Pearl Gull’s tenure and key infrastructure located at Cockatoo Island provide the Company with a real time and cost advantage in its commercial efforts in a location which historically has hosted one of the world’s highest grade iron ore deposits. Pearl Gull is undertaking a high impact exploration program in an area of known mineralisation where the Company’s exploration interpretation of the geology is strongly supported by historical data. Pearl Gull is targeting the establishment of iron ore resources and ultimately the definition of iron ore reserves and has assembled a talented board and team to action the Company’s strategy.
Projects of Pearl Gull Iron
High grade haematite mineralisation can be observed on Pearl Gull’s Mining Lease, along strike from the historical Seawall mine in an area the Company has called Switch Pit. An exploration drilling program has commenced in this area.
Interpretative work undertaken by Pearl Gull Iron has identified the potential for high-grade structural repeats on the northern side of the island. An exploration drilling program has commenced in this area where historically there has been no exploration, despite high grade haematite sands being clearly visible on the beach.
The Magazine Pit area is located in the southeast part of the tenement package and exploration in this area will target medium grade haematite suitable for beneficiation, as was undertaken previously on the island.