ASX ANNOUNCEMENT
07 August, 2013
Western Desert Resources, a diversified resources business with a portfolio of quality mineral exploration assets in the Northern Territory.Western Desert Resources' business is built on the exploration of its substantial portfolio of iron ore, gold, base metals and
uranium projects in the world-class mining provinces of Australia and will continue to grow through the generation and acquisition of new opportunities and resources.
FAST FACTS
ASX Code WDR Issued Shares 392m Market Cap A$237M
DIRECTORS
Rick Allert Chairman
Norm Gardner MD
Mick Ashton Director Graham Bubner Director Phillip Lockyer Director
Scott Perrin Director
COMPANY HIGHLIGHTS Iron Ore
• Roper Bar & Mountain Creek projects (NT)
• Hematitic iron ore
• Total Inferred, Indicated & Measured Mineral Resource estimates of 611Mt @ 40% Fe including DSO grade of 47.4Mt
@ 57.3% Fe
• Low impurities
• Mine development underway
• Proximity to coast and markets
Gold / Copper
• East Rover Project near Tennant
Creek (NT)
CONTACT DETAILS
Level 1, 26 Greenhill Rd
WAYVILLE, SA, 5034
T: +61 8 8177 8800
info@westerndesertresources.com.au
ABN: 48 122 301 848
Key Points:
• Noble Resources International Pte Ltd appointed Off
Take partner.The Directors of Western Desert Resources Limited (ASX: WDR) are pleased to advise that an agreement has been reached to appoint Noble Resources International Pte Ltd ("Noble") as WDR's Off Take partner for its 3 Mtpa Roper Bar Direct Shipping Ore ("DSO") Project.
The Off-Take Agreement ("OTA") provides that Noble shall purchase all product produced for up to five years from initial shipment which is expected in fourth quarter 2013. At either WDR's or Noble's discretion the OTA may be terminated on a change of control event. Otherwise the OTA shall be for all production for five years.
Figure 1. Roper Bar Iron Ore Province location planASX ANNOUNCEMENT
05 August, 2013
Noble is a global commodity trader, listed upon the Singapore Stock exchange.
In addition to purchasing all product, Noble has also agreed to provide WDR with a revolving credit facility for working capital.
Managing Director of WDR, Mr. Norm Gardner, said "WDR has received dozens of enquiries for Off Take over the last two years. After a competitive process WDR selected Noble. Apart from having a commercially compelling offer for WDR we have a strong belief that the people we have been dealing with at Noble are like minded and share our vision for the Roper Bar Project. WDR remains on schedule and on budget to deliver our first shipment of product under the OTA as previously advised to the market".
Development works at the Roper Bar Iron Ore project continue as scheduled, with first export of DSO expected in fourth quarter 2013. Photographs of current works are included below.
More photos can be viewed on WDR's website at www.westerndesertresources.com.au
Mining DSO at Roper Bar Area F July 2013. Managing Director Norm Gardner and DSO on ROM pad July 2013.ASX ANNOUNCEMENT
05 August, 2013
For further information please contact: Norm Gardner, Managing Director,
Western Desert Resources Limited, Telephone: +61 8 8177 8800
Email: Norm.Gardner@wdrl.com.au
Background
The Roper Bar Iron Ore Province covers about 1,800 km2 within four granted exploration licenses in the Northern Territory and includes an estimated 100 km2 of outcrop of the target Sherwin Formation which hosts extensive hematite iron ore horizons. The Province is divided into two project areas - Roper Bar and Mountain Creek.
JORC Code Compliant Mineral Resource Estimates from WDR's Roper Bar Project (30% Fe Cut-off)DEPOSIT AREA | Classification | Mt | Fe % | SiO2 % | P % | Al2O3 % | LOI % | Published |
Area D | Inferred | 90.7 | 37.2 | 31.5 | 0.008 | 3.2 | 9.6 | Oct-09 |
Area D (north) | Inferred | 116.5 | 40.3 | 26.3 | 0.002 | 2.2 | 11.0 | Feb-11 |
Area E (south) | Inferred | 17.5 | 36.1 | 30.8 | 0.003 | 2.4 | 12.4 | Jun-12 |
Area E (south) | Indicated | 75.8 | 38.7 | 29.9 | 0.005 | 2.6 | 9.9 | Jun-12 |
Area E (east)** | Inferred | 27.6 | 41.0 | 26.3 | 0.004 | 1.8 | 10.2 | Jun-12 |
Area E (east)** | Indicated | 15.6 | 41.2 | 26.3 | 0.004 | 1.9 | 10.0 | Jun-12 |
Area E (east)** | Measured | 28.3 | 42.2 | 26.4 | 0.004 | 2.0 | 8.9 | Jun-12 |
Area F * | Inferred | 216.1 | 41.3 | 31.0 | 0.004 | 2.9 | 4.9 | Apr-13 |
Area F * | Indicated | 15.7 | 47.3 | 24.9 | 0.006 | 2.7 | 3.0 | Apr-13 |
Area F* | Measured | 7.7 | 50.0 | 20.8 | 0.005 | 3.4 | 2.7 | Apr-13 |
TOTAL | 611 | 40.3 | 29.2 | 0.004 | 2.6 | 8.1 |
The information in this report that relates to Mineral Resources is based on information compiled by Mr Aaron Meakin and Mr Andrew Bennett. Mr Aaron Meakin is a full-time employee of CSA Global Pty Ltd and is a Member of the Australasian Institute of Mining and Metallurgy. Mr Aaron Meakin has sufficient experience relevant to the styles of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 edition of the Australasian Code for the Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC code). All work relating to the estimation of mineral resources has been carried out under the supervision of Mr Aaron Meakin. Mr Andrew Bennett is a full-time employee of Western Desert Resources Pty Ltd and is a Member of the Australasian Institute of Mining and Metallurgy. Mr Andrew Bennett has sufficient experience relevant to the styles of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as Competent Person as defined in the 2004 edition of the Australasian Code for the Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC code). All work relating to the classification of mineral resources has been carried out under the supervision of Mr Andrew Bennett. Mr Aaron Meakin and Mr Andrew Bennett consent to the inclusion of this information in the form and context in which they occur.
The information in this report that relates to Exploration Results is based on information compiled by Graham Bubner who is a Member of the Australian Institute of Geoscientists. Mr Bubner is a full-time employee of Western Desert Resources Ltd and has sufficient experience relevant to the styles of mineralisation under consideration and to the subject matter of the report to qualify as a Competent Person as defined in the 2004 edition of the Australasian Code for the Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC code). Mr Bubner consents to the inclusion in the report of the matters based on his information in the form and context in which they occur.
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