INFRASTRUCTURE ACCESS-PORT & RAILRoyal has MOU with Flinders Port Pty Ltd to investigate port options; And HOA with Genesee and Wyoming Australia Pty Ltd to investigate rail options.
NATIVE TITLE AGREEMENTNative Title Mining Agreement was signed with the Ngadjuri Nation Native Title Claim Group covering the Razorback Iron Project Area..
WHY MAGNETITE AND WHY NOWMagnetite currently attracts a $5/%Fe/t premium over the reference fines price.
LOW GRINDING AND POWER COSTSRazorback will produce a clean, high grade concentrate.
LOW STRIPPING RATIOpotential for stripping ratio of close on zero initially.
RAZORBACK JORC RESOURCEExploration activities within the Red Dragon Project area has defined a JORC Inferred Resource of 568.6 Million tonnes at 25.6%Fe.
HUGE TONNAGE POTENTIALAn exploration target potential of 4 – 8 Billion Tonnes at 18 – 45% Fe.

Projects

NGALIA  (Northern Territory, Australia)- URANIUM

(ROY Earning 60%, ALZ 40%)

The Ngalia Basin is host to the sandstone hosted Bigrlyi uranium deposit. This deposit, owned by Energy Metals Ltd, Paladin Energy Ltd, and Southern Cross Exploration NL, has an Inferred and Indicated Resource of around 8,000tU @ 0.13% UU3O8. The Ngalia tenement lies 45 km along strike to the southwest, covering 28km of the concealed but prospective Mt Eclipse Sandstone, host to the Bigrlyi deposit.

Royal submitted an application for drilling co-funding under the Northern Territory’s Bringing Forward Discovery Drilling Collaboration initiative and was successful in attracting 50% funding for a diamond drilling programme. Once the access agreement is finalised with the Central Lands Council, anticipated to occur by the end of 2009, this drilling, along with geophysical surveying and additional RC drilling, will commence. 

 

Sales of low grade magnetite resources expressed as $ per tonne of 100% Fe in 2011 dollar terms