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Market: ASX
Sector: General Mining
EPIC: WPG
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WPG Resources
www.wpgresources.com.au

WPG Resources (ASX: WPG) is an Australian mineral resources company with iron ore and coal exploration projects located in South Australia. WPG's iron ore deposits comprise direct shipping ore (DSO) deposits, magnetite deposits and a new style of mineralisation; beneficiable feed ore (BFO) deposits.

The Company’s iron ore deposits lie in the Peculiar Knob and Hawks Nest tenements in the Gawler Craton south of Coober Pedy with a resource of 19.2 million tonnes at 64.0% iron that the company intends to bring into production in 2011 at a rate of 3.3 million tonnes per year for an approximate five year mine life. The coal projects are located in the Coober Pedy region and in the southern part of SA at Lochiel and Pidinga.

Full WPG Resources profile here
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WPG Resources dispatches coal core samples from Penrhyn to Evergreen Energy’s test facility

31st May 2011, 11:23 pm

WPG Resources (ASX: WPG) is expecting results shortly from two diamond core holes which were specifically drilled to provide samples for testing at Evergreen’s K-Fuel test facilities in Wyoming.

The drilling program at WPG Resources Penrhyn coal project, which is located  south west of Coober Pedy in South Australia, has almost finished.

By the end of May just 2 of the 34 hole program remained to be drilled.

Penrhyn will form part of the proposed joint venture with Evergreen Energy Inc (NYSE Arca: EEE), which was announced to the market earlier this year.

Penrhyn is a sub-bituminous coal deposit and is strategically located 25 kilometres from the rail loading loop, and a similar distance from the accommodation village and haul road that will be built for the company's flagship Peculiar Knob iron ore project.

Penrhyn is therefore ideally situated to benefit from this infrastructure and the company’s Port Pirie export facility.

Importantly for the project, WPG Resources said drilling results to date have been in line with expectations.

 

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