Barrytown Mineral Sands Project, New Zealand

The Barrytown Mineral Sands deposit is located on the South Island of New Zealand, 28 kms north of the port of Greymouth. The exploration licence area comprises a coastal lowland strip up to 1.5 km wide within a coastal embayment that stretches over 17 km.

A review of historical exploration and mining feasibility data has developed an exploration target of 80 to 100 million tonnes at a grade of 11 to 13% ilmenite (4% ilmenite lower cut-off). The exploration target mineralisation tonnage and grade is conceptual in nature and based upon historic records as well as geological interpretations. At this stage there has been insufficient exploration to quantify a definitive JORC compliant Mineral Resource.

The Barrytown Project is not considered a core project and Alloy is continuing to seek expressions of interest for a joint venture partner to move the project forward.

More information:

For more information please refer to:

• ASX Release dated 15th December 2009