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

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.

 

Iron Ore samples

The Company is pleased to report on the results of recently conducted drilling within its Apurimac Project, focused on its Coriminas V concession which is located within the Apurimac Project area where the Company has previously outlined a JORC Inferred Resource of 172 million tonnes grading 62.28% Fe.

 

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Latest NewsLatest News

Drilling Results Increase High Grade Ore Extensions to North of Opaban I
Tue, 03 Jun 2008

The Company is pleased to report a north-west extension of high grade iron ore mineralisation in...