gwood888, yes the magnetite iron ore Exploration Target of 240 to 300 million tonnes is very viable if it can be proven up. It will require a lot a further exploration / drilling etc. FYI magnetite is very much in demand and part of the new clean steel production. The % is also viable as what most magnetite requires is crushing / grinding and then processing to develop a concentrate. the target tonnes if proven up would likely represent a 50 year ++++ mine so super viable. Magnetise concentrate above 60% normally secures a price premium, So I am very happy with the CSRIO modelling and I think this will allow them to spin off the magnetitic assets if they become a pure lithium player.
RLC Price at posting:
2.9¢ Sentiment: Buy Disclosure: Held
