Lots of upside here to increase the resource and perhaps attract chinese companies to JV or take us over at a very healthy price tag.
Apurimac Iron Ore Project – JORC Mineral Resource The Apurimac Project (Strike – 100%) has a JORC Code (2012 Edition) compliant Mineral
Resource of 269.4 Mt, consisting of: • a 142.2 Mt Indicated Mineral Resource at 57.8% Fe; and • a 127.2 Mt Inferred Mineral Resource at 56.7% Fe.
In addition to the current JORC Mineral Resource, there is significant exploration potential given the deposits are open at depth and along strike (with very promising drill results including 154m @ 62% Fe) with extensive undrilled gravity and magnetic anomalies.
SRK Price at posting:
21.0¢ Sentiment: Buy Disclosure: Held
