First a disclosure - I was in AON some time ago and got out,...

First a disclosure - I was in AON some time ago and got out, thought I would see what was up

I doubt they are near a JORC resource as far as I am aware they have drilled about 8 holes in two separate locations which is not going to give much of a resource if any.

Also I remain concerned about the silica's, if I recall from the time i sold out their test work showed very fine grinding ( like less than 30 micron) was required and the concentrate whilst it had an ok iron grade but it was still around 10% silica.

IMO This one is going to need more drill holes and some good mineralogy and test work if its going to go far.