260% increase in magnetite JORC resource to 1.01 billion tonnes but the DSO resource upgraded to 4.5MT at 54.3%Fe. The DSO resource has been impacted by limited depths of 25m or less and a decrease in density.
A drill program of 14,500m is set to commence late in October to increase the resource size.
I wonder how the market will react, Mt Forrest is developing into a large magnetite resource but the DSO resource is a bit disappointing.
mt forrest jorc of 1 billion tonnes
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