Risk and valuation analysis of the Mt Thirsty Project |
Status Risk : Mine development |
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Title(s) of the Mt Thirsty Project |
![](http://www.24hgold.com/24hpmdata/pub/655_barra.gif) | Barra Resources Joint venture: 50% |
![](http://www.24hgold.com/style/all/img/bouton/website.png) | ![Company Profile Company Profile](http://www.24hgold.com/style/all/img/bouton/website.png) | ![All Projects All Projects](http://www.24hgold.com/style/all/img/bouton/website.png) | ![Company website Company website](http://www.24hgold.com/style/all/img/bouton/website.png) | ![Company project page](http://www.24hgold.com/style/all/img/bouton/website.png) |
Title | Company Profile | All Projects | Company website | Company project page |
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The Company entered into an Option Agreement with Project owner and tenement holder Select Minerals Pty Ltd (“Select”) late December 2006, whereby Barra is to provide Project exploration funding of $500,000 to participate equally with Select to develop the Project. |
![](http://www.24hgold.com/24hpmdata/pub/4068_fission.gif) | Fission energy Limited Joint venture: 50% |
![](http://www.24hgold.com/style/all/img/bouton/website.png) | ![Company Profile Company Profile](http://www.24hgold.com/style/all/img/bouton/website.png) | ![All Projects All Projects](http://www.24hgold.com/style/all/img/bouton/website.png) | ![Company website Company website](http://www.24hgold.com/style/all/img/bouton/website.png) | ![Company project page](http://www.24hgold.com/style/all/img/bouton/website.png) |
Title | Company Profile | All Projects | Company website | Company project page |
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Mt Thirsty is owned 50:50 by Bara and Fission Energy Ltd (FIS.AX). |
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Location of the Mt Thirsty Project |
The Mt Thirsty Project is located 20 km north-northwest of Norseman, Western Australia.
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Geology of the Mt Thirsty Project |
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The deposit differs significantly from typical WA nickel laterite occurrences in that is completely oxidised containing mainly goethite, haematite and manganese oxide minerals with very low clay content.
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