Previous met testing results were good and indicated a high quality, low impurity product could be processed from the magnetite.
We haven't seen any further met testing (waiting for that now) and this should indicate what could be done with the hematite resource that sits above the magnetite.
In answer to your question, it doesn't look like there is a problem with the resource, but we are out of cash and our location presents a big barrier to commercialising the ore.
10c beckons, page-3
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