Company Overview
Strike Resources is an Australian-listed resources company focussed on developing a large scale iron-ore project in Peru.
Apurimac and Cusco Iron Ore projects, Peru– These are large-scale iron ore projects, with Apurimac in the Pre-feasibility Study stage. The company is seeking to establish a 15 – 20 million tonne per annum (Mtpa) operation based on current JORC Indicated and Inferred Resources of 373Mt with significant exploration upside.
Strike Resources executed an agreement with Canadian company Cuervo Resources Inc. in July 2011 giving it the right to acquire up to 49.2% of Cuervo (46% on a fully-diluted basis). This strategic move consolidated Strike’s position as the major holder of high-quality iron-ore concessions in the Apurimac and Cusco regions.
Project Summary
Apurimac Overview
- 56% holding in Apurimac Ferrum S.A. (AF)
- Large-scale iron ore project in Apurimac, Southern Peru
- AF holds concessions comprising 59,000 hectares at Apurimac
- Current JORC Resources of 269Mt at 57.3% Fe
- Objective to produce 20Mt of product per year
Cuervo Overview
- Strike has an agreement to acquire up to a 49.2% (undiluted) stake in Cuervo Resources Inc.
- This strategic move adds to Strike’s existing holdings within AF
- Cuervo has 14,000 hectares of exploration land with substantial exploration upside
- Cuervo has JORC Resources of 106Mt at 45.3% Fe
Berau Overview
- Smaller-scale thermal coal project in Berau province, East Kalimantan, Indonesia
- Objective to produce 3Mt of thermal coal per year
- Dispute with partner with legal options being explored
Company Overview
Strike Resources is an Australian-listed resources company focussed on developing a large scale iron-ore project in Peru.
Apurimac and Cusco Iron Ore projects, Peru– These are large-scale iron ore projects, with Apurimac in the Pre-feasibility Study stage. The company is seeking to establish a 15 – 20 million tonne per annum (Mtpa) operation based on current JORC Indicated and Inferred Resources of 373Mt with significant exploration upside.
Strike Resources executed an agreement with Canadian company Cuervo Resources Inc. in July 2011 giving it the right to acquire up to 49.2% of Cuervo (46% on a fully-diluted basis). This strategic move consolidated Strike’s position as the major holder of high-quality iron-ore concessions in the Apurimac and Cusco regions.