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- Quickstep Dec 2009

pluton Resources (plv)looking cheap at 0.47 C ?

Posted on October 13th, 2009 in 2009, aussie dollar, aussie economy, Aussie jobs, aussie shares, aussie stocks, Pluton Resources, plv

Pluton Resources’ Irvine Island Iron Ore Grades Receive Boost With CSIRO Tests

Testing of Irvine Island bulk magnetite samples by the CSIRO has boosted the stocks of Pluton Resources (ASX: PLV) as it managed to produce high grade concentrates with low impurities through beneficiation.

The market liked the results from the potentially iron ore rich Irvine Island also, and Pluton shares rose by 6%.

PLuton Resources Information At – > ASX

The results were deemed highly encouraging from CSIRO trial beneficiation using composite bulk samples from Phase 1 drilling on Irvine Island. Testing of magnetite-rich ores was from the Yampi Iron Ore Project on Irvine Island, Western Australia. Pluton has a 50% interest and Cliffs Natural Resources (NYSE: CLF), a 50% interest company news image .

ASX code: PLV
Listing Date: 2006-12-15 00:00:00
Website: http://www.plutonresources.com
Industry: Materials

Principal Activities:
Mineral exploration focusing on copper, gold, silver in Tasmania and iron ore in Western Australia.

Address:
470 St Kilda Road, Ground Floor, c/- Accosec Consultants Pty Ltd,
MELBOURNE
VIC 3004

ABOUT PLUTON RESOURCES PDF FILE DOC FILE

Phone: (03) 9867 8283
Fax: (03) 9867 8587

Irvine Island is Pluton’s premier iron ore project located within the Kimberley Iron Ore Hub in Western Australia. Drilling on Irvine Island has identified a Irvine Island orebody Inferred Resource of 54Mt at 49% iron (including 25Mt at 55% iron), with Phase II drilling targeting up to 130Mt of iron ore. Managing Director Mr Tony Schoer said, “Tests indicate we can concentrate up to 37Mt of product from this 54Mt resource. This compares well to Cockatoo Island which has produced about 40Mt of product since mining began in the early 1950’s”. These islands are well located, with Cockatoo Island being the first mine in Australia to export iron ore. Tony Schoer, “There is direct access to deep water and no need for rail”. Mineralisation on Irvine Island remains open outside of the areas covered by Phase II drilling.

Welcome to the new Pluton Resources website.

Pluton has a small, but experienced team focusing on taking our Irvine Island iron ore project to d Tony evelopment. This project is located within the Kimberley iron ore hub and near to the Koolan and Cockatoo Island Mines. Ore from the hub is renowned for its quality and low impurities. Our drilling confirms commercial tonnage of iron ore on Irvine Island. The island adjoins deep water channels and is well placed close to Asian markets. We have no need for rail. We also enjoy a strong relationship with the native title owners, and together we plan to make the Irvine Island project a long-term operation that creates significant value for all stakeholders. You will find more information about Irvine Island and our other projects on this website! If you have any questions about our company then please feel free to contact me.