Why did Rio & BHP drop the iron ore tenements picked up by FMG?
Its likely that ConsMins only retained its licence over the outcrop resource which is a where it drilled holes and formulated a resource. Some of the Flanagan Bore holes are 50 metres intercepts and if the same holds on the adjacent Panther tenements then looks like there will be a lot of mangenese tonnes too.
Consmin, E25, FRB, BCA have the whole manganese field locked up, will be interesting to see how it unfolds.
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- Ann: BCA Completes Acquisition of Panther Exploration
Ann: BCA Completes Acquisition of Panther Exploration, page-6
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