AON - Apollo Minerals - Aussie Stock Forums

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  1. #1

    Post AON - Apollo Minerals

    AON, DYOR, been watching this over the last few days it has been flying under the rader. Has had recent string of excellent ANN. and has an excellent chart and exclusive interest up 30 odd % today and has positive trend. DYOR but will be interesting to watch it climb.

    Apollo to acquire 80% stake in new West Australian iron ore project
    Key points:
    • Apollo Minerals enters option agreement to acquire 80% interest in a recently
    discovered iron ore project in the Pilbara region of Western Australia.
    • Initial results at Mt Oscar Iron Ore Project (being adjoining E47/1217 held by
    Fox Resources Limited) show up to 46% iron (Fe) at surface
    • The Apollo Iron Project Area (being ELA 47/1378 and ELA 47/1379) lies 25km
    south of Cape Lambert magnetite project presently being developed by Cape
    Lambert Iron Ore Limited (Current resource of 977 million tonnes @ 32.4% Fe)
    and is adjacent to Fox Resources Limited’s recent iron ore discovery, the Mt
    Oscar Iron Ore Project .
    • The Mount Oscar Iron Ore Project straddles both the Apollo Iron Project Area
    and Fox Resources tenement
    • Significant historical iron ore results contained on Apollo Iron Project Area

  2. #2

    Smile Re: AON-Apollo minerals

    AON, checked it out and the chart does look fantastic, it has been under the radar, it has huge potential and its trending up and up, good pick, I think it will have good boom potential with its volumes.

  3. #3

    Thumbs up Re: AON-Apollo minerals

    Have done some more research as i like to be very well infromed. Iron ore targeted as key commodity, market analysts expect 25% to 50% price increase in 2008, as far as AON goes, from what i have seen today it is very tightly held, it has good buyer volumes and from the charts looks excellent.

  4. #4

    Default Re: AON - Apollo Minerals

    Equity Research - Australian Stock Report from www.buyselltips.com on 6th of December
    Price Trend: The price decreased 1.4% in the last week.
    Relativities: Since open its percentile rank in the Australian market was 30.2. In the Australian market of 2122 stocks the stock has a 6-month relative strength of 50.5 indicating it has outperformed 50.5% of the market.
    In the last three months the number of falls outnumbered rises 10:9 or 1.1:1.

    Trailing One Week: the stock fell twice (40%), rose twice (40%) and was unchanged once (20%). The volume was 0.1 times average trading of 3,548,662 shares. The value of $1,000 invested a week ago is $971, for a capital loss of $29. A predominant number of trades (or 50.5% by value) were at bid price, suggesting a buyer's market.

    Trailing One Month: the stock fell nine times (40.91%), rose eight times (36.36%) and was unchanged five times (22.73%). The volume was 0.9 times average trading of 15,614,114 shares. The value of $1,000 invested a month ago is $1,308, for a capital gain of $308.A predominant number of trades (or 53.1% by value) were at bid price, suggesting a buyer's market.
    Since Listing: the value of $1,000 invested on the listing date of October 30, 2007 at issue price of 25c is $1,360, for a capital gain of $360. The total return to shareholders since listing is 36%.

    Today it dropped 7.81 % again to 0.295, without any negative news.

  5. #5

    Default Re: AON - Apollo Minerals

    Apollo Minerals finds Chinese investor

    Newly listed diversified Australian resources company Apollo Minerals Limited (AON) has signed a memorandum of understanding with a Chinese Iron and Steel Group for the sale of iron ore from its recently acquired iron ore project. Apollo said the Chinese iron and steel group would immediately acquire 4% of the company for $1 million, a 36% premium to the IPO price in October 2007. In November Apollo signed an option agreement for the acquisition of an 80% interest in exploration licence applications 47/1378 and 47/1379.

    The company said the two tenement applications cover a significant portion of the newly discovered Mt Oscar Iron Ore Project, located in the Pilbara region of Western Australia.

    Chairman Sevag Chalabian said the Mount Oscar Iron Ore Project offered exciting opportunities for the company.

    "To have attracted such a committed Chinese partner so soon after listing is something that will provide us with significant strength and impetus as we move forward with this project's development," he said.

    Under the terms of the transaction the Chinese iron and steel group has the option to subscribe for up to $3.3 million in Apollo shares at 34c per share and take an interest over 15% in Apollo subject to relevant approvals.

    Apollo said it would continue to review other opportunities in the iron ore sector and the signing of the MOU with a strategic Chinese partner provided a significant boost to the company in its iron ore acquisition strategy.

    "Within these tenements a number of areas with hematite and magnetite targets have been identified which could represent a significant iron ore resource."

    Apollo said it is currently conducting due diligence on the tenements and subject to the successful completion of this due diligence, the company expects to acquire the tenements and commence an aggressive exploration program by March 2008.

    In their ASX release they indicated:
    Apollo will continue to review other opportunities in the iron ore sector and the signing of the MoU with a strategic Chinese partner provides a significant boost to Apollo in its iron ore acquisition strategy and intention of becoming a significant iron ore company.

  6. #6
    bowman's Avatar
    Join Date
    Jun 2007
    Far North Coast NSW

    Default Re: AON - Apollo Minerals

    Might be time to revisit AON for a trade.

    A bit of volume in the trading this week with a breakout attempt, and an announcement yesterday about a China roadshow.


  7. #7
    bowman's Avatar
    Join Date
    Jun 2007
    Far North Coast NSW

    Default Re: AON - Apollo Minerals

    Consolidation around the 200 day SMA. There's potential for a break up here, although I have concerns about negative leads from the US this week.

    Perhaps some fundamental research would help to determine whether these guys are just wannabees, or that they have genuine prospects with Chinese investors.

