Trafford purchased the Wilcherry Hill Project as a gold project from iron ore company Aquila Resources, and listed on ASX on 19 June 2006.
The company began digitisation of immense volumes of pre-existing data.
After careful analysis of this data, the company discovered 530 drill holes had intercepted economic “iron”.
Results from the analysis was compiled, leading to the definition of a JORC compliant resource of 44 Mt.