WPG Resources

WPG Resources Ltd (WPG, formerly Western Plains Resources Ltd) is a mineral resources company focusing on exploration, evaluation and development of gold and coal projects in South Australia. The company was listed on the Australian Stock Exchange on August 23, 2005.[1] In 2011, the company sold iron ore assets to Arrium (previously OneSteel) for approximately $346 million AUD.[2] The assets included the Peculiar Knob iron deposit, located in the Woomera Protected Area.[3]

Port Pirie iron ore export proposal

The company purchased land and proposed to construct an enclosed iron ore stockpiling and associated loading facilities at Port Pirie on the eastern shore of Spencer Gulf, South Australia. The loading method proposed was transshipment by barge to waiting Cape or Panamax vessels.[4] In November 2014, the company announced that it would sell their land at Port Pirie to help fund its gold development projects.[5]

Diversification

In 2014, Tunkillia and Tarcoola gold projects were acquired by WPG Resources,[5] marking the completion of the company's evolution from an iron ore explorer to a diversified exploration and emerging mining company. As of 2015, WPG has a portfolio of exploration projects in South Australia covering a combined area of 5,373 square kilometres, including its advanced gold projects. Targeted commodities include gold, nickel, base metals, iron ore and coal.

References

  1. ↑ Australian Stock Exchange "Company Snapshot - WPG Resources Ltd" Retrieved 2013-11-24.
  2. ↑ Proactive Investors Australia "WPG Resources sells iron ore assets to Onesteel for 346 million AUD" (2011-08-22) Retrieved 2013-11-25.
  3. ↑ NineMSN "OneSteel buy Peculiar Knob iron assets" (2011-08-22) Retrieved 2013-11-24.
  4. ↑ Australian Bulk Handling Review "WPG Resources sees extra role for $50 million Port Pirie facility" (2010-11-10) Retrieved 2013-11-24.
  5. 1 2 "WPG Resources moves to 100% ownership of Tunkillia gold project". Proactive Investors. 2014-11-26. Retrieved 2015-03-05.
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