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YRR listed on the ASX on 21st February 2007.
The company's assets include a JORC code resource of Ferro Vanadium at Gabanintha Western Australia and a JORC code Uranium at Nowthanna Western Australia as well as mining tenements located in the Northern Territory that are highly prospective for uranium.
World Class Vanadium resource - Assays from drilling campaigns carried out in July 2007 and March 2008 at Yellow Rock Resources Gabanintha Vanadium project have identified a world class deposit of approximately 125mt of Vanadiferous material in a Magnetite host (Magnetite, Titanium and Vanadium).
Drilling programmes carried out in 2010 identified a new, hanging wall ore zone between the surface and the massive high grade resource. The hanging wall zone ore zone increases the total tonnage of the deposit and reduces the overburden with the potential to reduce the mining costs for saleable ore closer to the surface. The Gabanitha Vanadium project is still open at depth and it's size could be increased with further exploration.
Further knowledge and potential expansion of the resource is expected to be developed from the exploration programs carried out in 2011 using Hellitem electromagnetic equipment and an extensive soil chemistry program. The work of interpreting the results of these programs has been commissioned and is expected to be available in the first quarter of 2012.
Read more about the Gabanintha project on the Projects page.
Mission and Objectives
The Company's mission is to increase shareholder wealth through capital growth and dividends by the discovery of economic mineral deposits and the development of profitable mining operations. The Company's initial objective is to explore and further evaluate their existing mining tenements. The Company may also evaluate other prospective mining projects that would have the potential to contribute to the Company's future growth.
Opportunities to acquire other mineral projects complementary to the Company's present tenement portfolio may be pursued.
Full details of the Company's exploration portfolio are detailed in the Independent Geologist's Report included in Section 8 of the Prospectus.