E52/1806 (Granted) and ELA52/2215

Emergent has entered a joint venture with De Grey Mining Limited (De Grey) to earn equity of up to 80% of the rights to iron, manganese and vanadium in 2 Exploration Licenses covering a 30 kilometre long strike length sequence of Archaean age multiple (BIF). The significance for the potential of the sequence of BIFs to contain large volumes of magnetite has been a recent discovery.  Poor outcrop and surface weathering precludes detailed assessment of the BIFs, however the strong magnetic signature consistent over the extensive strike length indicates substantial widths and high levels of magnetite being present.  Recent field sampling of existing outcrop yielded widths of up to 140 metres of iron enriched weathered BIF and host rock.



Highlights from this sampling are shown below:- 
Line 3; 70m @ 50.02Fe,25.50% SiO2, 0.04% Ti, 0.02% Mn, 0.06% P, 0.05%S,
Line 4; 70m @ 52.00%Fe 14.37% SiO2, 0.05% Ti, 0.03% Mn, 0.40% P, 0.04%S,
Line 6; 60m @ 50.65%Fe 16.11% SiO2, 0.13% Ti, 0.01% Mn, 0.16%P, 0.07%S,
Line 6; 140m @ 53.18%Fe 7.79% SiO2, 0.12%Ti, 0.02% Mn, 0.71%P, 0.07%S,
Line 7; 60m @ 50.17 %Fe 24.04% SiO2, 0.03% Ti, 0.02% Mn, 0.05%P, 0.05%S



The high Fe2O3 levels coupled with the comparatively low impurity levels indicate that beneficiation to remove silica and aluminium (clay and silicate minerals in the weathered and fresh rock respectively) will produce a high quality magnetite concentrate. Metallurgical testing is required to define what these outcomes will be. The reader is cautioned that these high grade iron results may be due to surface enrichment and probably could decrease with depth. The expected coarse grain size of the magnetite should readily lend itself to low-cost beneficiation to produce a high grade magnetite concentrate. 

Figure 2: Beyondie Iron Project Location, iron mines and developing projects.

The main highway and goldfields gas pipeline traverses the Beyondie leases providing a potential cheap power supply for beneficiation and transport infrastructure. To the north (160 kilometres by road) lies the Pilbara iron ore mining town of Newman exploiting typical Pilbara Palaeoproterozoic BIF (hematite), the beginning of the Pilbara iron industry infrastructure.  To the south near Meekatharra lies the developing infrastructure for the Mid West Region iron deposits.



Tenure and joint venture agreement
The Beyondie joint venture area (700 square kilometres) covers all of the granted E52/1806 and ELA 52/2215 as displayed on Figure 3 and Table 1.
The agreement to earn up to 98% equity is;

1. expenditure of $250,000 in the first year (after listing and prior to withdrawal),
2. earn 60% equity by expending a total of $750,000 over 2 years,
3. earn 80% equity earn by expending a total of $1,750,000 over 3 years,

Figure 3: Beyondie geology with BIF outcrops highlighted in  blue.



Location, Climate and Physiography
The tenements (granted and application) lie on the Collier 1:250,000 map sheet (SG50-4) catered at approximately on 1190 45’ East, 240 55’ South and MGA 1994 Zone 50 coordinates 780000mE, 724000mN.

The climate is semi-arid with hot summers and mild winters. Irregular rainfall averages around 200 mm which is mostly contributed to from northern cyclonic disturbances and scattered summer thunderstorms.
The area forms part of the western edge of the Gibson Desert and east of the Little Sandy Desert of Western Australia with the topography varying according to rock type.  Rugged ranges form over the Proterozoic meta-sediments and colluvial slopes surround areas of outcrop.



Regional Geology and Mineralisation
The project area is underlain by the Marymia Dome (Bunting, 1977) composed of Archaean schist, magnetite bearing BIFs and granite similar to the rocks of the Yilgarn Craton’s Mid West Region of Western Australia being developed for export of magnetite through the port of Geraldton. Metamorphosed BIF is common in the schists which are well bedded and laminated with contorted folding in some layers.  The schist sequence has been intruded by granite to the south which has metamorphosed the sequence. The expected coarse grain-size fraction for the magnetite is as a result of the high grade metamorphism.

Figure 4: Beyondie Iron Project Location and surface sampling locations (Area 1 to 7).



Local  Geology
The continuity and strength of the magnetic signature of the BIFs indicates continuity of the partially soil covered BIF, wide multiple zones of BIF, and high levels of magnetite.  The greenstone schist/BIF sequence has been intruded by granite metamorphosing and  recrystallising the magnetite resulting in an increase in grain size which may aid cost effective beneficiation of a magnetite product.  The BIF in the granted licence, E52/1806, has been sampled (10 metre continuous rock chip sampling over 10 metre sections) over a strike length of 10 kilometres, with results set out below.
Area 1: Line 1, 70m wide. The sampled BIF has poor outcrop and stringer veins. The BIFs extend for a further 50 metres to the north which was sampled along strike in Lines  4 & 6 where the outcrop is of a similar nature.
Area 2:  Line 2, 30m wide with a continuous 1km strike.
Area 3:  Line 3, 90m wide & Line 7, 50m wide. BIF structural drags with three layered units of BIF.
Area 4: Line 4, 180m wide. Minor BIF surface outcrop in areas with laterite.
Area 5: Line 5, 40m wide. Small area of outcrop of  BIF.
Area 6: Line 6, 270m wide.  BIF/laterite  "pod" with the laterites at the southern end of the traverse.  Siltstone with Fe in areas. 
Area 7:. BIF not yet sampled. Table 1: Sample Results from Beyondie Surface Samples.

Work Program
1. Field mapping and sampling the outcropping BIF’s will be followed by drilling to obtain the grade of thickness magnetite bearing BIF recoverable by beneficiation after removal of silica minerals and waste. 
2.  Planned Airborne magnetic survey cover 30km strike length of known BIF’s
3. Studies of similar process options at other magnetite projects and of the logistics of transporting the ore to port.
4. Detailed drilling, to define JORC resources and to obtain adequate samples for main programme of laboratory testing.
5. The formal full feasibility study can then commence based on:
                         1.   a standard type open cut mine,
                         2.   a concentrating plant using conventional technology and
                         3.   road / railway transport using existing transport facilities