Iron Mountain Mining (IRM)

Shares / Stock Code

IRM

Stock Exchange / Sharemarket

Australian Securities Exchange

Iron Mountain Mining (IRM) is an Australia-based company engaged in mineral exploration. Its projects include Blythe River Project, Miaree Project, Mt Richardson Project, Bona Well Project, Wongan Hills Project, Kunanalling Project, Wyloo Project, She Oak Project, Elvire Project and Macquarie Marble and Lime Pty Ltd (MML). Blythe River Project is a 50:50 joint venture with Red River Resources Ltd (Red River) and covers approximately 250 square kilometers of prospective ground south of Burnie on the North Coast of Tasmania, including the area around the Kara Magnetite mine. Iron Mountain has a 60% interest in MML. It was listed on ASX on 25 May, 2007.

The company's main project, the Blythe River Project, is located near Natone approximately 10km from the deep water port of Burnie in Tasmania. Previous exploration for iron and copper on the Company's tenements has identified potentially economic magnetite and haematite mineralisation. The company has entered into a joint venture with Red River Resources Limited, an ASX listed company, to explore this project.

Mt Richardson Project is located close to Jupiter Mines Ltd’s Mt Mason and Mt Ida projects. The tenement contains known mineralisation for iron and copper. The project area encompasses several iron-rich banded iron formations offering a large prospective target area. Samples of high-grade haematite up to 67% Fe have been recovered. The geological setting also suggests that the tenement is prospective for gold. Systematic testing of structural targets is planned.

Bona Well Project is located approximately midway between Mt Gibson Iron Ltd’s Wolla Wolla project and Ferrowest Ltd’s Yogi project. Geological mapping and aeromagnetic imagery of the project area show prospective banded iron formations of up to 7km of strike. Thrust faulting which has resulted in multiple, sub parallel banded iron formations is a further indication of prospectivity for iron mineralisation. The project is an early stage exploration opportunity to explore for iron ore in an easily accessible and favourably located area.

Iron Mountain Mining (IRM) Products and Services

  • Exploration of iron ore and other metals in Western Australia and Tasmania

Iron Mountain Mining (IRM) Locations and Subsidiaries

Iron Mountain Mining Head Office
Level 7, 231 Adelaide Terrace,
PERTH, WA, AUSTRALIA, 6000
Phone: (08) 9225 6475
Fax: (08) 9225 6474

Iron Mountain Mining (IRM) Share Price

Submitted by ASX Listed Company on 25 April, 2010 - 07:20

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