Warwick Resources is based in Perth, Western Australia and is actively engaged in exploring and developing mineral properties in that state.
The Company has agreed to acquire a portfolio of highly prospective exploration projects near Newman in the Pilbara region of Western Australia.
The Company is focused on developing five projects covering gold, base metals, uranium and chromite. Two of the projects have been subject to historical mining activities. SRK Consulting has reported that Warwick's project areas have the potential for very large, medium to low grade deposits with potential for the discovery of further mineralisation.
The Pilbara is host to world class iron ore mines and is now emerging as a significant base metals and gold province. The Pilbara region is host to the Telfer gold mine, the Nifty copper mine and other commercial base metal operations including Whim Creek (Straits Resources Limited), Radio Hill and Whundo (Fox Resources Limited) and the planned Sulphur Springs operation (CBH Resources Limited). The Company's projects are located next to BHP Billiton's Jimblebar iron ore mine and Consolidated Minerals' Coobina chromite mine. Warwick Resources intends to capitalise on developing its projects in this under explored and emerging geological region.
An active drilling campaign will be managed by the Company through its relationship with Peak Drilling who will provide the Company with access to drill rigs to conduct the exploration program.
Listed today at 21.5 cents.
Small amount of shares on issue: 23 million
$4.5 million raised in recent IPO