Apollo Minerals Limited (AON) is a base, precious metals & iron ore explorer. Apollo aims to enhance shareholder value by advancing projects through discovery, development & mining. Apollo follows an exploration strategy targeting highly prospective projects which have the potential to become world class projects.
Apollo’s focus is the development of the Commonwealth Hill IOCG Joint Venture project in the Gawler Craton. Apollo has entered a strategic alliance with High Power Exploration Inc (HPX) to explore for IOCG deposits. HPX will deploy its ‘state of the art’ technologies & expertise to explore for IOCG’s across Apollo’s 100% held areas (770km2). HPX will make an initial investment of $1m and may invest up to $2.4m in equity. Under the JV, HPX has the right to earn 80% by to $3.4m in two phases. AON retains the rights to Eaglehawk JV area and Aurora Tank JV area (AON earning 75%) & iron ore rights at the Sequoia Deposit.