Apollo is an Australian iron ore exploration company listed on the Australian Securities Exchange (ASX:AON). Apollo owns the exploration rights of two mineral tenements at Mount Oscar in the Pilbara region of Western Australia, containing a significant iron ore deposit.

Apollo has an exploration target of  500 million tonnes of magnetite-bearing BIF, grading 31% to 37% iron in situ at Mt Oscar. The adjacent "Apollo Fly-through Video" provides detailed, 3D imagery of the Project location and geophysical modelling.

The Mt Oscar Project has particular appeal due to its proximity to infrastructure. Mt Oscar is located 25 kilometres south of the port of Cape Lambert and a proposed multi user Ankatell Point port. The proposed port would potentially be used by Aquila Resources, Fortescue Metals, China Metallurgical Group and Apollo Minerals. The Apollo Project is close to existing roads, rail infrastructure and towns such as Karratha, the major regional centre.     

The initial drilling programme carried out in late 2009 was designed to target the highest magnetic amplitudes as modelled by independent geological consultants of high resolution airborne magnetic data flown over the Mt Oscar project area. The drilling comprised five reverse circulation (RC) holes drilled on four, approximately 200 metre-spaced sections, for a combined length of 1,440 metres. Downhole intercepts of magnetite mineralisation ranging from 16 to 168 metres having iron grades ranging from 31.9% to 36.9% have been encountered within the two principal horizons targeted. The average iron grade for the intercepts reported is 35.2% Fe. The mineralisation remains open at depth and along strike for both horizons with the deepest holes extending to a vertical depth of 300 metres.

Prior to the recent drilling programme, analysis of a limited number of rock chip samples collected from Apollo's part of the Mount Oscar Project returned grades of up to 52% Fe.