acres of mineral rights
tons of iron ore for initial mine
Apollo Resources Corporation
Apollo Resources currently owns 56,290 acres of mineral rights for iron distributed in six projects, five of which are in exploration stage while its Iron Quadrangle Project (“IQP”) is being developed towards an iron mine.
Rio Piracicaba Project
Premier location next to Vale’s iron mine. Our drilling campaign was completed in Q2 2021: 7.85M tons of iron ore (mostly friable itabirite) available for initial mine. Our environmental licensing studies have started in Q2 2021 and ongoing.
Barão de Cocais
Apollo owns 100% of a mineral right located in the municipality of Barão de Cocais in the well-known iron mining district called “Iron Quadrangle” in the state of Minas Gerais in Brazil. Samples collected by Apollo’s team showed strong results, average grade of 62% iron in natura.
Apollo owns a mineral right located in the municipality of Itabira in the well-known iron mining district called “Iron Quadrangle” in the state of Minas Gerais in Brazil. Samples collected by Apollo’s team showed good results: average grade of 49% iron in natura, with a sample greater at 53%.
In this district, there is the largest iron ore project in the licensing phase of MG, showing the potential of large deposits, with hundreds of millions of tons. Although several iron ore deposits are known, there is no significant production in the region, being a new frontier for iron mining.
Mato Grosso do Sul
Apollo owns one mineral right located in the municipality of Corumbá in the well-known iron mining district in the state of Mato Grosso do Sul in Brazil.
Historical prospecting with records of 55% Fe2O3; some of our properties are next to areas purchased by mining fund Appian for US$40M through a local company.
Click location to view project on map
- Rio Piracicaba Project
- Barão de Cocais
- Minas Norte
- Mato Grosso do Sul