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Admiralty
Resources Project and Mineral
Portfolio |
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Iron Ore Project, Chile |
- Admiralty Resources NL has a 60% interest in the Sociedad Contractual Minera Santa Barbara's iron ore mines.
- 10,876 hectares of iron ore tenements.
- JORC measured and indicated resource of 89,000 million tonnes of iron ore with an iron content averaging 18%.
- Production of 60,000 tonnes per month of magnetite iron ore averaging 63.5% iron with phosphorous at 0.06%, silicon at 4% and sulphur at 0.01%.
- Iron ore is shipped out of Caleta, Caldera in handymax ships, and in the last quarter of 2008 out of Candelaria in panamax ships.
- A number of distribution partnerships have been formed including ITOCHU Japan acting as agents for Japan and China.
- A cape size port will be built in 2009/10 to ship up to 7.2 million tonnes from Port Alcalde, 55km from the Santa Barbara mines.
- Environmental approval received for 3.9m tonnes per annum from the Japonesa Group of mines.
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Rincon Salar Project, Argentina |
- A world class resource rich in lithium, potassium, sodium and magnesium.
- Key resources are lithium carbonate, lithium chloride, lithium hydroxide, potassium chloride, sodium sulphate and magnesium.
- Resource, due diligence and extraction methods for key resources have been finalised.
- The current market purchase price per tonne for lithium chloride (April 2007) exceeds US$6,600 per tonne.
- Lithium carbonate demand is growing due to an increase in lithium polymer battery consumption in hybrid cars and other applications.
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