The Pea Ridge Iron Ore Body is the largest and highest-grade ore body in the United States of America.

The Pea Ridge Ore Body is the only source of high grade Magnetite suitable for Heavy Media and Water Treatment in North America. All current U.S. consumers are importing Magnetite from South America or Sweden.

Assays at the current mining level show an iron content from 50% to 67% (average of 57%). Assays available from the next development level in the deposit show average iron content of 66% iron (63% magnetic iron). Individual assays are as high as 70% iron. Indications are that the iron ore grade is consistently high at depth.

Intercepts in some of the cores that were drilled at depth in the deposit are as follows:

Pea Ridge Mine Ownership

Upland Wings, Inc. purchased the Pea Ridge Iron Ore Mine property and all related mineral rights in 2001.

In 2005 Upland Wings formed Wings Enterprises for the development of these resources.

Wings began reclaiming iron ore in October of 2006. Wings’ first reclaim production facility produces 30 tons per hour of 70% Fe (95% magnetic) iron ore from a 300,000 ton surface reserve.

Wings will initiate construction of a larger reclaim production facility in early 2008.

This production facility will produce over 100 tons per hour of 68% Fe iron ore from a 20 million ton tailings lake with an estimated 4 million tons of recoverable iron.

History

The Pea Ridge Iron Ore deposit was initially discovered in 1950 as a major magnetic anomaly.

The deposit was originally developed by Bethlehem Steel and St. Joseph Lead Company in 1957, under the name Meramec Mining Company.

Production began in 1964 and operated with only three interruptions, producing over 30 million tons of pellets, fines, heavy media and other iron products by 2001.

The mine lost its last iron ore pellet customer in 1990 and shifted to specialty products.

Iron ore prices continued to fall and the mine finally went bankrupt in 2001.