The Agbaja Formation and the iron mineralisation is laterally and aerially extensive across the Agbaja Plateau and consists of an upper unit comprising beds of ferruginous sandstone and reworked oolite/pisolite
material (referred to as the Laterite unit) that overlies a sequence of massive ferruginous oolite and pisolite
in a ferruginous matrix.
Likewise, our Robe Valley pisolite
product has consistently proved to be competitively attractive for our customers.
The company was forced to switch its focus to its second key project after the Queensland government announced its plan to ban mining in certain parts of Cape York, including the area that hosts Cape Alumina's main bauxite project, Pisolite
The Company is also in joint venture with 3E Steel to investigate the potential for developing large low cost, low grade iron pisolite
deposits in western NSW.
Eastern Iron is currently exploring the Hawkwood Magnetite-Vanadium Project in southern Queensland and the bulk tonnage iron pisolite
, Cobar/Main Line Projects in NSW.
The iron levels are generally highest in the top layer of iron-rich gravel (technically described as pisolite
During the June quater of 2010 focus of exploration moved to the northeastern corner of E47/1309 where there is an abundance of vein quartz float as well as gossanous pisolite
and where prospector activity has located fresh occurrence of gold nuggets.
Bundaroo is situated just north of Magnetic's Wubin project where at least eight target areas have been located with possible direct shipping ore (DSO)-type mineralisation including hematite, goethite and pisolite
(refer to ASX Release 11 June 2010).
A cemented pisolite
type was also identified in two locations at the Wubin project.