Corporate Profile
The focus of Dynasty Metals Australia Ltd (ASX Code: DMA) during 2011 will be to:
- continue with the evaluation of its 1.4 billion tonne flagship Prairie Downs Iron Project in the Pilbara Region of Western Australia; and
- further explore various iron targets on its massive 4,000km2 lease holding in the area.
Dynasty also has a number of tenements in the Pilbara which are prospective for iron, gold, copper, base metals and rare metals.
Dynasty Metals is completing an interim exploration program over the summer months (wet season) and vigorously continuing with the metallurgical test-work on the bulk samples collected by sonic drilling during the 2010 field season. On completion of this work in March/April 2011, Dynasty's technical team, which includes the highly experienced exploration consultants Terrasearch, will construct a comprehensive drilling and bulk sample evaluation program for the 2011 field season. A decision will be made at this time as to whether a Pre-feasibility Study should commence and the program accelerated. In addition, Dynasty will undertake geological exploration and drilling programs on its other tenements in the Pilbara Region.
Also in Western Australia, Dynasty Metals has a number of tenements in the following three areas:
- Irwin River tenements near Dongara and Geraldton have been secured for coal and coal seam gas;
- Hector Bore tenements in the Ashburton Region are prospective for uranium; and
- Hyden and Stanley Nabberu in the Yilgarn Region are prospective for gold, base metals and uranium.
In 2011, Dynasty will continue to evaluate these projects with a view to seeking joint venture partners, so that it can concentrate on its core Prairie Downs Iron Project and the evaluation of its other tenements in the Pilbara.