Project Information
Maosen’s Giffen Well Project is located on the Bulgunnia Pastoral Lease in central South Australia, approximately 720 km northwest of Adelaide, 190 km southeast of Coober Pedy, and 50 km north of the town of Tarcoola in an isolated section of the Gawler Craton region of South Australia. The Project is accessible year-round from the Stuart Highway and a 50 km section of well-formed gravel road. The Project lies 25 km west of the Central Australian railway line, which connects Adelaide to Darwin.
According to SRK’s JORC Code report (2021), at a cut-off grade of 15% DTR, as of 31 March 2021, the Giffen Well deposit was estimated to contain 252.20 Mt of Indicated Resources at average grades of 41.92% DTR and 69.21% concentrate iron; and 264.59 Mt of Inferred Resources at average grades of 40.41% DTR and 69.23% concentrate iron.
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