Project Details
Southwest WA
Olympia has assembled a portfolio of 19 prospecting and exploration licences and applications covering more than 1,250 square kilometres in the Southwest of Western Australia - one of the world's major mineral sands provinces. The majority of these tenements are located in the southern part of the Swan Coastal Plain and cover strandlines eroded into the Pinjarra Plain and the Darling and Whicher Scarp.
This region contains the world-class Capel and Yoganup shoreline deposits, currently being mined by Doral Mineral Industries Limited, Iluka Resources and Cable Sands.
All of the Company's Project areas are regarded as being highly prospective for significant HMS deposits.
Olympia holds exploration leases over the following mineral sands resources:
|
Area
|
Category
|
Ore (t)
|
HM%
|
Slimes%
|
HM (t)
|
|
Keysbrook*
|
Measured
|
56,000,000
|
2.6%
|
8.0%
|
1,450,000
|
|
|
Indicated
|
5,000,000
|
2.5%
|
7.9%
|
130,000
|
|
|
Inferred
|
3,000,000
|
2.5%
|
8.3%
|
85,000
|
|
|
|
|
|
|
|
|
Ambergate#
|
Measured
|
3,122,000
|
6.2%
|
16.3%
|
192,400
|
|
|
Indicated
|
3,696,000
|
5.9%
|
12.9%
|
219,000
|
|
|
|
|
|
|
|
|
The Loop#
|
Inferred
|
11,500,000
|
7.2%
|
26.5%
|
820,000
|
|
|
|
|
|
|
|
|
Keysbrook South*
|
Indicated
|
13,600,000
|
2.24%
|
11.0%
|
305,000
|
|
|
|
|
|
|
|
|
North Dandalup#
|
Inferred
|
10,700,000
|
4.5%
|
25%
|
490,000
|
|
|
|
|
|
|
|
|
Coolup*
|
Indicated
|
2,000,000
|
6.0%
|
9.3%
|
120,000
|
|
|
|
|
|
|
|
|
Yalyalup*
|
Inferred
|
14,627,000
|
4.78%
|
17.8%
|
690,100
|
|
|
|
|
|
|
|
|
Total
|
|
123,245,000
|
3.6%
|
13.1%
|
4,501,500
|
# Reported in Olympia Prospectus
* Resource prepared by John Baxter RPGeo, Olympia Resources Ltd
Olympia's exploration program in the Southwest of WA is focussed on obtaining more Keysbrook style surface deposits in the vicinity of Keysbrook as well as undertaking scout drilling over the remaining tenements in the portfolio looking for both Keysbrook type and more traditional strand type deposits.
Eucla Basin
Olympia holds 474 sq kms of exploration licences south of Balladonia and along the southern coastline within the Eucla Basin region in the South East of Western Australia. Recent discoveries of heavy mineral sands deposits in other parts of the Eucla Basin are very encouraging. Exploration of the Eucla Basin tenements is being undertaken by Mineral Sands Limited under a joint venture farm-in agreement.
Last Update: 23-Nov-07
