Ann: Exploration Target Upgraded for Mutooroo Mag, page-9

re: Ann: Exploration Target Upgraded for Muto... I agree that th-5 70% Fe is fine but my comments relate to the DTR results that indicate a relatively low rate of recovery which from memory is about 17% I am not a geo but from reading other reports 40% is considered to be a very significant rate of recovery. As the DTR tests ascertain the suitability and liberation of the contained Fe and provide indicative guides to the quality and grade I think my comment re low end of the scale is correct.

Looking on the bright side high grade magnetite which can be classified as direct shipping ore (DSO) generally contains greater than 60% Fe and is used in blast furnace sand only requires simple preparation. This is all good for MEP when you consider the size of the resource.

Thank you Mr Google and Wikipedia for the above information.

regards

kippax