Iron Black - IOA Iron Project | Xplora Minerals

Iron Black

World-Class IOA Iron Project

Barreal Seco District - Chile

Features estimated inferred resources exceeding 360 M Ton Fe located in the Barreal Seco district.

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1,200 Hectares
2M USD Investment
3,000 drilling meters
12 years history

Project History

Evolution of the Iron Black project over the years

2013
Start of exploitation of the San Gabriel project with focus on high-grade iron minerals
2014
Operation of the Vetarrón project, expanding iron operations in the region
2020
Xplora Minerals, Iron Black project is officially born
2022
Consolidation of geophysical studies and definition of priority exploration targets, from which Copper Phoenix I & II projects are born
2023
First diamond drilling campaign is conducted with iron intercepts exceeding 50% Fe
2024
Estimates are made with old and new drilling, which exceed 360M inferred resources
2025
Geophysical studies are conducted in the south, which increases potential given the extension of the magnetic anomaly and structural geology studies are also conducted to define new drilling targets

Strategic Location

Privileged location in the mining district

  • Region: Antofagasta
  • Commune: Taltal
  • Coordinates: N 7,129,500 / E 390,000
  • Altitude: 1,030 m.a.s.l
  • Access: Route 5 North (120 km)

Strategic Advantages

Proximity to consolidated mining infrastructure with active operations in the region
Direct access via Route 5 North, the country's main logistics corridor to ports
Nearby Ports: Puerto Barquito 122 km and Puerto Caldera 211 km
Antofagasta Region world leader in copper production with available technical expertise
Arid desert climate ideal for mining operations with minimal weather interruptions
Less than 100 km from supply cities: Taltal, Chañaral, Diego de Almagro
Location Map
Location Map
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Geophysical Studies Conducted

Advanced exploration technology

MVI Magnetometry
1,200 hectares covered
3D IP/Resistivity
300 hectares detail
Geology
Field and modeling with potential to the south
Integration
Validated and to be validated targets
Iron Black 3D Model
Iron Black 3D Model
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Modelo Geofísico Iron Black 2
Modelo Geofísico Iron Black 2
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Project Information

Economic potential of the Iron Black district

Iron Black

IOA Type Iron Oxides
Inferred Resources >360 M Ton Fe
Total Area 1,200 ha
Drilling Completed 3,000 m
Intercepts >50% Fe
Investment Made
USD 2M

Phase 1: Exploration

Defined exploration program

  • Drilling: 5,000m
  • Area: 1,200 ha
  • Duration: 5 months
  • Investment: USD 2.6M
Objective

Drill hot zones to increase Iron Black estimation and potential. Depending on the result, define new grid for a second phase in order to begin measured and indicated resource estimates to produce the NI 43-101 report and establish technical-economic viability of the project. Confirm extension of mineralized structures towards the south of the Iron Black pit.

Nearby Operations

Regional mining context

Iron

  • San Gabriel 2.5 km
  • Mariela 20 km
  • Fresia 60 km
  • Carmen 80 km

Copper

  • Barreal Seco 7 km
  • Pelusa 19 km
  • Franke 28 km
  • Altamira 28 km
  • Aguilucho 30 km

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Iron Black - IOA

Barreal Seco District - Chile

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