Capital Raising Update
September 29th, 2009
Pluton is currently in the process of raising capital to:
- settle the purchase of an additional 50% of Irvine Island;
- fund Phase II drilling on Irvine Island;
- fund the regulatory studies required to bring Irvine Island to the mining stage; and
- fund general working capital.
Pluton Resources Limited Broadcast
September 24th, 2009Annual Report to Shareholders
September 9th, 2009During the year Pluton commenced drilling on our flagship asset, Irvine Island in Western Australia. While drilling exposed zones of high grade iron suitable as direct shipping ore, it became clear that if lower grade material could be beneficiated then Irvine Island could become a large-scale high grade iron ore project.
Irvine Resource Increases By 315%
August 23rd, 2009The upgrade is from 13Mt at 54.4% Fe at a cut off grade of 50% Fe (Inferred Resource) to 54Mt at 49% Fe (Inferred Resource) using a cut off grade of 30% Fe. This new Inferred Resource includes a high grade component of 25Mt at 55% Fe (Inferred Resource) using a cut off grade of 50% Fe.
High Grade Beneficiation Results
August 18th, 2009Tests have now been completed on both hematite- and magnetite-rich feed material from Irvine Island. Pilot-scale Low Intensity Magnetic Separation (LIMS) followed by batch-scale Wet High Intensity Magnetic Separation (WHIMS) have produced iron concentrates from both the main iron mineralised Yampi Member on Irvine Island and overlying iron-bearing Wonganin Sandstones.
Pluton Aquires Additional 50% of Irvine Island
August 10th, 2009Mr Tony Schoer said: “We believe this transaction provides a win/win for both companies. Owning 100% of the Irvine project provides strategic options for Pluton to advance the project for the benefit of all stakeholders. We also welcome Cliffs as a major shareholder in our company”.
Quarterly Activities Report
July 27th, 2009Excellent beneficiation test results received on magnetic ores from Irvine Island. Beneficiation test results for non-magnetic hematite-rich ores from Irvine Island are due shortly. Discussions with various third parties on potential Irvine Island transaction are progressing.
Quarterly Cashflow Report
July 27th, 2009Mining exploration entity quarterly report. Quarter ended 30 June 2009
Irvine Island: Fe concentrates successfully produced using magnetic separation
July 2nd, 2009
High grade magnetite intersection from drill hole ID28, Irvine Island.
CSIRO testing of iron ore samples from Irvine Island in the Kimberley region of Western Australia is showing that a high grade concentrate can be produced from iron ore with head grades as low as 26% Fe. Concentrates initially produced using Davis Tube graded greater than 69.5% iron (Fe). These were produced without need for fine grinding. Further testing using magnetic separation technology produced a product grading 65.82% Fe from the main iron mineralised Yampi Member Sandstone unit. More surprising was that a concentrate grading 67.79% iron was also produced from iron-bearing sandstones overlying the main Yampi member. Managing Director, Tony Schoer said the rocks overlying the Yampi Member were only previously ever considered as waste.
Irvine Island Market Update
June 18th, 2009Pluton Resources Limited (ASX Code: PLV) is aware of rumours about potential transactions relating to its Irvine Island interests.