Peculiar Knob

OVERVIEW

The Peculiar Knob Project is located in central South Australia 770 kilometres northwest of Adelaide and 90 kilometres southeast of Coober Pedy.  Mineral Lease (ML) 6314 is 100% owned by WPG and covers an area of 2.5 square kilometres.  Topography is flat with minimal vegetation comprising salt bush and blue bush.  Good access is provided by the Stuart Highway and 28 km of well formed gravel road.  The Adelaide to Darwin railway line is situated 80 km to the west.


LEASE AND LICENCE SUPPORTING DOCUMENTATION

To Download Haul Road MPL and EML supporting documentation, click here


GEOLOGY & MINERALISATION

Peculiar Knob is situated in the Mount Woods Inlier within a sequence of Paleoproterozoic to Mesoproterozoic metasediments, deformed granitoids and granite.  Rock types include banded iron formation (“BIF”), various forms of gneiss and metapelite and migmatite.  A zone of high grade iron ore mineralisation is contained in two sub-parallel elongate lensoidal bodies of massive specular (micaceous) haematite, also known as specularite that are thought to have formed as a result of hydrothermal enrichment of a metamorphosed BIF.  The main haematite body has a north-east to south-west trend and pinches and swells along a strike dimension of approximately 1100 metres.  It generally dips steeply to the north-west however dip reversals are evident in some places.  The mineralisation has been closed off at the north-eastern end but remains open at depth.  The body may extend along strike to the south-west beyond the limits of the drilling but is considerably thinner at that end.

The Peculiar Knob deposit has been defined by a program of sytematic drilling completed by WPG in early 2007 and 2010. A block model estimate based these results and those from previous drilling gave a resource of 19.2 million tonnes at a grade of 64.0% iron as per the following table:


RESOURCE DEVELOPMENT

WPG intends to develop the Peculiar Knob deposit as a Direct Shipping Ore ("DSO") mine, supplying high grade ore to the Asian market, at a rate of up to 3.3 million tonnes per annum.  The Company has set a strategic goal of commencing production during 2011.  A mining lease has been granted and the Company is well advanced with infrastructure planning.

The proposed configuration of the mine is shown below.

More information on current projects

ROBERT H DUFFIN – EXECUTIVE CHAIRMAN

BSc (Hons), MSc (Hons), Grad Dip Mgt, FAusIMM

Bob Duffin is a company director and consultant to the mining industry, specialising in mining investment analysis, valuations and the provision of mining sector investment advice.  He has over 35 years experience in resource exploration and project assessment, including over 20 years experience in mining investment analysis, project valuations and assessments of fair value of securities.

Bob has held senior positions in the exploration divisions of Peko Wallsend Ltd and MIM Holdings Ltd, then two of Australia's largest mining companies, and is a former managing director of Austirex International Ltd, an international resource exploration consulting and contracting firm.  He has lived and worked in mining communities, including periods in Kalgoorlie in Western Australia and Mount Isa in Queensland, where he worked on exploration programs for a number of commodities, including gold, copper, uranium, base metals and iron ore.  He has also worked with three stockbroking firms and was head of research at one of Australia's leading resource sector brokers in the 1980s.

Bob is a director of Ferrowest Ltd.  He was a non-executive director of Centennial Coal Company Limited from 1992 until 2007. He is a former director of the UK resources investment company Europa Minerals Group PLC and a former director of a number of other mining and resources companies including Austmin Gold NL, Burmine Limited and Midwest Corporation Limited.


HEATH L ROBERTS – EXECUTIVE DIRECTOR AND COMPANY SECRETARY

Dip Law (SAB), Grad Dip LegP (UTS)

Heath Roberts practiced as a commercial solicitor before specialising in corporate advice, company secretarial practice and fund raising, with a focus on the resource and mining sectors.

Heath has had over 14 years broad commercial experience with a range of ASX listed companies including WCP Resources Ltd, Michelago Ltd, Intec Ltd, Gloucester Coal Ltd and other unlisted resource and mining groups.  He has participated as an adviser and principal in a number of ASX listings and corporate reconstructions.  He was Company Secretary of the Sydney Kings basketball company in 2001.  He has a strong corporate background and significant experience in project assessment and acquisition, transaction negotiation, capital markets and corporate administration.


