping Study (September 2008)
· Completion of Bankable Feasibility Study (June 2009)
· First Production from Apurimac (first half of 2012)
Strike Resources trades on the Australian Securities Exchange (ASX) under ASX Code: SRK.
