• Exploration potential > 1 Billion tonnes iron rich magnetite bearing material.
• JORC compliant indicated and inferred resource of 60 Million tonnes which readily upgrades to ~70% Iron (Fe) of product.
• Discovery of 216 MT JORC compliant resourse at Hercules.
• Excellent project location, close to infrastructure and existing Steel Industry at Whyalla

Overview

Ironclad Mining Limited (Ironclad) was established to accelerate the development of the exciting Wilcherry Hill iron ore deposits located 40 kilometres north of Kimba on South Australia’s Eyre Peninsula. The Wilcherry deposits contain coarse crystalline magnetite and low silica contents which enable low cost and efficient production of concentrates containing over 70% Fe with very low impurity levels. In addition, metal recoveries of over 95% and mass recoveries of 50% and up to 75%, are significantly higher than for typical Australian banded iron formation (BIF) magnetite deposits.