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- 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.
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Ian Finch BSc. (Hons) MAusIMM - Director
Neil McKay BBus. - Company Secretary - Non-Executive Director
Peter Rowe BSc. FAusImm FAICD - Non-Executive Director
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Ian Finch BSc (Hons) MAusIMM – Director
Andrew Bennett BSc ( Hons), MAusIMM, MAIG - General Manager
Patrick Clifford MBA, BEng (Hons), MIEAUST, MAICD – Project Manager
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The Board is responsible for the overall corporate governance of the Company, and it recognises the need for the highest standards of ethical behaviour and accountability.
The board is committed to administering its Corporate Governance structures to promote integrity and responsible decision-making. To the extent that they are relevant to the organisation, the Company has adopted the Ten Corporate Governance Principles and Best Practice Recommendations as published by the ASX Corporate Governance Council.
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Prospectus
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Release from Escrow 13 July 2009 