GARY J JONES – TECHNICAL DIRECTOR

BSc MAusIMM MSEG

Gary Jones is a geologist with over 40 years professional experience in mineral exploration and resource and reserve estimation for various type of mineral deposits including porphyry copper-gold and epithermal gold.  He is Managing Director of Geonz Associates Ltd, a leading New Zealand firm of consulting geologists, and has been an independent consultant to the mining industry for the past 24 years during which time assignments have been completed in many parts of the world including Australia, Indonesia, North and South America, Canada and New Zealand.

Prior to setting up his own consultancy Gary worked as an exploration geologist for Geopeko for 15 years in various parts of Australia including 12 years in central New South Wales where he established and managed a new exploration operation for Geopeko.  During this time he supervised numerous base and precious metal projects throughout the Lachlan Fold Belt and parts of the New England region and is credited with the discovery of the Northparkes porphyry copper-gold deposits.  Following the initial discoveries at Goonumbla, Gary also had a major input into the pegging of a large block of exploration licences in the Lake Cowal region.  He planned and supervised the initial regional exploration programs that ultimately led to the discovery of the 4.4 million ounce Cowal porphyry gold deposit. Early in his career Gary worked on iron ore exploration and mining activities in the Northern Territory.


LEN DEAN – NON-EXECUTIVE DIRECTOR

BSc (Met)

Len Dean has had a 40 year career in the resources sector, with particular emphasis in the global iron ore industry.  He spent 36 years with BHP, finishing in 2000 as Vice President, Coal and Iron Ore Marketing.  During his period with BHP he was General Manager, Marketing for BHP Iron Ore in Perth for 8 years, he managed iron ore mining operations at BHP’s Yampi Sound mine, and he lived and worked at BHP’s (now OneSteel’s) Whyalla works for 3 years.  He was Managing Director of Sesa Goa Limited, India’s largest private sector exporter of iron ore, from 2003 to 2006.  More recently, he has been an iron ore consultant with a wide client base including Orinoco Iron (Venezuela), Mitsui Iron Ore Development, CVRD (Brazil) and Mineral Enterprises Limited (India).


DENNIS MUTTON – NON-EXECUTIVE DIRECTOR

Dennis MuttonBSc (Hons), Grad Dip Mgt, JP, FAIM, MAICD

Dennis Mutton is a management consultant specialising in natural resource management, primary industries and resources, regional growth initiatives and business-government relations.  From 1997 to 2002 he was Chief Executive of the South Australian Department of Primary Industries and Resources.  He has a portfolio of directorships including Bio Innovation SA, and is Chair of the Council of Rural Research and Development Corporations.  He is a former member of the Senior Management Council of the South Australian Government, a former Director of Mines, and a former Director of the Australian Rural Leadership Foundation.  Dennis lives in Adelaide.


ROBERT L RICHARDSON – NON-EXECUTIVE DIRECTOR

BSc (Physics), BE (Hons), MAusIMM, MASEG

Bob Richardson has 40 years experience in mineral exploration management, geophysics and exploration technology. His career includes 15 years with the Peko Wallsend Group as Chief Geophysicist and then Exploration Manager. He was a founder in 1976 and Managing Director of Austirex International Ltd that became a major international airborne geophysical contractor.

Bob has been at the forefront of mineral exploration in many parts of Australia for his entire career and has provided essential input into a number of important mineral discoveries.  In 1987 he co-founded PlatSearch NL, where he was Managing Director for many years and then a non-executive director until 23 July 2010. He is also a non-executive director of Crossland Uranium Mines Ltd and Silver City Mining Ltd.

Greg Jones, Managing Director or PlatSearch NL, was appointed alternate Director for Bob on 8 October 2009.


LIM SEE YONG – NON-EXECUTIVE DIRECTOR

BBA (Singapore)

Lim See Yong is General Manager and Director of Xin Sheng International Private Limited, a trading company related to Tangshan Xingye Industrial and Trade Group Corporation, an investor in raw materials for the steel industry.  He spent 11 years with NatSteel Trade International, a Singapore mill that produces bars and wire rods from scrap.  He was NatSteel’s chief representative in China for 7 years from 1995.  From 2002 to 2006 he was in charge of selling iron ore and steel products to China, and exporting semi and finished steel products to South East Asian markets.  See Yong lives in Singapore.

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