This is exciting news for Apollo and confirms the Chinese appetite for Iron ore.
It is only now a matter of time before the rest of the market catch on !
Mt oscar only 30 kms from the port with railway and infrastructure in place.
Currently fox resources drilling on the adjacent tenement.
Apollo believe to have 40% of Mt Oscar deposit.
Apollo definitely a take over target.
chinese will increase stake in pilbara iron co, page-4
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