Padbury's flagship project is the Peak Hill Iron Joint Venture with Aurium Resources. This highly prospective project has a maiden Inferred JORC compliant resource of 850Mt at 27.3% Fe and a hematite exploration target of 10-55Mt at 55%-60%Fe.
The company has a solid Program of Work underway as part of its three-year strategic plan for the development of the Peak Hill project. This work includes:
- Major drilling program aimed at further defining and expanding the magnetite resource
- Major drilling program to define potential haematite assets
- Heritage surveys
- Spring Flora and Fauna surveys
- Metallurgical studies
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Peak Hill Iron Project
Padbury’s highly prospective Peak Hill Iron Joint Venture is within Padbury’s 2500 square kilometres of tenements in Western Australia's Mid West region and is part of the Robinson Range Banded Iron Formation (BIF). The project incorporates the Telecom Hill and Mt Padbury deposits.