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Ann: Grants Iron Ore Basin Drilling Commencing Soon, page-38

  1. 2,569 Posts.
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    "Dr Giles told * that SIMEC was chasing about 1 billion tonnes of iron ore in the region."

    ICYMI: for an indication of what a 1 billion tonne Fe resource could resemble, see Post #: 35867627. Note: Benchmark Fe price down ~ 10% since that post.

    FWIW: cut-off grade observation from yesterday's Grants Iron Ore Basin ASX release (Post #: 36738579) :

    Minimum grade truncations are applied (15% Fe Niton XRF with up to 5m of internal dilution) (pg 8).

    This compares with 18% for the Grants (Post #: 11148375) and Maldorky (Post #: 8523580) JORC resources.

    DYOR
    Last edited by Guerilla: 05/12/18
 
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