FORMER Portman Mining general manager Peter Bilbe has been appointed project manager of Aztec Resources Koolan Iron Ore project.
The project is located on Koolan Island in the Yampi Sound about 130 kilometres offshore from Derby. The current main pit resource is 24.9 million tonnes of 67 per cent pure iron ore with low impurities.
Aztec managing director Brett Matich said after its $6.5 million capital raising in March, the company was now well into its exploration program.