Apollo (ASX:AON) is a base, precious metals & iron ore explorer. Apollo aims to enhance shareholder value by advancing projects through discovery, development & mining. AON’s exploration strategy targets highly prospective projects with the potential to become world class projects. AON’s focus is the development of the three key IOCG Joint Ventures. The Commonwealth Hill IOCG Joint Venture project in the Gawler Craton is a joint venture between AON and 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 AON’s 100% held areas (770km2). HPX has made an initial equity investment in AON. Under the JV, HPX has the right to earn 80% by to $3.4m in two phases. AON also has the rights to the Eaglehawk JV area and Aurora Tank JV area (AON earning 75%) and iron ore rights at the Sequoia Deposit. AON also has a majority interest in the West African Kango North Iron Project.
ASX Code:AON Börse Berlin/Frankfurt Code: A0M5PT, Symbol: 4AP