I just read RHI quarterly activities report and was surprised to see so many references to CZR Robe Mesa Project
https://announcements.asx.com.au/asxpdf/20240429/pdf/062yd6fx7l275h.pdf
For example:
The Pannawonica Project
The Pannawonica Project is located north of the West Pilbara Project area and comprises the Company’s 100%owned Redgate and Whitegate iron ore mining leases. Red Hill Minerals has been working in conjunction with CZRResources Limited7 (CZR) to complete baseline environmental surveys covering non-processing infrastructure andpotential haul routes that can be utilised for the Company’s Pannawonica Project (Figure 1).The current Ore Reserve Statement for Pannawonica Iron Project8 is 4.68 million tonnes (Mt) at 56% iron at a 54.5%iron cut-off grade within a total project Mineral Resource9 of 62.5 million tonnes at 53.4% Iron at a 52% iron blockcut-off grade.During the quarter access negotiations continued for the miscellaneous licence application L08/305 for the proposed haul road corridor that links into CZR’s haul route options10
RHI - Red Hill Iron Market Cap +$400m Shares 63.8m
Seems like a nice fit.
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