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Apollo Minerals Signs MOU with Chinese Trading and Investment House
Monday July 27, 2009, 10:07 am

Original Announcement: MOU with Sinom

Apollo Minerals announced it has signed a non binding Memorandum of Understanding (MOU) with Sinom Holdings Co., to consider and advise on the cooperative development by a Chinese strategic partner of the Company's Mt Oscar Iron Ore Project in the Pilbara Region in WA. The MOU is aimed at advancing discussions to secure an exploration and development agreement for the Mt Oscar Iron Ore project, where the Company has outlined a significant magnetite iron ore target and has recently been granted an iron ore exploration licence. The Company is currently in discussions with a number of interested Chinese parties.

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