Roper Bar Iron Ore ML's GR314-13 ML 28264, ML 28266, ML 28267, ML 28962, ML 28963 and ML 29628 Annual Report for the period 29 June 2013 to 28 June 2014

Abstract

The Roper Bar Iron Ore MLs reporting group (GR314-13) consists of six granted Mineral Leases (ML 28264, 28266, 28267, 28962, 28963 and 29628 which are 100% owned by Western Desert Resources (WDR) through its wholly owned subsidiary, WDR Iron Ore Pty Ltd. This is the second annual report for this group of Mineral Leases. The Leases are located about 240 km east of Mataranka in the Gulf Country of the Northern Territory. ML 28266 contains the air strip, ML 28267 contains the camp, ML 28962 houses the mining services area and offices and ML 29628 is the stockyard at the Bing Bong Port and Loading facility. Only ML 28264 and ML 28963 are used for mining activities comprising pits, waste rock dumps and ROM pad. The Roper Bar project is situated within the Bauhinia Shelf of the McArthur Basin. The McArthur Basin is an intracratonic platform basin of Palaeo to Mesoproterozoic age. Exploration within the area has concentrated on the Sherwin Formation within the Maiwok Subgroup of the Roper Bar Group. Work completed during the reporting period comprised extensive metallurgical studies and two drill programs. A drill program comprising 14 diamond holes for 487.72m for resource definition and metallurgical testing was completed. 12 RC holes for 466m were also completed for resource definition and exploration. These were split between a continuation of the F-West program near the western lease boundary of ML 28264 and exploration just west of the ROM where the resource model had predicted DSO mineralisation in an area of minimal previous drilling. A drill program comprising 138 RC holes for 3,931m and 6 diamond holes for 185.35m was completed at F West in order to be better define the resource in what is a structurally complicated area. 47 of these holes were subjected to wireline logging. A drill program comprising 15 diamond holes for 282.25 was completed at E South in order to collect further metallurgical samples. All of these holes were subjected to wireline logging.