The Constance Range project is located 180kms northwest of Mount Isa in Queensland.
AMMG has two granted tenement and a further five exploration licence applications. The project area under application and granted status totals over 650 square kilometres.
In 1957 BHP procured an exploration lease over the large Iron formation known as the Constance Range in the Lawn Hill Block in Northern Queensland. The style of mineralisation has been described as Clinton type oolitic ironstones.
BHP carried out an intense exploration and drilling program in 1958. A pre-feasibility study completed in 1963 recommended development. Subsequently the Hamersley Ranges in Western Australia became the main iron project for BHP and development of the Constance Range area ceased.
The Constance Range Iron Ore Alliance
Four initial members, Viento Group Limited (ASX:VIE), Icon Resources Limited (ASX:III), Resolve Geo Pty Ltd and AMMG have agreed to co-operate under the banner of the Constance Range Iron Ore Alliance.
The founding members of the Alliance hold between 70% - 100% interests in tenements in the Constance Range area of Queensland totalling approximately 1,186 square kilometres and contain 92 kilometres of prospective surface iron ore formation, Train Range Member (host lithology).
The Alliance will endeavour to work together with a view to potentially consolidating their respective tenement areas into a single corporate entity under the Constance Range Iron Ore Alliance; and communicate on behalf of the Constance Range Iron Ore Alliance on issues affecting the iron ore industry in the Constance Range region of Queensland.
For further details please refer to the ASX release on May 17, 2011.
Strategy
Our strategy is to initially develop a data base of all the work previously carried out on the Company's tenements. A comprehensive drilling program is planned to endeavour to establish JORC compliant resource and reserve estimates.
About Iron Ore
Iron ore is the raw material used to make pig iron, the key ingredient in the production of steel, one of the most important and enduring products in the world today. 98% of mined iron ore is used to make steel.
Iron is a mineral, forming naturally over geological periods in the ground and within rocks. It is one of the most common elements on earth, comprising about 5 per cent of the earth's crust. Rocks containing iron ore often date to more than 2,500 million years old.
End Uses
Steel is the most common form of iron. It contains about 1 per cent carbon and has properties that make it an excellent material for thousands of different uses.
- Stainless steel contains chromium, making it highly resistant to rusting. It is ideal for use in motor vehicle parts, food preparation tools, utensils and hospital equipment.
- Tool steel is extremely hard, and is used in metalworking tools. It is produced by tempering certain types of steels by putting them through quick heating and cooling cycles.
- Cast iron is a partly refined iron that contains up to 5 per cent carbon, making it very hard, but brittle. These properties make it ideal for moulded parts, like car engine blocks.
- Wrought iron is nearly pure iron mixed with a glasslike material. It is rust resistant and softer than cast iron, making it ideal for use in outdoor furniture, porch railings and other decorations.
Constance Range Alliance Tenement Holdings
AMMG Constance Range Project