MGX 0.00% 32.0¢ mount gibson iron limited

fields find - plateau prospect

  1. 47 Posts.
    after digging through some announcements made by ROY in 2006, royal resources drilled at the plateau prospect in fields find and had some pretty good intercepts above %55> Fe with an initial inferred hematite resource of around 12-14 million.. so still pretty small in terms of overall resource. But obviously excellent potential for a larger resource should more exploration be undertaken so could be a multibagger should there be positive results from MGX.

    Obviously the GFC halted further proving up of the resources at fields find and a focus on other projects by ROY put this on the backburner.

    For reference -

    http://www.royalresources.com.au/documents/14December2006IronOrePlateauProspectDSOPotentialAmended.pdf
 
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