Some drilling from Grants 2012: (Source: https://www.asx.com.au/asxpdf/20121005/pdf/42960mhs1j04b0.pdf)
From today's announcement:
Looks like intercepts are significantly longer and scanner results better.
It would be interesting to know under what circumstances the scanner would overestimate the results. Maybe the resident geo could chip in?
The railway near by, too, that's a bit of luck.
And if media reports are correct and Gupta's looking at a 100mtpa operation and if today's announcement summarising Simec's operations are correct that they have: "Total reserves and resources are just under 0.5 billion tonnes", then it looks like a pretty good match.
Ann: Grants Iron Ore Basin Drilling Commencing Soon, page-26
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