Rubicon Resources Limited

Wyloo Channel Iron Project

The Wyloo Project, comprised of Exploration Licence 08/2078, is located 30km northwest of the Paulsens Gold deposit and 200km south of Dampier in the western Pilbara district of Western Australia. Exploration is targeting Channel Iron Deposits (CIDs) located along the western margin of the Hamersley Province. Significant CID deposits such as at the Robe River Iron Associates Pannawonica operations, Bungaroo Creek and Cane River Valley indicate that these deposits trend along ancient drainage systems to the west of the Hamersley outcrops. Two potential buried drainages are located on E08/2078.