thought provoked...

Hi Fellow MXRites,

 

I am not aware if the majority of you have seen this article but I believe it is related to MXR – even if it is just because of the nearology.

 

http://www.perthnow.com.au/business/fmg-pegs-swathes-of-new-tenements-in-major-sa-copper-gold-and-uranium-districts/story-e6frg2qc-1226265102556

 

FORTESCUE Metals Group has given the clearest sign yet it intends to diversify out of the iron ore and steel supply chain, pegging swathes of new tenements in South Australia's major copper, gold and uranium districts.

The WA iron ore giant last year applied for 10 exploration licences covering about 4600sq/km of ground, mostly in the Woomera protected area in central South Australia. 

In its tenement applications, FMG said it was looking for copper, gold and uranium – a significant departure from its current iron ore business. 

 

This is right smack bang near our Billa Kalina tenements. Now most of you are probably aware that there is a farm in with ERO regarding the ground, but what is even more important is that MXR have 100% rights to all non-diamond minerals.

 

FMG are looking for C, G, U and if we are successful in finding this – all the rights of the minerals go to MXR.

 

I find this a very interesting development for our Billa Kalina tenement.

 

Thoughts?

 

biggz