Quarterly Activities Report
Padbury has engaged the services of a contract geologist to undertake further mapping and sampling within its tenements with a view to identifying further drill targets and specifically to prepare the necessary program of works applications emanating from the target identification work. The geologist is currently on site. The potential for the identification of additional resources in the Telecom Hill area is high and mapping/sample extraction is the first stage of the identification process.
During the quarter Padbury has also completed an extensive business plan which provides the blueprint for its future activities.
PADBURY CONTINUES ITS COMMITMENT TO OAKAJEE
The development of a port at Oakajee and its associated rail network is the key to the development of an operating mine for Padbury and other potential miners in the region. As a consequence, Padbury has continued to work diligently with a number of potential mining companies in the region to bring this project to fruition for the benefit of those companies and the Midwest region. OP&R's decision to quit the project has brought some clarity to the project and has enabled Padbury to push the development harder.
Padbury has signed further non-disclosure agreements with potential investors.
PARTICIPATION IN THE ASIAN MINING CONFERENCE BEIJING
During the quarter, Padbury participated in the 7th Asian Mining Congress in Beijing as a presenter, in the two-day exhibition.
In addition to the conference participation, executives of the Company met with numerous parties including potential investors in Beijing.
About Padbury Mining Limited
Padbury Mining Limited (ASX:PDY) is a Perth-based, ASX-listed mineral exploration company focused on the development of its significant iron ore assets in Western Australia's Mid West region.
The company's flagship Peak Hill Iron Joint Venture is a highly prospective magnetite and hematite iron ore project located at Robison Range, about 450km north east of Geraldton.
The Company has a solid program of work planned to develop the Peak Hill project over the next three years, with production targeted for 2015-2016.
Padbury Mining Limited