Overview
AMMG has 17 granted tenement and 47 applications for tenements in Western Australia and Queensland, comprising eight distinct project areas covering in excess of 12,213 square kilometres and targeting six commodities.
The eight project areas held by the Company target iron ore, kaolin/aluminous clay, gypsum, mineral sands, salt and coal.
- Iron Ore - Constance Range, Northern Queensland
- Iron Ore - East Pilbara, Western Australia
- Iron Ore - Yilgarn, South West, Western Australia
- Kaolin/Aluminous Clay - Yilgarn, South West, Western Australia
- Gypsum - Lake Macleod, North West, Western Australia
- Mineral Sands - East Augusta, South West, Western Australia
- Salt - South West, Western Australia
- Coal - Kimberley Region, North Western Australia
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.
