"It is NOW considered that an exploration target of 1.5-2.0 billion tonnes grading between 30%-40% Fe exists PURELY within the southern part of the Western BIF target zone + significant potential for shallow DID and DSO hematite iron ore resources"
It doesn't get much clearer than that! IMO a company making deal with NMDC will be the moment the market really discovers this one! Indian gov buying into Australian junior cannot go unnoticed by mainstream media!
comparing mt bevan to other magnetite plays, page-12
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