    I'm holding a small position and hoping for the latter.
    Attached Images

  8. #8

    Default Re: AON - Apollo Minerals

    Fe jnr about to commence first drilling

    shares 109,857,608
    options 31,875,000
    total 141,732,608

    sp .195
    MC $27.637M

    cash at end of 4th qtr $2.677M
    july options exercised 6,742,316 @ .25, for $1.685M
    total cash $4.362M
    (est cash outflow this qtr $507K [+ $225K if tenement purchased, $732K])

    EV $23.275M


    Mt Oscar Project WA (100%) EL47/1379

    Following a high resolution magnetic survey, a global exploration target of 800Mt (includes FXR's Mt Oscar tenement directly N), grading 35-39% Fe, from surface to 250m of magnetite, approx 40% of global exploration target is on AON's tenement, however the highest magnetic anomalies are on AON's tenement

    Described as suitable for open pit, BIF up to 100m thick, low stripping ratio, outcropping at surface, rock chip sampling up to 55.82%Fe

    There is the potential for hematite/geothite overlaying the magnetite

    Mt Oscar is situated 15km from sealed roads, power and water supply, 20km from gas pipeline and 30km from Cape Lambert Port

    In June, AON undertook a roadshow to China, seeking a major Chinese operator as a partner for Mt Oscar, and currently are in advanced discussions with five parties considering MOU terms, with three parties having visited Mt Oscar

    AON signed a non-binding mou with Sinom at the end of July, to advise on the selection of the strategic partner for exploration and development and the sale and marketing of Fe

    A 5 hole, 1,750m drilling program will begin this month targetting what is considered the most prospective areas for initial drill testing for thick magnetite units to test the widths and grades of the BIF's, with a jorc resource expected early 2010

    In July, AON conditionally agreed to purchase E47/1304, Mt Oscar East (approx 10km E of Mt Oscar), from THX, for $225K, pending AON's existing nta covering E47/1304 - considered to be prospective for magnetite with potential for secondary hematite mineralisation (main shallow BIF occurrence, inferred from airborne magnetics, has a 4.5km strike length)

    AON also has a tenement (E47/1378) directly N of FXR's Mt Oscar tenement

    Commonwealth Hill SA (currently 100%, Fe jv with WPG [farm-in], WPG 51% with expenditure of $750K, 75% with total expenditure of $1.5M) EL3678, EL3728, EL3765, EL3780, EL3821

    Commonwealth Hill comprises 5 tenements covering 1,427 sq km, approx 50km SW of the Wirrida Siding on the Central Australian Railway line (where WPG intends to construct a rail loading facility for their 100% DSO operations) - the rail line runs through on of the 5 tenements

    Ground magnetic surveying completed in March/April on EL3821 (Wirrida) and EL3765 (Ibis) indicate a magnetite rich 7-8km strike length on the western side of the Wirrida anomaly, as well as a broad shallow anomaly, encouraging from a DSO exploration perspective, as well as substantial quantities of magnetite rich BIF and potential hematite across two parts of the Ibis anomaly

    Further ground magnetic and gravity surveys are planned for the Sequoia, Sequoia East, and St Andrews prospects (EL3765) this month

    Commonwwealth Hill tenements are also prospective for Au and U308



    another quality post brought to you by happytown inc
    four bananas make a bunch and so do many more

  9. #9
    Make the drill work for YOU springhill's Avatar
    Join Date
    Jun 2007
    Mental Institution

    Default Re: AON - Apollo Minerals

    Apollo reports major increase in Exploration Target at Commonwealth Hill

     Commonwealth Hill Iron Project (CHIP) Exploration Target1 expanded to 300 – 550 mt at 25 – 35% Fe
     Includes initial Exploration Target at Ibis Prospect estimate of 200 – 400 mt at 25 – 35% Fe
     Ibis shows potential for significant tonnages of > 40% Fe mineralisation
     Ibis shows potential for iron associated gold and copper
     Initial Ibis drilling programme being planned for Q4 2012
    "You have enemies? Good. That means that you've stood up for something, sometime in your life" - Winston Churchill

  10. #10

    Thumbs up AON Media Coverage: a game changer

    Apollo Minerals to split into iron ore and base metals companies

    by:Cameron England
    From: The Advertiser
    March 19, 2013 12:52pm

    APOLLO Minerals has struck a $10 million deal to split its iron ore assets into a new listed company.

    Indian company Jindal Steel and Power has agreed to a non-binding deal to invest $10 million in a new company currently called NewCo.

    NewCo will take on the iron assets of Apollo, while Apollo will retain its base and precious metals portfolio.

    Apollo currently has an iron ore deposit at Commonwealth Hill in central South Australia, a prospect in the Pilbara region in Western Australia and a 70 per cent interest in a west African project.

    In South Australia it is also looking for Olympic Dam-style mineralisation at its Titan prospect west of the Prominent Hill copper and gold mine.

    Apollo shareholders will receive shares in the new company on a pro-rata basis and will own 49 per cent of it once it is listed.

    Apollo said it also expected to conduct an initial public offer to raise more capital for the new entity.

    "Formal documentation and binding agreements are expected to be signed over the next two months," Apollo said in a statement.

    Non-executive chairman Tony Ho said it was a "transformational event for Apollo".

    "The separation of our iron ore and base-precious metals assets is an important part of this process," he said.

    "Apollo has achieved a great deal since getting access to our Commonwealth Hill Iron and Titan base-precious metals projects' site a little over one year ago.

    "We are pleased to have a major partner of the calibre of Jindal Steel and Power involved in our iron ore projects and we believe we now have the key ingredients required to take Apollo's iron ore projects from exploration to production in the shortest possible time." Apollo shares were 13.3 per cent higher at 6.8c in midday trade.


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