Company Overview

WIM Resource - An Emerging Major Player

WIM Resource Pty Ltd (WIM) is an emerging major producer of Zircon, Rare Earths & Ilmenite. The company's flagship Avonbank Heavy Mineral Sands Project is currently at a final optimisation & approvals stage, with production is scheduled to commence from 2021. The Avonbank Project is expected to have a mine life of atleast 30 years.

WIM owns three individual  JORC 2012 compliant mineral resources: Avonbank, Wedderburn & Bungalally deposits -  totalling a cumulative resource inventory of near 1 Billion Tonnes of ore. This Tier 1 resource portolfio will enable WIM become the a world-class supplier of Zircon, Rare Earths & Ilmenite for the next 100 years.

WIM has an exploration portfolio comprising the Quambatook Project, which has significant HMS potential.

AVONBANK - WORLD CLASS ZIRCON PROJECT

The Avonbank HMS Project is currently at a final feasibility & approvals stage. WIM expects to bring the Avonbank project on-line by 2021, co-incident with an expected decrease in global Zircon & Rare Earth supply. 

JORC RESERVE

  • Total Ore Reserve 311.8 Million tonnes @ 4.3% Total Heavy Mineral (THM)
  • Ore Reserves underpin 30-year mine life
  • Proven Reserves of 220.4 Mt @ 4.4% THM
  • Probable Reserves of 91.4Mt @ 4.0% THM
  • Total Valuable Heavy Mineral (VHM) suite: 73.5% VHM
  • High Zircon content of 20% - premium ceramic grade quality
  • Rare Earth content of 2.6% - premium quality 55% TREO

JORC RESOURCE

  • Mineral resource of  490 million tonnes @ 4.0% THM (JORC 2012, Measured, Indicated & Inferred) 

  • Contains > 300Mt @ 4.3% THM classified as Measured (JORC 2012) 

HEAVY MINERAL ASSEMBAGE

  • Has an in-situ Zircon content of 1.1% for years 1-15 mine path (23% Zircon in HM) 
  • Consistent ultra-high-grade zones >28% Zircon & 4% Rare Earths (relative to HM)

PRODUCT QUALITY

  •  Zircon product meets premium specifications (>66.5% ZrO2+Hf) and very low Fe2O3 and Al2O2 -  as required by major downstream users

  • All Rare Earth product meets downstream premium specifications and contains CREO - Xenotime

  • Titania suited as feedstock for chloride & sulphate grade slag

WEDDERBURN HMS PROJECT


The Wedderburn HMS Project is an early stage exploration project, key features of the project include:

  • estimated mineral resource of 223 million tonnes @ 2,9% THM (JORC 2012, Indicated & Inferred).

  • Higher grade (+3% THM) and shallow zones (strip ratio of < 1:1) in some areas of the deposit

  • Premium, low trash mineral assemblage - +80% VHM

  • Nearby to existing power, water, rail & road infrastructure & several major ports

BUNGALALLY HMS PROJECT

The Bungalally HMS project is at a resource definition stage. It is consistent with WIM's other projects: high zircon, high rare earths and high VHM and very well located with respect to existing critical infrastructure.

WIM has completed three drilling programs and detailed assays and mineralogy. Key features of the project include:

  • Mineral Resource Estimate of 205Mt @ 2.7% THM (JORC 2012, Inferred)

  • Shallow mineralisation over much of the project area - with some higher grade zones (+3% THM) that have a strip ratio of <1:1 (waste to ore)

  • nearby to existing infrastructure: rail, roads, power, water & several major Ports

QUAMBATOOK HMS PROJECT

The Quambatook HMS project is at an exploration stage. Early drill results are very positive and it appears consistent with WIM's other projects: high zircon, high rare earths and high VHM and very well located with respect to existing critical infrastructure. The Quambatook project is located some 50k due north of WIM's existing Wedderburn HMS project.

STAVELY BLOCK 10 EXPLORATION PROJECT

In late October 2018, WIM was awarded the sole right to apply for Block 10 of the Stavely Initiative. This followed a competitive Stavely Tender process based on technical, stakeholder & financial merit, completed in August 2018. WIM proposes to explore for copper, gold and other metals in the southern part of the Stavely Arc, over block 10 which covers approximately 750km2.


WIM will now proceed to lodge an exploration licence, now that it has been awarded the sole right and expects that the EL may be granted in early-mid 2019.
The WIM technical team have already developed a number of exciting exploration targets, which will be assessed via a staged approach, involving geophysical surveys and reconnaissance drilling. WIM is delighted to have been recognised by the State Government, as the highest ranked applicant and are looking forward to exploring Block 10.

Further information can be found via other Stavely project pages of this web site and via : http://www.wimresource.com.au/irm/PDF/1115_0/WIMawardedStavelyBlock10