These guys really are duds.
Take a look at this statement from the JORC document which is used to underpin the inferred resource and justify this acquisition:
"Without diamond core or extremely high quality and detailed RC logging, there is no confidence in concluding that Weld Range can produce a premium lump product, particularly if the mineralisation comprises significant amounts of specularite."
Repeat: No confidence.
Ann: Acquisition of High Grade DSO Hematite Iron Project, page-11
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