Apollo acquires tenement

Apollo Minerals has purchased the Mt Oscar East tenement from Thundelarra for $225,000 in cash.

The company is viewing the acquisition as a prospective magnetite and haematite iron ore deposit.

Rock chip sampling has returned assays ranging from 31% to 46.84%.

Mt Oscar East is 10 km east Apollo’s existing Mt Oscar Project and 40 km south-east of Cape Lambert.

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