WPG Resources is an Australian ASX listed mineral resources company with advanced iron ore and coal exploration projects located in South Australia. The ASX code is WPG.

WPG's iron ore deposits comprise direct shipping ore (DSO) deposits, magnetite deposits and a new style of mineralisation, beneficiable feed ore (BFO) deposits.

The Company’s iron ore deposits lie in the Peculiar Knob and Hawks Nest tenements in the Gawler Craton south of Coober Pedy. The Company has completed Bankable Feasibility Studies for the development of both the Peculiar Knob and Buzzard DSO deposits. Initial project development will be directed towards the Peculiar Knob DSO haematite deposit with a resource of 19.2 million tonnes @ 64.0% Fe that the Company intends to bring into production in 2011 at a rate of 3.3 Mt per year for an approximate five year mine life.
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WPG Resources (ASX:WPG)
Company Directors
Mr Dennis Mutton (Non Exec. Director)
Mr Gary Jones (Director)
Mr Greg Harding (CFO)
Mr Heath Roberts (Executive Director)
Mr Len Dean (Non Exec. Director)
Mr Lim Yong (Non Exec. Director)
Mr Martin Jacosen (Chief Op. Officer)
Mr Robert Duffin (Executive Chairman)
Mr Robert Richardson (Non Exex. Director)
Contact Information
Phone: (02) 9251 1044
Website:

Address
Level 9, Kyle House, 27-31 Macquarie Place, NSW, Australia, 2000
Media Releases
WPG RETURNS TO THE IRON ORE INDUSTRY AT GIFFEN WELL - BACK IN THE GAME
24 Jan,2012 09:38 AM

WPG Resources Ltd (ASX:WPG) withdrew from the iron ore sector when it sold its iron ore assets to OneSteel in October 2011 for approximately $320 million.

The Company is pleased to advise that it has now re-entered the iron ore business in South Australia with the signing of binding Heads of Agreement with Brisbane based Maosen Australia Pty Ltd covering EL 3945 at Giffen Well.

Giffen Well was originally part of the South Australian Steel and Energy Project (SASE) but had been relinquished by the time WPG acquired the Peculiar Knob and Hawks Nest tenements from SASE in 2006.

Giffen Well is just 25 kilometres from the Carnes siding on the Central Australian railway line. There is direct rail access to WPG’s port facilities at Port Pirie, a distance by rail of 550 kilometres.

Ground geophysical and drilling programs carried out as part of the SASE project outlined a significant deposit of magnetite BIF at Giffen Well that is part of the Wilgena Hill Formation of Paleoproterozoic age and a continuation of the Hawks Nest BIF stratigraphy. The Giffen Well area lies adjacent to the large north-east trending Bulgunnia Shear Zone along with a number of other significant mineral deposits and prospects including Prominent Hill and Hawks Nest.


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