Roper Bar Iron Ore ML's GR314 ML 28264, ML 28266, ML 28267, ML 28962, ML 28963 and ML 29628 Annual Report for the period 29 June 2014 to 28 June 2015

Abstract

The Roper Bar Iron Ore MLs reporting group (GR314) consists of six granted Mineral Leases (ML 28264, 28266, 28267, 28962, 28963 and 29628 which are 100% owned by Western Desert Resources (Receivers and Managers Appointed)(In Liquidation)(WDR) through its wholly owned subsidiary, WDR Iron Ore Pty Ltd (Receivers and Managers Appointed)(In Liquidation)(WDRIO). This is the third 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. Exploration work completed during the term was restricted to analysis of drilling data related to previous drilling at Area F West and to studies relating to beneficiation of low grade mineralisation. The mining operation was adversely affected by the falling iron ore price and activity was suspended on the 5th September 2014 when WDR and WDRIO were placed in Voluntary Administration and Receivership. The asset is now in liquidation and is being managed by Ferrier Hodgson, as Receivers and Managers.