8 Billion Ton Iron Ore Project - 67-69% Fe in magnetic concentrate.

Advanced Exploration Stage. Up to date the project has an accumulated of 32,196 meters drilled in 344 holes (100 DD and 234 RC) .
Several metallurgic test work has shown that a quality product can be produced with a reasonable total iron recovery with an excess of 69% Fe
DTR weight recovery between 30-41%
Impurities below standard limits.
Magnetite Iron Ore.
8+ MT potential resources.
Target project supports 20 -40 MT/yr.
Exploration licenses include the AREA and advanced area and the regional sub-explored targets.
Drilling will be performed progressively in 3 phases.
Group estimate Mine Production in 3 years

Posted Jul 14, 2016

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