West Pilbara Iron Ore Project Resource Increases to 927Mt

Aquila Resources is pleased to report an update to the JORC Resource estimate for the West Pilbara Iron Ore Project located in the Pilbara region of Western Australia.

The36 simons cone crusher parts list Project is managed by the Australian Premium Iron Joint Venture (“API JV”), in which the Company has a fifty percent interest.

Stage 1 Development Area

With the assistance of Golder Associates Pty Ltd (“Golder”), Mineral Resource estimates have been
completed for the Kens Bore East Deposit within the Mt Elvire Project (API JV 100%) and updates to the eight Channel Iron Deposits located within the Red Hill Joint Venture (API JV 60%, earning 80%) and Mt Stuart Joint Venture (API JV 70%). The updated Mineral Resource estimates completed for Cardo Bore East, Cardo Bore North, Catho Well, Cochrane, Jewel, Kens Bore, Trinity Bore and Upper Cane are based on infill and extension drilling, revised stratigraphic interpretations and improved density and topographic information.

The Kens Bore East Mineral Resource estimate has not previously been included within the WPIOP – Stage 1 Resource Statements.

The updated Mineral Resource estimate represents an increase of 186Mt over the previous total CID
resource within the Stage 1 Development area. The increase was derived from Kens Bore (34Mt), Kens Bore East (117Mt), Catho Well (19Mt) and Cochrane (12Mt).

With the increase in the above Resources, the iron ore Resource for the Stage 1 development of the West Pilbara Iron Ore Project now stands at 687Mt.

Highlights

• Total JORC iron ore Resource now totals 927Mt


• 185Mt (37%) increase from the previous Stage 1 development Resource


• 87% of the Stage 1 development Resource is now categorised as Measured or Indicated


• Significant potential to further expand Channel Iron Deposit (CID), Detrital (DID) and Bedded Iron Deposit (BID) Resources.

Click here to view the full announcement.