Ann: Quarterly Activities and Cashflow Report, page-97

Stock**ad this morning.
Always regarded as a tough nut to crack, the junior end of the iron ore sector has a way of getting cleaned out from time to time. With the market effectively cornered by the big players, the glass ceiling is strongly reinforced.Often the move for iron ore juniors is to diversify into other commodities attracting market interest like lithium, nickel and gold.But as battery metals prices ebb, the relative stability of the iron ore market is holding a level of attraction right now.While lithium and rare earths prices are now well into the cost curve, iron ore continues to hit a floor in and around US$100/t, paying US$98.95/t in Singapore at 5.30pm AEST yesterday.
Responding to softness in the Chinese economy, that’s a way off the US$140/t levels seen late last year.But it remains well above historic levels, with analysts like Commbank and miners like BHP (ASX:BHP) alike now seeing cost support at US$80-100/t.It makes iron ore an interesting sector to make a discovery in, especially close to infrastructure in the Pilbara."