Peak Hill Joint Venture Agreement (Joint Venture) Western Australia.
The Peak Hill mineral region is located 140 km north of Meekatharra in Western Australia.
Aurium has joined their two tenement applications to the six granted tenements of Padbury Mining Ltd (PDY) to form the Peak Hill Joint Venture Agreement.
To achieve this goal the JV partners intend to undertake exploration and evaluation programs over the next three years along with associated technical studies to enable the completion of a PFS. Project success will be delivered by delivering technical excellence at each stage, and improving on the work at each successive step. At completion of a successful PFS the JV partners will commence a DFS and move towards project development or sale.
By utilising industry experts in geology the JV partners have optimised the exploration strategy to target the mineral commodities with the best chance of success. The geological review has indicated that significant opportunities are present for iron ore, gold and base metals. The focus of exploration will be the magnetite iron potential of the Robinson Range Formation as the project develops the JV partners will develop in-house expertise to manage the ongoing geological needs
