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Coorara
Meteoric has acquired the rights to a 100% interest in
the Coorara iron ore project in the South Yilgarn region
where both operating and developing iron ore mines
occur. The project is situated 90km northeast of the
Koolyanobbing iron mines and covers a 40km strike length
of banded iron formations (BIF) as evident in outcrop or
in aeromagnetics. Significantly, the project is in
close proximity and along strike from an existing 1
billion tonne magnetite resource where recent high-grade
hematite-goethite drill intersections of direct shipping
grade have been reported. Also of significance to the
economics of this project, the Kalgoorlie-Kwinana
standard gauge railway is situated some 50km to the
south of the project tenement.
Coorara Location
Meteoric has carried out a detailed aeromagnetic survey
and first pass rock sampling which has identified at
least five target areas covering a strike length of 12km
with evidence of hematite-goethite alteration of the BIF
and rock sample grades of more than 50% Fe. A programme
of geological mapping and further rock sampling is in
progress to identify drilling targets to test for high
grade direct shipping ore in the areas of
hematite-goethite mineralisation.
Coorara Aeromagnetics and Target Areas
Robinson
Range
Significant iron ore potential has been identified on
Meteoric’s 100%-owned Robinson Range project situated
100km north of Meekatharra in the northern part of the
emerging Midwest iron province of WA. This 50sq km
project covers a folded sequence of Proterozoic banded
iron formation, siltstone and hematitic shale. The
Meteoric tenements cover a cumulative strike length of
some 13km of iron formation although examination of
aeromagnetic images suggests the iron formations may
extend beneath alluvial cover and be more extensive than
indicated by previous mapping.
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Previous work by the Geological Survey of WA
observed that the iron formations range up to
30m or more in thickness. The GSWA also noted
the presence of iron oxide enrichment of
hematite and goethite with sampling identifying
grades up to 62.5% Fe within Meteoric’s
tenements. The sampling also indicated that
deleterious elements such as phosphorous and
silica were generally low in the areas of iron
enrichment.
A heritage agreement has recently been signed
with the native title claimants paving the way
for access on to the project.
Meteoric has recently acquired the right to a
100% interest in an adjacent exploration licence
(see map). The acquisition has strategic
importance as it covers a strike extension of
the iron formation in a structurally complex
area prospective for hematite-goethite
enrichments.
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