ASX ANNOUNCEMENT
02 DECEMBER 2013
Western Desert Resources, a
CHANGE TO PRINCIPAL PLACE OF BUSINESS, REGISTERED OFFICE & APPOINTMENT OF NEW DIRECTOR
diversified reso
rces
business with a portfolio of
The Directors of Western Desert Resources
Limited (ASX:WDR)
are
quality mineral exploration
assets in the Northern
Territory.
Western Desert Resources' vision
pleased to announce that commencing Monday 2 December 2013 the principal place of business and registered office of WDR shall be in Darwin, Northern Territory.
is to be the leading low-cost iron
In addition,
Mr. Bruce
Mathieson
has accepted an invitation to join
ore producer in Northern Australia
WDR as a
non-executive Director also commencing from Monday 2
while generating wealth and
December 2013.
prosperity for the p
ople of the
Roper and other regions where we
Managing Director of WDR, Mr.
Norm Gard ner, said
today that
the
operate.
relocation of
the head
office to Darwin was
an easy decision and a
natural progression - "With all of our assets
located in
the Northern
FAST FACTS
Territory including our
main project the Roper Bar Iron
Ore Project,
ASX Code
Issued Shares
WDR
499m
which is very close to first export, it has been a logical step to ensure we are based where our assets and business are. We have always
Market Cap
DIRECTORS
A$359m
considered official".
ourselves
s a Territory company, this
now makes it
Rick Allert Norm Gardner Graham Bubner
Chair an MD Director
WDR's Chairman, Rick Allert AO welcomed Mr. Mathieson to the Board of WDR. Mr. Allert said "Bruce is renowned throughout Australia as a
wise, experienced and very successful businessman. We look forward
Philli
Lockyer
Director
Scott Perrin
Director
to his input at a Board level ".
COM
ANY HIGHLI
HTS
Mr. Bruce Mathieson is currently a Director
and was the former Chief
Executive Officer of Australian Leisure and Hospitality Group Limited, a
Iron re
joint venture
between Woolworths Limited and the Mathieson Family.
• Roper Bar & Mountain Creek
projects (NT)
The ALH Group owns approximately 325 hotels and 520 retail outlets
• Hematitic iron ore
across Australia, and employs more than 15,000 staff.
Mr. Mathieson
• Total Inferred, In
icated &
has operated in the hotel, leisure and hospittality industry since 1974
Measured Mineral Resource
estimates of [611Mt @ 40% Fe including DSO of 47.4Mt @
57. % Fe]
and is a well-respected member of the Australian business community. He has previously served as a director of the Carlton Football Club. He
• Low Impurities
is trained as
an engineer, and brings management and transactional
• Mine developme
t underway
experience from across a number of industries to the Board.
• Proximity to coast and markets
Gold
Copper
• East Rover Project near Tennant
Creek (NT)
CONTACT DETAILS
Level 1, 26 Greenhill Rd
WAYVILLE, SA, 5034
T: +61 8 8177 8800
[email protected]
For further information please contact:
Norm Gardner
Managing Director
Western Desert Resources Limited
Telephone: +61 8 8177 8800 or 0418 897466
ABN: 48 122 301 848
ASX ANNOUNCEMENT
02 December 2013
Background
The Roper Bar Iron Ore Province covers about 1,900 km2 within four granted exploration licenses in the Northern Territory and includes an estimated 100 km2 of outcrop of the target Sherwin Formation which hosts extensive hematite iron ore horizons. The Province is divided into two project areas - Roper Bar and Mountain Creek.
JORC Code Compliant Mineral Resource Estimates from WDR's Roper Bar Project
(30% Fe Cut-off)
|
DEPOSIT AREA
|
Classification
|
Mt
|
Fe %
|
SiO2 %
|
P %
|
Al2O3 %
|
LOI %
|
Published
|
|
Area D
|
Inferred
|
90.7
|
37.2
|
31.5
|
0.008
|
3.2
|
9.6
|
Oct-09
|
|
Area D (north)
|
Inferred
|
116.5
|
40.3
|
26.3
|
0.002
|
2.2
|
11.0
|
Feb-11
|
|
Area E (south)
|
Inferred
|
17.5
|
36.1
|
30.8
|
0.003
|
2.4
|
12.4
|
Jun-12
|
|
Area E (south)
|
Indicated
|
75.8
|
38.7
|
29.9
|
0.005
|
2.6
|
9.9
|
Jun-12
|
|
Area E (east)**
|
Inferred
|
27.6
|
41.0
|
26.3
|
0.004
|
1.8
|
10.2
|
Jun-12
|
|
Area E (east)**
|
Indicated
|
15.6
|
41.2
|
26.3
|
0.004
|
1.9
|
10.0
|
Jun-12
|
|
Area E (east)**
|
Measured
|
28.3
|
42.2
|
26.4
|
0.004
|
2.0
|
8.9
|
Jun-12
|
|
Area F *
|
Inferred
|
216.1
|
41.3
|
31.0
|
0.004
|
2.9
|
4.9
|
Apr-13
|
|
Area F *
|
Indicated
|
15.7
|
47.3
|
24.9
|
0.006
|
2.7
|
3.0
|
Apr-13
|
|
Area F*
|
Measured
|
7.7
|
50.0
|
20.8
|
0.005
|
3.4
|
2.7
|
Apr-13
|
|
TOTAL
|
|
611
|
40.3
|
29.2
|
0.004
|
2.6
|
8.1
|
|
* Includes DSO grade of 30.8Mt @ 59.0% Fe, 9.9% SiO2, 2.5% Al2O3, 0.01% P and 2.0% LOI
** Includes DSO grade of 16.6Mt @ 54.2% Fe, 15.9% SiO2, 1.2% Al2O3, 0.01% P and 4.0% LOI
Competent Person's Statements
The information in this announcement that relates to Mineral Resources is based on information compiled by Mr Aaron Meakin and Mr Andrew Bennett. Mr Aaron Meakin is a full-time employee of CSA Global Pty Ltd and is a Member of the Australasian Institute of Mining and Metallurgy. Mr Aaron Meakin has sufficient experience relevant to the styles of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 edition of the Australasian Code for the Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC code). All work relating to the estimation of mineral resources has been carried out under the supervision of Mr Aaron Meakin. Mr Andrew Bennett is a full-time employee of Western Desert Resources Pty Ltd and is a Member of the Australasian Institute of Mining and Metallurgy. Mr Andrew Bennett has sufficient experience relevant to the styles of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as Competent Person as defined in the 2004 edition of the Australasian Code for the Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC code). All work relating to the classification of mineral resources has been carried out under the supervision of Mr Andrew Bennett. Mr Aaron Meakin and Mr Andrew Bennett consent to the inclusion of this information in the form and context in which they occur.
The information in this announcement that relates to Exploration Results is based on information compiled by Graham Bubner who is a Member of the Australian Institute of Geoscientists. Mr Bubner is a full-time employee of Western Desert Resources Ltd and has sufficient experience relevant to the styles of mineralisation under consideration and to the subject matter of the report to qualify as a Competent Person as defined in the 2004 edition of the Australasian Code for the Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC code). Mr Bubner consents to the inclusion in the report of the matters based on his information in the form and context in which they occur.
.
Page 2