WPG Resources is an Australian ASX listed mineral resources company with advanced iron ore and coal exploration projects located in South Australia. The ASX code is WPG.

WPG's iron ore deposits comprise direct shipping ore (DSO) deposits, magnetite deposits and a new style of mineralisation, beneficiable feed ore (BFO) deposits.

The Company’s iron ore deposits lie in the Peculiar Knob and Hawks Nest tenements in the Gawler Craton south of Coober Pedy. The Company has completed Bankable Feasibility Studies for the development of both the Peculiar Knob and Buzzard DSO deposits. Initial project development will be directed towards the Peculiar Knob DSO haematite deposit with a resource of 19.2 million tonnes @ 64.0% Fe that the Company intends to bring into production in 2011 at a rate of 3.3 Mt per year for an approximate five year mine life.
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WPG Resources (ASX:WPG)
Company Directors
Mr Dennis Mutton (Non Exec. Director)
Mr Gary Jones (Director)
Mr Greg Harding (CFO)
Mr Heath Roberts (Executive Director)
Mr Len Dean (Non Exec. Director)
Mr Lim Yong (Non Exec. Director)
Mr Martin Jacosen (Chief Op. Officer)
Mr Robert Duffin (Executive Chairman)
Mr Robert Richardson (Non Exex. Director)
Contact Information
Phone: (02) 9251 1044
Website:

Address
Level 9, Kyle House, 27-31 Macquarie Place, NSW, Australia, 2000
Media Releases
Joint venture with Evergreen Energy to produce K-Fuel in Australia
10 Jun,2011 03:58 PM

WPG Resources Limited (ASX:WPG) and Evergreen Energy Inc (NYSE Arca:EEE) have now signed the agreements that set up the joint venture between them to develop and produce K-Fuel®, Evergreen’s coal upgrading technology, throughout Australia. This agreement was foreshadowed in the memorandum of understanding announced by WPG on 3 February 2011.

WPG’s subsidiary, Southern Coal Holdings Pty Ltd (SCH), will be used as the joint venture vehicle. SCH holds all of WPG’s coal assets in South Australia. Under the terms of the agreements, SCH will hold the exclusive licence for the first 15 million tonnes per annum of K-Fuel® produced anywhere in Australia, not just from SCH’s current tenement portfolio, and will have the first right of refusal to participate in production of K-Fuel® in excess of 15 mtpa, on terms to be negotiated in good faith at the time. On completion, 50% of SCH’s shares will be held by WPG, and 50% by Evergreen.


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