Aust-Sino's key corporate aim is to build value for shareholders through the strategic exploration and development of its 568 sq km of potentially high grade mineralised tenements in the Mid West.
The company has made significant inroads to this end, with the announcement in April 2022 of an updated JORC compliant magnetite resource at its flagship Telecom Hill project. This project has a JORC 2012 complaint resource of 954 Mt @ 27.5% Fe including 192 Mt @ 30.0% Fe in the Indicated category.
This project is also highly prospective for Direct Shipping Ore, with a maiden JORC 2012 compliant resource of 32.8 Mt @ 56.5% Fe.
Aust-Sino's subsidary Havelock Resources Pty Ltd holds 595,555,556 shares (6.30%) in Sundance Resources Ltd.
Strategic Growth
Aust-Sino's Corporate Strategy incorporates a growth plan through development of its key iron ore asset, the Peak Hill Iron Project, as well as strategic joint venture, farm-in or acquisition of other relevant companies/tenements that can add value to the company.
With a range of iron ore projects in various stages of production, from junior exploration to producing mines, as well as other significant mineral resource deposits, the Mid West is shaping up to be Australia's next major mineral commodities export region.
Achieving this goal is dependent on the development of deep water port and rail facilities, which will ensure the region's prospective mines are not left stranded without the means of transporting product to market.
The Western Australian Government has recognised this with its support of the development of the Oakajee Port and rail infrastructure, a commitment strongly endorsed by AustSino. Along with the region's major producers and developers, such as Sinosteel Midwest Corporation, Gindalbie and Murchison Metals, AustSino will require the port and rail infrastructure to export its products.
Primary Activity
Mining Company
Uranium, Gold