The new exploration target is exclusively within the company’s existing 192 million tonne inferred mineral resource grading 36.6 per cent iron providing huge upside for an updated resource estimate.
Importantly, only about 25 per cent of the potential strike length has been included in current inferred resource estimates and only one of the several banded iron formation beds has been drill tested.
An 85 per cent iron yield could be realised from a significant portion of the orebody with weight recovery expected to come in at 44 per cent, according to the ASX-listed junior explorer.
Following beneficiation, scoping studies predict Surefire’s magnetite-based iron will reach a whopping 67.5 per cent iron, leaving the likes of FMG, Rio Tinto and BHP’s hematite iron ore operations in the rear-view mirror when it comes to grade.
https://thewest.com.au/business/public-companies/surefire-unveils-major-wa-iron-potential-c-5558090
The new exploration target is exclusively within the company’s...
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add SRN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.7¢ |
Change
0.001(16.7%) |
Mkt cap ! $13.90M | |||
| Open | High | Low | Value | Volume |
| 0.7¢ | 0.7¢ | 0.7¢ | $1.135K | 162.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 2047202 | 0.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.7¢ | 11706132 | 19 |
View Market Depth
| Last trade - 10.08am 12/09/2024 (20 minute delay) ? |
| SRN (ASX) Chart |