My understanding was that they have more than enough confirmed...

My understanding was that they have more than enough confirmed magnetite at low strip ratio for the life of the project.

The PWC report demonstrates clearly that, if Brett wants to shore up the SP, then DSO Haematite is foremost value driver, with Magnetite a clear second.

Perhaps they're concerned that a Haematite drilling program which fails to identify a DSO resource would have an adverse impact on negotiations.