Big picture - Why invest in Apollo Minerals
Apollo Minerals Snapshot
Apollo (ASX:AON) is a base, precious metals & iron ore explorer. Apollo aims to enhance shareholder value by advancing projects through discovery, development & mining. AON’s exploration strategy targets highly prospective projects with the potential to become world class projects. AON’s focus is the development of the three key IOCG Joint Ventures. The Commonwealth Hill IOCG Joint Venture project in the Gawler Craton is a joint venture between AON and High Power Exploration Inc (HPX) to explore for IOCG deposits. HPX will deploy its ‘state of the art’ technologies & expertise to explore for IOCG’s across AON’s 100% held areas (770km2). HPX has made an initial equity investment in AON. Under the JV, HPX has the right to earn 80% by to $3.4m in two phases. AON also has the rights to the Eaglehawk JV area and Aurora Tank JV area (AON earning 75%) and iron ore rights at the Sequoia Deposit. AON also has a majority interest in the West African Kango North Iron Project.
Apollo Minerals Limited is developing the Couflens Project and the Aurenere Project which, when combined, cover a 97km2 area in a highly prospective region of the Pyrenees.
Apollo Minerals is focussed on two parallel work programs at the Couflens Project:
- Brownfields activities within, and immediately adjacent to, the historical Salau tungsten mine. The deposit remains open at depth with previous drilling below the base of the existing underground development confirming continuation of the mineralised system. Both the underground development and infrastructure will be examined to determine the most efficient method to progress mine exploration, development activities and potential mine reactivation;
- Continuation of an aggressive regional exploration program, focused initially on gold. Recent field campaigns have returned grades of up to 24.5 g/t gold from rock chip samples. Exploration will be focused on the multiple fault structures recognised within the major granodiorite intrusion at Salau and the discovery of shear hosted gold mineralisation associated with large fault structures extending along a 5km corridor to the west of the Salau mine area.
The Aurenere Project hosts an extension of the highly prospective corridor for tungsten and gold which strikes east-west through the Couflens Project and into the Aurenere Project area. An initial reconnaissance field campaign has been carried out at Aurenere with the results expected to be released once verified.
Unit 3C, Princes House
38 Jermyn Street London
Phone: +44 207 478 3900
Fax: +44 207 434 4450
Level 9, BGC Centre
28 The Esplanade Perth
Phone: +61 8 9322 6322
Fax: +61 8 9322 6558
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770 Canning Highway Applecross WA 6153
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