While we wait for the derisking news, it's good to see the backdrop of a positive iron ore market.

Reuters quoting price of $115 equivalent on DCE exchange in article below. Highest since October last year.

Also, there has been quite a bit of M&A and investment lately, some large transactions for the majors. The interesting thing is, I guess you'd expect this sort of activity at the bottom of the cycle or when the cycle is starting to tick up.

1. Cyclone, Vale sign $138m deal to develop Iron Bear Project - Feb 17
2. Mitsui to buy $5.3bn stake in Rio Tinto project - Feb 19
3. Fortescue to acquire Red Hawk Mining, enhancing WA ore access - Jan 28

Positive macro signs for the industry.

Hopefully we are on a radar or two - once we've published PFS. Including from our strategic investor who is now on the share register.


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Iron ore gains on strong China steel consumption, short covering

ByAmy Lv and Lewis Jackson

February 20, 20258:34 AM GMTUpdated 10 hours ago

BEIJING, Feb 20 (Reuters) - Iron ore futures gained on Thursday as strong steel consumption data from top consumer China boosted sentiment, shifting investor focus to prospects of growing ore demand and spurring a wave of short covering.

The most-traded May iron ore contract on China's Dalian Commodity Exchange (DCE) ended daytime trade 2.26% higher at 837 yuan ($115.15) a metric ton.

The contract touched the highest since October 8 at 838.5 yuan a ton earlier in the session.

Iron ore gains on strong China steel consumption, short covering | Reuters