Sherlock Bay, Pilbara venture revealed
Email Print Normal font Large font May 26, 2006 - 12:54PM
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AdvertisementIron ore developer Sherlock Bay Nickel Corp Ltd says its Pilbara joint venture project has a resource of 618 million tonnes of magnetite.
The Southern Block of the Balmoral deposit hosts the resource and was explored as part of a due diligence to buy the right to mine one billion tonnes of iron ore from private outfit Mineralogy Pty Ltd.
Sherlock said it was very confident it would increase resources to one billion tonnes with further drilling.
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