Importantly, only about 25 per cent of the potential strike...

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.

The company says metallurgical test work indicated Perenjori magnetite ore could be upgraded to a final concentrate product grading an eye-catching 67.5 per cent iron as a high-grade feed material for the hungry Asian steel industry.

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.

Source article below. Don’t think SRN isn’t going to be the biggest gainer this week.

There are gaps on the chart at $0.019 and $0.024. The resistance is $0.025.

https://thewest.com.au/business/public-companies/surefire-unveils-major-wa-iron-potential-c-5558090