Annual Report EL 26759 and EL 29548 Roper Bar Project GR040 for the period 16 April 2014 to 15 April 2015 Year 6

Abstract

The Roper Bar Project consists of two granted exploration licences (EL 26759 and EL 29548) which are 100% owned by WDR, through its wholly owned subsidiary, WDR Iron Ore Pty Ltd Ltd (Receivers and Managers appointed) (In Liquidation) (WDRIO). The Licences are located about 240 km east of Mataranka in the Gulf Country of the Northern Territory. Exploration is being undertaken for hematitic iron ore within the Sherwin Formation. 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. Previous exploration activities have extended outcropping iron mineralisation beneath surface to identify largely flat-lying oolitic hosted mineralisation, particularly at Areas B and Area D prospects. During the reporting period, WDR went into receivership as its Roper Bar iron ore operations on the adjacent mineral leases succumbed to the falling iron ore price. Nevertheless, there were project studies completed, including flotation testwork on beneficiation of the low grade mineralisation, resource estimation at Area B and a scoping study for extraction of the low grade resources. The exploration program for the 8th year is unknown as the assets are up for sale.