Pilbara iron ore explorer Apollo Minerals has requested a trading halt to be applied to Apollo Minerals Limited's shares before the market opens for trading.

The company has just completed its first drill hole on its Mt Oscar project and the indicated the drill hole results could be price sensitive and impact the company’s share price.

Apollo has a large iron ore deposit located close to existing port, rail, electricity and water infrastructure. Apollo's major focus is on Mt Oscar which is prospective for magnetite iron ore. It has been determined by geophysical interpretation that there may be an 800 million tonnes global target deposit which outcrops at surface and is open at depth.