21328120-3f4d-4a00-a9e7-c59623ee3516.pdf
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29th January 2015
Mining Projects Group Limited (ASX: MPJ)
QUARTERLY ACTIVITIES REPORT FOR THE PERIOD ENDING 31 DECEMBER 2015
Highlights
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Executed binding term sheet to acquire Pilbara Lithium-Gold Project
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CPS mandate received firm commitment to raise $1.2m Jan 2016
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Highly Experience Executive Mr Ian Finch agreed to join as Chairman
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Completed ongoing intensive exploration and diamond drill programme at the Roe Hills Nickel Sulphide Project
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R&D rebate finalised and lodged with expected return in Q1 2016
Pilbara Lithium-Gold Project, Pilbara Region, WA (to acquire 100%)
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Covers 29km² ~100km south of Port Hedland in the Pilgangoora 'Lithium Hot Spot' Pilbara region of W.A.
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Directly borders Pilbara Mineral's (ASX:PLS) and Altura Mining (ASX: AJM)
Roe Hills Project, Kambalda Region, WA (100% Owned)
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10 diamond drill holes (RHDD0023 - RHDD0032) for 2860.5m completed during the quarter
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Significant disseminated, blebby and veinlet massive nickel bearing sulphides identified in numerous holes - final assays pending
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Initial testing of previously unexplored eastern, interpreted basal, sequence at Talc Lake confirms mineralisation & prospectivity
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Results support exploration methodologies and targeting
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28.3 line km (301 stations) of MLEM geophysical surveys completed
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7.3 line km's (228 stations) of FLEM geophysical surveys completed
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DHEM geophysical surveys completed in 12 holes for 4161m
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Petrographic studies in progress to characterise host lithologies/NiS species
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Detailed mapping, geological/structural interpretation and historical data compilation ongoing
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Interpretation, priority targeting, program planning for 2016 ongoing
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Other Projects - Fraser Range, Dingo Range (Mt. Fisher/Mt. Eureka)
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Compilation of all available geoscientific datasets
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Ongoing geological assessment
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Target prioritisation
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Program planning
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Company Overview
MPJ aims to become an accomplished West Australian explorer and capitalise on the commodity trends by diversifying its portfolio of assets. By combining its leading Technical experts with the Company's core projects in the most highly prospective
W.A. regions, MPJ is focused on the discovery and delineation of Lithium, Gold and Nickel Sulphide resources.
Technical Team
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Mr Ian Finch (Proposed Chairman) - Anglo America, Rio Tinto, Taipan Resources
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Mr Neil Hutchison (Technical Director) - Posiedon Nickel, Jubilee Mines
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Mr Steve Vallance (Technical Manager) - WMC, ACM, Jubilee Mines, Xstrata, LionOre, Kagara
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Ms Sarah Dowling (Komatiite Specialist) - CSIRO, ACM, MPI
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Dr Nigel Brand (Geochemical Specialist) - WMC, Anglo American
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Newexco Services
(Geophysical and Geological Consultants)
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Mr Adrian Black
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Mr Bill Amman
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Greater than +100 years combined experience in NiS exploration
& mining
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Pivotal roles in discovery, delineation & development of Nickel Sulphide resources greater than 500kt of Ni with an in ground value greater than $10Billion.
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All participating in part equity for services.
Pilbara Lithium Gold Project Project Review
Pilbara adjoins the lithium projects of both Pilbara Minerals and Altura Mining
Mining Projects Group Limited has agreed to acquire the "Lynas Find Assets" to be renamed the Pilbara Lithium-Gold Project (Pilbara) in WA's Pilbara region from Tyranna Resources (ASX: TYX) and Tribal Mining Pty Ltd.
Pilbara adjoins both Pilbara Minerals' (ASX:PLS) Pilgangoora lithium-tantalum
project (52.2Mt @ 1.3% Li2O & 32.9Mt 0.0022% Ta₂Oƽ)₁ and Altura Mining's
(ASX:AJM) Pilgangoora lithium project (26.06Mt @ 1.20% Li2O)₂ [Figure 1].
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The project's northern tenements border Pilbara Mineral's spodumene deposit, where recent drilling is less than 500m from the tenement boundary. Spodumene is a mineral which hosts lithium. Pilbara Mineral's spodumene lithium bearing deposit is internationally recognised and has defined an emerging lithium region.
The Pilbara project covers 29km² ~100km south of Port Hedland. In 2008, ASX- listed Trafford Resources published a JORC (2004) gold resource of 49,515oz comprising 933,400t at 1.65gpt. The project had produced 125,493oz between 1994 and 1998.
The project lies in the Pilgangoora greenstone belt, which is dominated by the Pilgangoora syncline. The syncline is stoped out by regional granite. Where this granite wanes, pegmatite sills intrude the dolerite. These pegmatite sills are the source of the tantalum-lithium mineralisation in the area.
Figure 1: The Pilbara Project adjoins the lithium projects of both Pilbara Minerals and Altura Mining.