Hi allFirst time post here I have been into EIO/BRT since the...

Hi all

First time post here I have been into EIO/BRT since the toys business, it's owns me a lot so I'm hoping that the move into an Iron ore company, will be worth while for us all here, below is an article I found not to sure if it has been posted before.



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Energio (ASX: EIO) and Oro Verde (ASX: OVL) are just two examples of companies that have made a successful transition into the still booming resources sector.

Energio began its life as a toy and gaming business for some years before it evolved into an iron ore explorer.

The attractive investment opportunity and the steep increase in the price of iron ore were drivers too great to ignore.

This week the company re-listed on the ASX, hitting the boards at the opening bell on Thursday and trading as high as $0.25 on the exchange of 3.2 million shares.

Importantly, Energio has secured itself a strong iron ore project in Nigeria with an exploration target of 1-2 billion tonnes of iron ore at a minimum of 30% iron.

What is interesting about the Agbaja Project is it continues to exceed Energio’s expectations, with results coming in higher than the initial target range of 48-53% iron, indicating the strong potential for the presence of direct shipping ore.

The Agbaja licences contain magnetite in banded iron formation, along with rich oolitic deposits, with rock chip samples within the project area returning grades of up to 55% iron.

These high grade iron rock chip results are well supported by drilling, which has also returned grades of up to 55% iron.

The project is located in the Kogi State, an iron ore rich region with abundant existing reliable infrastructure, such as sealed roads and highways and rail links to the Port of Warri, and also home to the largest iron and steel factory in Nigeria.


http://www.proactiveinvestors.com.au/companies/news/26540/asx-listed-energio-and-oro-verde-lead-successful-transition-into-resources-sector-26540.html


Good luck to all that hold EIO