Progress made on two fronts as explorer advances its international operational base

摘要

One bargain junior stock which is bound to be seriously re-rated in the not-too-distant future is that of a Western Australian-based outfit that is looking to fund its iron ore interests in Peru partly with the help of the cash generated by an Indonesian energy play. Strike Resources Ltd has already completed a pre-feasibility study on its Peruvian Apurimac iron ore project, which focuses on the development of a 20 million tonne per annum mining operation with the concentrate being transported by slurry pipeline to the coast.