Creating value through systematic exploration
Peel Exploration Ltd (Peelex) is focused on precious, base and specialty metals exploration predominantly in the New England region of New South Wales, Australia. Peel is listed on the Australian Securities Exchange (ASX:PEX).
Peel seeks to build shareholder value through its strategy of "exploring forgotten mineral fields".Since listing in May 2007, Peel has been fortunate in being able to identify and acquire several valuable mineral projects in New South Wales, close to excellent infrastructure.
Standing out amongst these are the Attunga Tungsten Deposit (Attunga) and the Kensington gold-tungsten prospect (Kensington). In April 2008, Peel reported an independently estimated, JORC-compliant inferred resource of 1.29 Mt grading 0.61% WO3 and 0.05% Mo for 9,400t WO3 equivalent at the Attunga Tungsten Deposit.
Drilling by Peel in mid-2008 revealed extraordinary tungsten-molybdenum mineralisation grading up to 24% WO3. Mineralisation at Attunga is outcropping at surface, extends to a depth of at least 200m, remains open and includes multiple high-grade zones.
(Image: Peel Exploration project geologist Michael Oates at Attunga Tungsten Deposit outcrop.)