It is not haematie Heisenburg, but as the presentation states, is pisolite which an alluvial deposit, normaly assiciated with krapolite, and formed with the rapid extrusion of fluids and other matter from a basal system. The process will likely involve blasting and washing.
There are numerous Fe mesas in Pilbura, but they key is finding those that are on infrastructure, and MinRes has just built a brand new haul road for its Onslow mine that runs straight past Cane Bore, hence this opportunity has just arisen.
Ann: Macro Metals Ltd Non-Deal Roadshow Presentation, page-15
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