Meteoric holds a 100% interest in the Coorara irn or project in the South Yilgarn iron ore province of WA. The project is situated 30km from the recently opened Carian iron ore mine and covers a 40km strike length of magnetite banded iron formations (BIF) as evident in outcrop and in aeromagnetic data. Significantly, the project is immediately along strike from Macarthur Mineralsí Ularring hematite project (84 million tonnes at 46.5% Fe) and its Moonshine magnetite project (1.3 billion tonnes at 30.1% Fe). Coorara is situated some 60km from the multi user Trans Australian Railway which provides options for access to ports at both Esperance and Kwinana..
Meteoric has completed an aeromagnetic survey, geological mapping and sampling and ground magnetic surveys which have identified numerous zones of hematite-goethite alteration of the magnetite BIF. Scout RC drilling has confirmed hematite alteration with intersections including 8m @ 60.9% Fe from 10m depth. Several areas of significant hematite alteration remain to be drill tested.
Coorara Aeromagnetics and Target Areas