Paulsens East Project (Western Australia) - 75%

The Paulsens East tenements cover a total area of 19.64 square kilometres.  The tenements are located approximately 140 kilometres west of Tom Price (close to bitumised road) and eight kilometres east-northeast of the Paulsens Gold mine in the northwest of Western Australia.

 

Strike is targeting a one million tonne per annum mining operation from this project with direct shipping (DSO) quality iron ore being trucked to an existing port in either Onslow or Dampier.

A map outlining these tenements and the area of the high grade hematite conglomerate mineralisation is shown below.

 

 

A 2,724 metre 58 hole RC drilling campaign was recently completed with results and analyses pending – this is expected to be received in August 2008.  Upon receipt of this data, Strike will conduct resource modelling to define a JORC resource and a model for mine planning purposes. 

A scope of works is being commissioned to outline the process to advance this project to a production phase, with the aim of mining operations commencing in the first half of 2010.

An Environmental  Survey is being conducted as a precursor to submitting a Mining Proposal to support mining operations commencing in the first half of 2010.

Strike has commenced the heritage process and has initiated discussions and negotiations with the Pilbara Native Title Service and the traditional owners’ claimant group to develop an initial “negotiating protocol” which outlines the process for finalising a mining agreement. 

Various other mining, transportation/haulage, port studies/proposals are being coordinated to develop an overall Scoping Study.

 

Section of Hematite Ridge