https://www.engineeringnews.co.za

Explorers welcome Woomera news

Explorers welcome Woomera news

Photo by Bloomberg

21st July 2014

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

Font size: - +

PERTH (miningweekly.com) – ASX-listed explorers Trafford Resources and Monax Resources have welcomed the passing of the Defence Legislation Amendment Bill, which would allow for access to the Woomera Prohibited Area (WPA), in South Australia.

At the end of last week, the federal Parliament passed the Bill, which was expected to unlock a potential mineral resource of some A$35-billion.

Trafford told its shareholders on Monday that the company was ideally placed to benefit from the new legislation, since it controls over 7 000 km2 of exploration licence within the Woomera area.

Monax had also been one of the first movers on the area, establishing its Millers Creek project as a designated project (DP) in November last year. The Millers Creek DP would comprise three tenements owned by Monax subsidiary Monax Alliance, as well as the four tenements held by ASX-listed Maximus Resources.

A heli-borne magnetic survey was recently completed at Millers Creek, and modelling of the magnetic and detailed gravity data had outlined iron-ore/copper/gold targets.

Drill testing of these targets was now planed for late August or early September.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Alco-Safe
Alco-Safe

Developed to exceed the latest EN 15964 standards for police breathalysers proving that it will remain accurate and reliable for many years to come.

VISIT SHOWROOM 
Egoli Gas (Pty) Ltd
Egoli Gas (Pty) Ltd

As a reticulator, Egoli Gas provides natural gas to homes and businesses via underground pipes.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.054 1.035s - 140pq - 2rq
Subscribe Now