The Constance Range Project

THE CONSTANCE RANGE PROJECT

THE CONSTANCE RANGE PROJECT

is 438Km2 located approximately 280 Km’s direct from the Port of Karumba.

CONSTANCE RANGE CONSISTS OF FIVE EXPLORATION PERMITS

EPM 26611, EPM 26911, EPM 27431 and most recently EPM 27524 and EPM 27542 which comprises a number of deposits which were first discovered by BHP in the 1950’s.

242Mt IRON ORE

which includes 11,380,000 tonnes @57.2% Fe within EPM 26611.

CONSTANCE IRON HAS INITIATED DISCUSSIONS WITH PORTS NORTH

and other external parties regarding accessing the transport, port and other infrastructure facilities believed to be underutilised.

CONSTANCE IRON HAS ENTERED INTO A MOU

with a Vietnamese offtake partner for 1.5Mtpa

CONSTANCE IRON IS BEGINNING EXPLORATION

to further define and significantly expand its current resource.

THE CONSTANCE RANGE PROJECT - EPM OVERVIEW

EPM26611

STERLING DEPOSIT

EX-BHP mineral resource estimate of 236Mt at 53.2% Fe, 10.3% SiO2 , 0.02% P, 1.6% A12O3 and 11.2% LOI at a 49% Fe cut-off. ‘Sterling’ also consists of 11Mt “DSO” @ 56.5% Iron.

CARRARA DEPOSIT

Has been identified as another potential high-grade target with further exploration required to estimate the size and value of the deposit.

CAMOOWEAL DEPOSIT

EX-BHP mineral resource of 6.1Mt, calcined iron grade 52.5% Fe.

EPM26911

EASTERN GIDYA DEPOSIT

Reported (BHP 1965) at this deposit is approx. 21Mt @ 42.2% Fe, 10% SiO2 .

WESTERN GIDYA DEPOSIT

Exploration Target at this deposit is approx. 10-15Mt at 50-55% Fe, 10% SiO₂.

EPM27431

KOCH AND BOWTHORN DEPOSITS

Awaiting further exploration/drilling in 2020/21.

ADDITIONAL TENEMENTS

The company has recently been granted additional permits covering

EPM 27524 and EPM 27542.

THE CONSTANCE RANGE OPERATIONS

THE MANAGEMENT TEAM
HAVE RECENTLY SECURED

additional surrounding exploration
licenses and their associated deposits.

CONSTANCE IRON LIMITED HAS
BEGUN EXPLORATION

with a view to conduct an “in-fill” drilling program in order to finalise a 2012 JORC resource at the Constance Range.

CONSTANCE IRON LTD ENGAGED SLR

to perform environmental studies and
reports and secured QLD government
approval for exploration and drilling
programs at EPM 26611.

THE EMP 26611 EXPLORATION PROGRAM

consists of 20 holes for a total program of 1400m with a focus on the Sterling deposit.

CONSTANCE IRON HAS PROPOSED
AN AIRBORNE GEOPHYSICS

and drilling program at EPM 26911 and EPM
27431 in 2021.

DRY SEASON ECOLOGY STUDIES
AND SAMPLING WERE COMPLETED

in July 2020 as a part of Constance Iron’s
Environmental Impact Assessment (EIA)
requirement to obtain QLD Government
project approvals.