Ann: Native Title signing paves way for new SA ir, page-5

re: Ann: Native Title signing paves way for n... The following from the report makes good reading imo:

"Because of the high quality and ease of mining the Wilcherry Hill crystalline magnetite deposits, IronClad decided to fast track initial development to generate an early cash flow, starting next year.

Stage One of the Wilcherry Hill Project only requires a mobile crushing and screening plant, which keeps initial costs low and margins high. Stage Two of the project will be the production and beneficiation of the remaining ore at Wilcherry Hill.

The IronClad board has made a significant effort to maintain shareholder equity within the company, and there are only 50 million shares currently on issue in the market.

IronClads DSO has a unique purpose for Chinese steel mills as a high grade blending ore, with low grade domestic Chinese ores and also certain imported ores which contain higher phosphorous levels and can achieve a higher grade steel.

This makes IronClads ore particularly sought after and highly marketable. It is also why high quality, low cost crystalline magnetite is IronClads flagship product."