While no heavy mineral sands ('HMS') resources have been defined over IER's tenements, EL 4416 and ELA 4968, but Metallica Minerals Limited (ASX: MLM) has defined two HMS exploration targets over 9 granted exploration licences that lie immediately north of IER's exploration licences (see tables below).
Metallica Minerals has entered into a Right to Explore and Option Purchase Agreement with Rio Tinto (ASX: RIO) for the 9 granted exploration licences that cover these two exploration targets. The agreement is for a 12-month option period (commencing August 2011), during which MLM has the right to purchase the licences for A$8,000,000.
» Board of Directors
» Key People
» Contact Us
» Biogenic Natural Gas
» EnergyAustralia Partnership
» Biofuels (Licella)
Ignite Energy Resources Limited ('IER') is an Australian-based company focused on developing Exploration Licence 4416 ('EL 4416') and Exploration Licence Application 4968 ('ELA 4968'). EL 4416 contains extensive biogenic natural gas (BNG) and lignite (brown coal) resources, while both EL 4416 and EL 4968 are prospective for world-class heavy mineral sands deposits.