Pluton Resources Limited

Iron ore projects in the Kimberley Region of Western Australia

Pluton has the exclusive right to earn up to 50% interest in five tenement applications prospective for iron ore through a joint venture with Portman, an established miner and co-owner of the nearby Cockatoo Island Mine (3.5 Mt at 68% iron).
The Tenements include iron ore on Irvine Island, estimated by the Broken Hill Proprietary Company Limited (BHP) in the early 1970’s at 7.5 million tonnes of open-cut iron ore (open and untested at depth). Under the current JORC code, this is classified as an Exploration Result.
There is existing mining and port infrastructure in the region, including that co-owned by Portman in joint venture with Henry Walker Eltin.
The Tenements are strategically located for Chinese and Indian markets.

A more detailed description of these projects can be found in Section 5 in the prospectus.

Copper-Gold-Silver projects in Tasmania

The Dove River tenement and Lemmonthyme tenement application are included within the Mt Read Special Prospectivity Zone (established by the Tasmanian Government to promote investment security in mineralised areas).
An in-situ sample collected in the presence of the independent consulting geologist has identified visible gold within altered and mineralised Mt Read Volcanic rocks at one location near the Devon Mine in Tasmania, an area known for gold mining and shown by previous explorers to be prospective for gold.
Early results are expected from drilling in the first year including:
Two locations in the Dove River Tenement application area.

A more detailed description of these projects and the Company’s intentions can be found in Section 5 in the prospectus.

Map of Tasmania showing highly prospective Mt Read Volcanic Belt (green) and Pluton tenements (red)

Copper and gold-bearing stockwork and vein mineralization from the Devon Mine, Dove River Tenement, Tasmania.