Highlights
1. Apollo secures access to explore and evaluate its Commonwealth Hill Iron, and Titan Base and Precious Metals Projects in South Australia
2. One of the first companies to receive approvals since Hawke Review into mining in the Woomera Defence Area
3. Aboriginal heritage clearance survey complete
4. Direct Shipping Ore (DSO) style mineralisation evaluation and mobilization for the Sequoia maiden JORC drilling program to commence during December quarter
5. IOCG target at Titan Base & Precious Metals Project to be examined

Apollo announce that it has entered into a Deed of Access with the Australian Department of Defense allowing Apollo to explore the full extents of its Commonwealth Hill property located within the Woomera Defense Area in South Australia.

Apollo is one of the first exploration companies to be granted access for mineral exploration since the Commonwealth Government announced plans to adopt the recommendations of the Hawke Review which were published in May 2011. The key recommendation of this review was that a co-working arrangement be implemented between Defense and the natural resources industry in which both industries can operate within the WDA.

Mr Dominic Tisdell COO of Apollo said “This is a very important milestone for Apollo and allows us to begin field activities in what is rapidly shaping up as Australia new iron ore mining frontier. Apollo has been very pleased with the co-operative approach of all parties involved in the implementation of the new access framework and looks forward to contributing to the successful development of this important defense and mineral province. These recent changes to the WPA access regime give Apollo and many other mining and exploration companies, the surety they need to invest in these high potential projects for the good of their shareholders and ultimately, the good of the State.”

The Company DoA allows Apollo to enter and work within the WDA, subject to notification of timing for access, people entering and of equipment to be used. It is expected that the agreed DoA will convert into a new deed within six months, after the new WDA access framework has been agreed between the key stakeholders and fully implemented.

Apollo has already begun work on developing its iron ore, base and precious metals projects on the property with the first aboriginal heritage clearance survey now also complete. Results from the survey were another positive step for exploration and development and the Company looks forward to continuing to build a strong relationship with the Antakarinja Matu-Yankunytjatjara, Traditional Owners of the land. This survey has been possible thanks to the fact that the movements and activities of the Traditional Owners are exempt from any restrictions imposed on corporations looking to work within the WDA.

Apollo expects to soon begin mobilization for its maiden JORC drilling program at Sequoia and the next phase of geophysics including evaluation of the St Andrews Direct Shipping Ore style mineralization prospect where previously drilling encountered 24 meters at 57% Fe including very high grade iron of 70% Fe over 4m. Mine permitting related environmental baseline studies are also expected to commence during the December quarter.

Apollo has recently outlined a clear plan to fast-track its Commonwealth Hill Iron Project towards production. The goals of the 2012 exploration and development program at Commonwealth Hill are to:
1. Define a maiden JORC compliant resource on the coarse-grained, near-surface magnetite of the Sequoia prospect
2. Determine the strike potential of the St Andrews Direct Shipping Ore prospect where previous drilling has intersected 24m @ 57% Fe and further develop the mineralization model
3. Evaluate the base and precious metals potential of the Sequoia and St Andrews prospects
4. Explain the value proposition of developing the Sequoia prospect as part of larger iron ore developments on these properties
5. Identify the next round of iron ore drill targets
6. Pursue agreements for necessary infrastructure access including port and rail services, and
7. Ensure that the Commonwealth Hill iron project can continue to be fast-tracked to production by beginning critical path environmental studies and mine permitting activities.