Our Objectives

Striving to realise the best value for shareholders

Company
Our objectives

Focussed Bekisopa Work Programme

Following the successful fund raising for Indian Pacific Resources (IPR)  in North America in late June 2019 an extensive and immediate program of work is planned to;

  • Upgrade all relevant geological knowledge via ground work and an airborne survey across the Bekisopa main tenement area
  • Use this refined geological information to undertake a diamond and RC drilling program at Bekisopa to
  • Define an indicative resource at Bekisopa of some 100m tonnes of iron ore, that complies with NI 43101 and the Australian JORC codes.

On achieving the above the company is then well placed to look at how to;

  • Further progress the defining and increasing of a more extensive resource at Bekisopa beyond 200m tonnes of iron ore and
  • Develop plans on how best to develop the Bekisopa project by completing an initial pre-feasibility study covering geology, mining, processing and logistics to the port.

Confirm indications for the potential of a small scale DSO operation at Bekisopa, to assist cash flow while looking to undertake a more extensive Bekisopa drilling program to expand the iron ore resources beyond several hundred million tonnes.

As the knowledge and resource base increases at Bekisopa with its high grade DSO potential, the IPR Board will evaluate options to realise the best value for shareholders.

As information from the work program evolves we will promptly update shareholders and the market, particularly the Bekisopa drill hole analysis.