Pilbara Minerals

The project areas in the West Pilbara, known as Mt Wohler, Pyramid, Maitland and Kylena cover approximately 1,715 square kilometres and are considered to be prospective for base metals, PGE and/or gold mineralisation associated with concealed greenstone sequences or layered mafic – ultramafic intrusions.

Previous exploration over the Company’s West Pilbara project areas has been reasonably limited. A regional aeromagnetic survey completed by the Bureau of Mineral Resources, Geology and Geophysics (“BMR”) in the mid 1980’s identified a number of magnetic highs beneath Fortescue Group rocks in this portion of the West Pilbara which have formed the basis of the majority of subsequent exploration activity. The magnetic highs have been interpreted as having potential to represent concealed greenstone sequences or layered mafic - ultramafic intrusions in the Archaean basement rocks. There has been no drilling or modern geophysics completed on any of these targets.

The Seluma Iron Sands Project in Bengkulu Province, Sumatra, consists of a single lease considered to be prospective for iron rich heavy mineral sands within beach sands and sand dunes.

Previous exploration by the project vendors, PT Pringgondani Rizki Utama (“PT PRU”), and Pilbara has involved three separate shallow sampling programs and a two limited drilling programs, with the majority of this activity focused within the central portion of the lease.

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