Overview
AMMG has one granted tenement and 18 applications for tenements in Western Australia and Queensland comprising five distinct project areas covering in excess of 4,000 square kilometres and targeting four commodities.
The five project areas held by the Company target iron ore, gypsum, mineral sands and gold:
- Iron Ore - Constance Range, Northern Queensland
- Iron Ore - West Pilbara, Western Australia
- Gypsum - Lake Macleod, North West, Western Australia
- Mineral Sands - East Augusta, South West, Western Australia
- Gold - Maytown, North East, Queensland
The Company's projects have been carefully evaluated and selected based primarily on access to existing historical geological reporting. Other considerations included:
- Proximity to existing infrastructure and/ or proximity to existing world class resources
- Ease of extraction
- Exposure to improving market sentiment
- Leverage to growth markets with attractive medium to long term fundamentals
All the projects are either currently 100% beneficially held by the company or a contract is in place whereby the project tenements become 100% beneficially held by the company one year following the grant of these tenements.
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