Icon Resources (III)

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Stock Exchange / Sharemarket

Icon Resources (III) is a junior exploration company, focusing on gold and zinc projects in Eastern Australia. The company has tenements in the Lachlan and New England Foldbelts in New South Wales, and Crystal Mount in South east Queensland. Icon Resources was listed on the Australian Stock Exchange in 2006 and is actively involved in projects on the eastern seaboard of Australia. Icon Resources is a minerals exploration company with development opportunities in tungsten, copper, zinc and iron ore, and exploration prospects for gold, copper, tin and molybdenum. Icon's Mt Carbine tungsten project in particular has the potential to become world class. The Company's strategy is to identify, evaluate and develop mining opportunities in a way that delivers maximum returns to shareholders.

Mt Carbine Project

The Mt Carbine project is located 120km (~1.5 hours by car) to the NW of the port of Cairns in Far North Queensland with power, sealed roads, water, tailings storage and some permitting in place. Historically one of the world’s largest high-grade tungsten mines, Mt Carbine is known for high-grade, low impurity tungsten concentrates, wolframite and scheelite. Tungsten is mostly used for ‘hard metal’ construction (machine-cutting tools), for which there is no substitute. It has the highest melting point and tensile strength of all metals, is one of the heaviest metals, and has high thermal and electrical conductivity. China, with ~60% of the world’s reserves, is now a net importer, and Tungsten prices have gone up 400% over the last few years. Tungsten supply is predicted to be in significant deficit from 2013 when the mine is scheduled to be back in production.

Adaminaby Project

In the cold country around and between Lakes Jindabyne and Eucumbene, southern NSW. Icon Resources' Adaminaby Project is located in the Lachlan Fold Belt which hosts several world-class intrusive-related copper-gold mines, including Newcrest’s Cadia Valley, Rio Tinto’s North Parkes, Barracks Lake Cowal deposits, and is prospective for concealed gold mineralization.

Icon Resources (III) Products and Services

  • Junior explorer specialising in Gold and Zinc

Icon Resources (III) Locations and Subsidiaries

Icon Resources Head Office Suite 404, 25 Lime Street, SYDNEY, NSW 2001 Phone: (02) 9279 1252 Fax: (02) 9279 2727

Icon Resources (III) Share Price

Submitted by ASX Listed Company on 19 April, 2010 - 20:21