checkout this iron ore prospect

especially the highlitghted section...

big opportinity..

BTW..just a small part of it's over all iron ore prospects

Plateau Ironstone Project
[Midwest, Western Australia]

A follow up reverse circulation drilling program at the Plateau prospect in the Midwest Iron Ore Province of Western Australia comprised of 23 holes with the primary objective of assessing an area of about 1 km2 where the initial drilling recorded near surface hematite ironstone enrichment. The spacing of the holes of the first drill program was about 500 metres.

Royal is very encouraged by the results of the drilling and will continue to define and extend the ironstone mineralisation of the Plateau prospect.

The recent RC drilling comprised holes 100m – 300m apart to assess the lateral continuity of the ironstone/hematite mineralisation. The results of the drilling are very positive with 5 holes recording encouraging width and grades of mineralisation. The more significant assay results for these holes are provided in the Table below.

An area of 0.8 square kilometres to a depth of 5 metres of the Plateau project has the potential to contain approximately 12-14 million tonnes of pisolitic hematite/–goethite material. This is our first small target within the broader parameters of the Plateau prospect which covers about 12 km2.

Of significance are the low phosphorous levels potentially making the mineralisation highly suitable for blending with high phosphorous ores.