Apollo Minerals (Australia), an iron ore explorer and developer, has reported on exploration progress at its Mt Oscar Magnetite Project in the Pilbara Province of Western Australia, during the quarter.
An exploration target of 350 to 650 million tonnes grading 30% to 37% in situ iron was modelled for Apollo’s Mt Oscar Magnetite Project. Metallurgical tests demonstrated >60% iron concentrate grades are achievable.
In addition to undertaking initial metallurgical testwork and commencing a detailed geological mapping program at Mt Oscar, the volume/tonnage modelled from aeromagnetic data was upgraded in light of the better than expected apparent thicknesses of magnetite-bearing banded iron formation (BIF) encountered in recent drilling.
Exploration Target
Detailed forward and 3D magnetic models, generated in 2009 by independent geophysical consultants Southern Geoscience Consultants (SGC) from airborne magnetic data flown by Apollo over its Mt Oscar project area, have been revised to take account of the results of the company’s recently completed drilling program.
This modelling was undertaken to assist in the ongoing exploration of the project, and to refine estimates1 of volume/tonnage of the highly magnetic BIF.
The combined estimate over portions of Apollo’s licence (E47/1379 – Mt Oscar) and the recently acquired Mt Oscar East (E47/1304) is an exploration target1 of 350 million tonnes (“Mt”) to 650Mt of magnetite-bearing BIF, grading 31% to 37% iron in situ.
This modelling is based on interpretation and modelling of geophysical data, rock-chip sampling and the December 2009 RC drilling information from Mt Oscar, and geophysical data and rock-chip sampling at Mt Oscar East.
Float mapping at the Ibis Prospect confirmed the presence of near-surface magnetite-rich metasediments similar to those observed at Sequoia.
Interpretation of airborne and ground magnetic data acquired by earlier explorers indicates that the Ibis anomaly comprises a number of parallel bands of magnetic material, ranging in thickness from 20 m to 50 m, occurring discontinuously over a total strike length of 4 km.







