On 1 July 2019 the Company announced that it has signed an MOU with Trendsheer Holdings
Pty Ltd (Trendsheer) for materials processing on Frances Creek Iron Ore Mine, Northern
Territory. The Company intends to use the s recently purchased process plant that is currently
established on the Frances Creek site.
A detailed mine plan is currently being developed for crushing and screening of direct ship
iron ore, and potentially future beneficiation of lower grade iron ore resources. Elmore is
working with Trendsheer to define the best processing technique for beneficiating the
remaining ore.
Both Trendsheer and Elmore believe that there is high potential to process gold ore from
projects located nearby, which is further enhanced by the recent agreement between
Trendsheer and Ark Mines (ASX: ARK) announced by ARK on 30 July 2019.
First of all there no ARK coded stock
Second it's code is AHK - which is finished and being sold off.
DO NOTHING MANAGEMENT STRIKES AGAIN!
ELE Price at posting:
6.9¢ Sentiment: None Disclosure: Not Held