At least they have found evidence that hematite exsists at Wubin, this can only mean good things, cant wait till they start drilling, hopefully some test resuslts soon and more sampling from the malaru aswell.
on a side note even magnetite demand is increasing
"We believe that this is really the start of a magnetite industry in Australia,'' said Barry Fitzgerald, the project's CEO."
``It demonstrates the capacity of Chinese industry, and I'm sure they see this as a major coup.''
Australia currently has just two small scale magnetite operations -- neither in mineral-rich Western Australia, and neither of which could rival Sino Iron, which Ryan claims will be one of the ``biggest holes in the world''.
http://www.perthnow.com.au/business/news/wa-cattle-station-becoming-one-of-the-biggest-holes-on-earth/story-e6frg2qu-1225853257439
Ann: Iron Ore Target Sampling Update , page-8
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