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.

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 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 development. 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.

PLUTON RESOURCES LIMITED (PLV)

Thu, 24 Sep 2009
12:00PM
Irvine Island Iron Ore Resource Increase – Tony Shoer, Managing Director

PLUTON RESOURCES LIMITED (PLV)

Latest Drilling From Pluton

Wed, 11 Feb 2009
11:15AM
PLV – Irvine Island Drilling Results – My Tony Schoer, MD

PLUTON RESOURCES LIMITED announcements

How are company announcements published on www.asx.com.au?

Date
Price
sens.
Headline
Pages
PDF

14/10/2009
Pluton investor presentation
25
PDF

12/10/2009
Capital raising update
1
PDF

07/10/2009
Change of Director`s Interest Notice
2
PDF

30/09/2009

New Data Confirms Irvine Potential
3
PDF

29/09/2009

Capital Raising Update
2
PDF

24/09/2009
BRR Interview
1
PDF

23/09/2009

Irvine Resource Increases By 315%
3
PDF

18/09/2009
Proxy Form
3
PDF

18/09/2009
Notice of Annual General Meeting
10
PDF

09/09/2009
Annual Report to shareholders
54
PDF

> search for past company announcements

We all celebrated when copper rose above $US2 a pound but now it is 20% higher. Oil has almost doubled from its lows, and so on. Remember, it was only last March when the ASX 200 almost touched 3100 – a fall of more than 50% on the peak of November 2007. Now it is trading more than 30% above that low.

Todays update  for the share market

The Australian share market rose more than 1 per cent today, driven by a strong performance of the resources and financial sectors.

At the close, the S&P/ASX 200 was 45.9 points higher, or 1.1 per cent, at 4309.3, while the broader All Ordinaries rose 43.4 points, or 1 per cent, to 4313.9.

Among the sectors, materials jumped 2 per cent, financial stocks rose 1.7 per cent and energy gained 0.7 per cent.

Stockbrokers are now contacting their clients suggesting stocks to buy, and real estate agents are over the moon. Australian companies have raised about $90 billion over the past year or about 15% of the world total. Our leading companies are in good shape.

What the market is telling us is that we are headed for a “V” shaped recovery, which will be rapid and that the doomsayers are simply wrong.

- Asian stocks climb to 11-month high
- The dollar rose above 84 US cents on robust data
- Oil hovers above $US71 on demand optimism
- Gold holds above $US955 but appetite wanes
- Dow futures are 32 points lower at 9216.

The severity of the fall in job advertisements means the Federal Government’s forecast of a 5 per cent unemployment rate by June by “too optimistic”.

ANZ expects the Government to revise unemployment predictions higher in the May Budget, and tips a jobless rate of 6 per cent this year.

more…