www.carpentariaex.com.au
Carpentaria Exploration (ASX: CAP) is an exploration company focused on discovering base, precious metals and bulk commodities in eastern Australia. The company currently has interests in iron ore, tin, gold, copper and coal exploration projects. Discoveries to date include: Hawsons Iron Project - NSW and the Euriowie Tin Project - NSW.
Carpentaria Exploration receives non binding offer
Carpentaria Exploration (ASX: CAP) has reported it "has received a confidential non-binding indicative offer" for the company.
The company has requested a trading halt from the ASX to evaluate the offer and will make an announcement prior to opening Tuesday, 13 July 2010.
CAP has been in the news lately with its Hawson iron joint project, near Broken Hill in New South Wales which is highly prospective for bulk magnetite iron. CAP closed a deal with privately owned Bonython Metals Group Pty Ltd to farm-in to the venture with staged payments
The project has an exploration target of 2.2 to 4.8 billion tonnes at 18% magnetite DTR with a concentrate grade of 69 -71% Fe with a low level of impurities, to a depth of 250 m over an estimated strike length of the prospective host unit of 34 to 51 km. This deposit is widely considered to be one of the largest magnetite exploration targets in Australia.
CAP also released promising results from the first hole drilled at the Hughenden Coal (CAP 20%) project.


















