Harts Range Abrasives
detailsThe Olympia tenements at Harts Range in the Northern Territory contain one of the world's largest deposits of abrasives. Olympia has completed bankable feasibility study for the project and once financing has been secured, plans to start mining operations in 2008.
Keysbrook Mineral Sands
detailsOlympia has identified a reserve of 1.17 million tonnes of heavy minerals near Keysbrook in the southwest of Western Australia. Development of the project is well underway. A bankable feasibility study has been completed and the regulatory approval process has commenced. In November 2007 the Western Australian Environmental Protection Authority recommended approval for the project. Product off-take agreements are in place and land access agreements substantially complete. Olympia intends to start mining at Keysbrook in 2009.
Mineral Sands Exploration
detailsOlympia holds 1,285 sq km of exploration tenements in the southwest of Western Australia over which Olympia is carrying out ongoing exploration. In addition 474 sq km of exploration tenements are held in the Eucla Basin with exploration is being undertaken by Mineral Sands Limited under a joint venture farm-in agreement.
Kalimantan Zircon
Olympia Resources is carrying out exploration in Central Kalimantan where there is numerous occurrences of zircon sand generally associated with previous gold mining tailings. Local artisan miners are mining zircon and associated gold to produce a concentrate.
A feasibility study has been completed in relation to a zircon concentrate processing plant, with processing starting in 2008.
Uranium Exploration
Olympia’s Harts Range tenements in the Northern Territory have been identified as being highly prospective for uranium and explotaion of identified areas has commenced. A low level, slow flying helicopter survey has been completed over anomalous zones. The reconnaissance survey used a hand held gamma ray spectrometer (6 cu inch Nal sensor) combined with very low level inspections as necessary. Ground inspections, sampling and reconnaissance drilling are likely to follow.
Several other companies hold tenements for uranium exploration in the Harts Range area. These companies include Newera Uranium Ltd, Red Metal Ltd and Oklo Uranium Ltd.
