re: Ann: Completion of First Stage of Drillin... "what box have...

re: Ann: Completion of First Stage of Drillin... "what box have they ticked?"

They have ticked the box of confirming at least 1 billion tonnes of JORC Code compliant hematite resource and establishing a resource that can support 50MTpa.

Quoted from ASX release:
"The drilling program, which commenced in June 2007, was designed to confirm the potential of Exploration Permit No.92 ("EP 92") to support a JORC Code compliant hematite resource of at least one billion tonnes. This objective has been significantly exceeded with the recent announcement of combined Inferred Resources of 2.45 billion tonnes of DSO quality and itabirite hematite. This scale of resource has the potential to support an expanded production profile of up to 50Mtpa"

I believe that you have not read/posted the paragraph in the ASX release above the one the you posted.

Well done SDL!