20 November 2002
Chinese metals group weighs up Heron project
Jinchuan Group may emerge as a backer of Heron Resources' North Kalgoorlie project with representatives of the Chinese metals conglomerate currently conducting due diligence on site. …
To download article see www.miningnews.net
23 August 2002
Heron Looks to Finance Nickel BFS
Heron Resources Ltd has entered into a Letter Agreement with Minerals Processing and Marketing Pty Ltd (MPM) and Atomaer Holdings Pty Ltd (Atomaer) to finance feasibility studies and project development for Heron's Goongarrie and Kalpini nickel laterite project, located north of Kalgoorlie.
According to Heron MD, Ian Buchorn, the project, should it proceed, will involve a substantial level of drilling, metallurgical pilot studies and flow-sheet design.
"All of which will contribute to the ultimate long term development of Goongarrie and Kalpini, whether as ore supply to established processing plants, or as greenfields stand-alone operations," Buchorn added.
Heron will be engaged to conduct all exploration, drilling, Resource Estimation, modelling, and mining for the Studies and operations of the project.
The Company has said previously that its stated strategy has been to process its various nickel laterite resources through ore supply to established plants, reflecting its policy of risk minimisation.
"Any involvement by Heron in a stand-alone nickel laterite operation will require the continued maintenance of Heron's risk minimisation, through conservative project funding strategies," Buchorn said.
"It is felt that the Company is justified in stepping back from its preferred ore supply model to enable an independent review of current stand-alone processing options to be completed," he added.
Heron last conducted such a review in mid 1999, prior to the three established WA nickel laterite stand-alone processing plants reaching their current levels of ramp up and stabilised operating costs.
To download article see www.minebox.com
7th March 2002
Update on Heron Resources Limited
With the Avoca Precious Metal prospectus now lodged and looking a treat, it is opportune to update Shareholders on the Heron Nickel Projects, which are looking as good as ever. The Avoca IPO has taken a lot of time and resources, but none-the-less, we have continued to progress the Goongarrie Nickel Laterite mining aims, and more recently, have activated the Nickel Sulphide search.
There has been strong recent interest directed to Heron for projects for new IPOs. We have taken this opportunity to negotiate additional nickel rights on various projects, in return for dealing in our gold rights. Having a robust multi-commodity project inventory such as Heron's seems to continually pay dividends.
A good many of our longer term strategic plans are heading towards fruitition, which as an explorationist, is most satisfying. The dominant short term objective is of course cashflow from Goongarrie.
Letter to the Shareholders (33k — 10–15 sec download)
