announcemnt out

HIGHLIGHTS
VERY GOOD TEST RESULTS OF DRILL SAMPLES WITH
MAGNETITE WEIGHT RECOVERY>45% WHICH IS HIGHER
THAN MOST PILBARA AND MIDWEST PROJECTS GIVES
ENCOURAGEMENT FOR FURTHER DRILLING AND
ESTABLISHMENT OF A MAGNETITE RESOURCE DEPOSIT
AT MAGNETITE RANGE PROSPECT , MT GIBSON (ACCENT
RESOURCES NL– 80%, MAWSON WEST LTD – 20% )
Highly encouraging results have been received from Davies Tube test work
supervised by ProMet Engineers of four drill samples from the Magnetite Range
Prospect. The main points from the report were:-
“Two of the samples produced DR (Direct Reduction) concentrates less than 2%
silica at grinds of 80% passing 40 micron while the other two samples produced
good quality BF (Blast Furnace) grade concentrates at 3 to 4% silica. There were
no other elements of concern in the chemical set tested – alumina, phosphorous,
sulphur, titania and alkali metals were all very low”.
“The quality of the magnetite is enhanced by the high weight recovery – higher
than most projects being developed in the Pilbara and in the Mid West”.
Encouraging features of the test work included:-
i) The magnetite weight recovery is high >45%.
ii) The grind requirement is relatively coarse.
iii) No deleterious elements were seen in the chemistry tested.
These test work results are considered to be highly encouraging to warrant
additional drilling with the aim of establishing a magnetite resource at the
Magnetite Range Prospect.
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