Fairstar Resources (FAS)

Shares / Stock Code

FAS

Stock Exchange / Sharemarket

Australian Securities Exchange

Fairstar Resources (FAS) is engaged in the exploration of gold, uranium, iron ore, base metals, oil and gas. Fairstar’s exploration activities are spread over the Syayes of Western Australia and Victoria. It has actively explored for gold, base metals, uranium and iron resources at its projects in the Yilgarn Block of Western Australia across 28 tenements, comprising 18 exploration licenses and eight prospecting licenses. it was listed at ASX on 30 October, 2006. It also has prospective oil and gas project in the on-shore Murray Basin in North Western Victoria. It owns 17% of Golden West Resources Ltd. The Company’s project portfolio includes Kurnalpi-Randalls Project, Spinifex Well Project, Mt Padbury Project, Killara Project and Mindoolah Project. It acquired all interests in petroleum exploration permit 165 from Knight Industries Pty Ltd on June 5, 2009.

Steeple Hill Iron project discovered by FairStar in July 2008. This project is 100% owned by FairStar and is a significant iron discovery in a new iron area that has historically been known for its gold prospectivity. It is located at Lindsay Dam tenement in Kurnalpi–Randalls Project in WA’s eastern goldfields, 110km south east of Kalgoorlie. Whole tenement geologically mapped, and rock chip sampled with grades up to 65.99% Fe. In addition, Aeromagnetic survey flown over whole tenement, and confirms continuity of shaley Banded Iron Formation (BIF) lithologies.

Initial results of oxide gravel pitting show high weight recoveries of iron oxide gravel from the alluvials in Iron Creek and continue to confirm potential of the project to host a significant deposit of iron oxide gravel. It also demonstrated continuity of alluvial deposits with high proportions of iron oxide gravel for widths up to 800 metres and over a strike length of 7kilometres and up to 2.8 metres thick. Initial metallurgical test work has produced iron oxide gravel concentrate with an average grade of 59% Fe.

Fairstar Resources (FAS) Products and Services

  • Exploration for gold, uranium, iron ore and oil

Fairstar Resources (FAS) Locations and Subsidiaries

Fairstar Resources Head Office
Unit 3 & 4, 136 Main Street,
OSBORNE PARK, WA 6917
Phone: (08) 92425111
Fax: (08) 92425677

Fairstar Resources (FAS) Share Price

Submitted by ASX Listed Company on 22 March, 2010 - 00:24

Download our FREE App


Signup for Free
Don't miss out on your free share trading articles.


Free Risk Money Management Calculator for those who sign up!