Geology of the Cashmere Downs

• The Cashmere Downs Iron Project covers most of the northern portion of the Mt Elvire-Cashmere greenstone belt for a north-south strike of nearly 40 km.
• The greenstone component of the belt comprises a dominantly mafic sequence with an ultramafic component. Banded Iron Formation (BIF) is abundant with lesser sediments and felsic lithologies.
• Ridge forming magnetite-bearing meta-BIF is present throughout the tenements.
• The magnetite deposits and oxidised iron caps are related to major structural features-the northern syncline and southern fold structures.
• A magnetite enriched “core” usually forms the backbone of the ridges.
• The deposit are considered favourable for low cost open pit mining, which initially involves stripping of the iron rich ridges.
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