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Company Overview

Strike Resources is an Australian-listed resources company focussed on developing a large scale iron-ore project in Peru.

Apurimac and Cusco Iron Ore projects, Peru – These are large-scale iron ore projects, with Apurimac in the Pre-feasibility Study stage.  The Company is seeking to establish a 15 – 20 million tonne per annum (Mtpa) operation based on current JORC Indicated and Inferred Resources of 373Mt, with significant exploration upside. 

Cuervo Investment – Strike holds warrants entitling it to acquire 31.5% (undiluted) of Canadian-listed Peruvian exploration company Cuervo Resources Inc, which has an iron ore project adjacent to Strike's Cusco project.
 

Investor Fact Sheet

ASX Share Price (SRK)

Share Price: $0.068 Change: -0.002

Source: ASX Delayed by 20 minutes.

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Project Summary

Apurimac Overview

  • 100% owned large-scale iron ore project in Apurimac, Southern Peru
  • Strike holds concessions comprising 59,000 hectares at Apurimac
  • Current JORC Resource of 269Mt at 57.3% Fe
  • Objective to produce 20Mt of product per year

 

Cusco Overview

  • 100% owned potential stand-alone iron ore project in Cusco, Peru,
  • Strike holds concessions comprising 13,000 hectares at Cusco
  • Current JORC Resource of 104Mt at 32.6% Fe
  • Objective to produce 15-20Mt of product per year – or to provide ore feed for Apurimac project

 

Cuervo Overview

  • Strike holds warrants entitling it to acquire a 31.5% (undiluted) stake in Cuervo Resources Inc.
  • This strategic investment adds value to Strike’s Cusco project
  • Cuervo has 14,000 hectares of exploration land with substantial exploration upside
  • Cuervo has a JORC Resource of 178Mt at 48.2% Fe   

 

Berau 

Under a December 2012 agreement with its joint-venture partner Strike will exit this project in June 2013 in return for a payment of US$4.3 million. Project details are:

  •  Smaller-scale thermal coal project in Berau province, East Kalimantan, Indonesia
  •  Objective to produce 3Mt of thermal coal per year

 

 Paulsens East Overview

  • Tenements containing iron ore in the northwest Western Australia

 


 

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