ASX ANNOUNCEMENT 12 FEBRUARY 2015 APOLLO ACQUIRES NICKEL PROJECT...

ASX ANNOUNCEMENT 12 FEBRUARY 2015 APOLLO ACQUIRES NICKEL PROJECT IN WORLD CLASS NICKEL PROVINCE, FRASER RANGE, WA HIGHLIGHTS
• Apollo has agreed to acquire a 70% interest in the Orpheus Base Metals JV Project in the world class Fraser Range minerals province in Western Australia • Apollo will enter into a Joint Venture (“JV”) Agreement with Enterprise Metals to explore for major nickel and base metal deposits in the project area
• The project covers >600km2 across four tenements in the most sought-after area of the Fraser Range exploration province
• The project is situated 30km along strike from Sirius Resources’ Nova nickel deposit in the main high density zone of the Albany-Fraser Orogenic Complex
• Previous exploration includes detailed soil geochemistry, electromagnetic (“EM”) surveys and a 12 hole, 3,800m drill programme which intersected nickel sulphides
• Multiple high priority targets have been identified and are drill ready
• Apollo is reviewing extensive data and planning its work programme to continue exploration across the highly desired and prospective Fraser Range tenements
• Drilling is expected after finalisation of the review and input from expert advisers • Share placement to raise $550,000 to fund acquisition and exploration Apollo Minerals Ltd (ASX: AON) (“Apollo” or “the Company”) is pleased to announce the acquisition of a 70% interest in the Orpheus Base Metals JV Project in the Fraser Range nickel province in south eastern Western Australia. The project area consists of four tenements covering 600km2 in the most prospective area of the world class Fraser Range exploration district, host to Sirius Resources’ (ASX: SIR) major Nova nickel (“Ni”)and copper (“Cu”) deposit. Under the terms of the agreement, Apollo will enter into the Orpheus Base Metals JV with Enterprise Metals Ltd (“Enterprise”). Apollo will acquire a 70% interest in the tenements from Enterprise, who will be free carried to completion of Bankable Feasibility Study (“BFS”). Upon completion of a BFS anddelineation of a mining area, the JV parties will contribute proportionally to the development of the Project towards mining. The Fraser Range province has attracted significant exploration since the discovery of Sirius’s worldclass Ni-Cu Nova deposit in 2012, at which mine construction has now commenced. The Orpheus Base Metals JV is strategically located with the primary tenement, E63/1281, situated along strike and midway between Sirius Resources’ Nova deposit to the north and its highly prospective Crux Prospect to the south (see Figure 1).