Apollo Minerals Stand Number: C 5

Apollo Minerals Ltd (ASX Code: AON) is an iron ore and minerals explorer and developer with projects in South Australia and Western Australia.   The Company’s key focus is to develop an iron ore project at each of Apollo’s project sites, namely the Pilbara, WA and the Gawler Craton, SA.

The Commonwealth Hill site lies on the northwest margin of the Gawler Range Volcanics Domain, where the older basement rocks are interpreted as Archaean gneisses of the Mulgathing Complex, which are intruded by late syntectonic granitoids of Palaeoproterozoic age.  In the southeast of the Project, Mesoproterozoic Gawler Range Volcanics overlie the older basement and coeval Hiltaba Suite granitoids intrude both the volcanics and the older basement.  Major northwest and northeast trending fault structures are evident from aeromagnetic data.

Commonwealth Hill straddles the Adelaide to Darwin Railway line, 120km south west of the opal mining centre of Coober Pedy, 30km east of Challenger Gold Mine, 70km south-west of Cairn Hill and 100km west of Prominent Hill IOCG mines and 100km west of the Peculiar Knob DSO iron ore mine.  The railway connects Commonwealth Hill directly with several ports capable of shipping iron ore.

The Titan Base Metals and Precious Metals Project is also part of Apollo’s large Commonwealth Hill holding (including the namesake Commonwealth Hill Iron Project) that covers an area of approximately 750 km² across three tenements in the central Gawler Craton of South Australia.

Apollo is currently evaluating the potential to develop a medium sized iron mine on the property.  Drilling has identified both coarse grained magnetite and Direct Shipping Ore (DSO) style mineralisation including 24m at 57% Fe inclusive of 4m at 70% Fe.  Previous work has highlighted the possibilities of producing premium quality iron concentrates and sinter fines products.

The Mt Oscar Iron Project is located in north-western part of the Pilbara Craton in north-west Western Australia, and is approximately 30 km from the coast.  The magnetite-bearing rocks at Apollo’s Mt Oscar Project outcrop over an oval shaped area measuring some 5km by 2km.  The iron rich horizons are strike-continuous for up to 5.5km and are locally up to 160m thick with an average interpreted thickness in excess of 60m.  Recent metallurgical work has demonstrated that the production of marketable products is possible i.e. >60% Fe, <8% (Al₂O₃ + SiO₂).