Friday, 04 November 2011
Perth-based Australian mineral exploration company Padbury Mining Limited announced on November 3 that it has joined the Geraldton Iron Ore Alliance (GIOA), following the lead of fellow iron ore developers Gindalbie Metals, Crosslands Resources and Sinosteel Midwest Corporation.
The GIOA was formed by a group of companies with iron ore deposits in the Geraldton/Mid West area of Western Australia. Padbury's managing director Gary Stokes said "The GIOA offers a valuable network to its member companies and I look forward to working with them and contributing to the advocacy of our region."
Padbury is currently developing its flagship Peak Hill joint venture for which the company defined an initial JORC compliant inferred resource in April this year of 850 million mt, at 27.3 percent iron, also prospective for hematite.
(sourced steelorbis)
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