"Another complication for the Mayoko project is that the resource is below expectations, hence the need to lift volumes" - Exxaro statement from the article , what is their resource look like .
We have 160mt 35.5% fe from Friable hematite and colluvial ore and after simple upgrading produces a valuable 64.1% Fe “Mayoko Premium Fines” product. Other resource we have on top of that 160mt is Hard Hematite 23mt and Magnetite BIF 735mt . Only 21km drilled of 47km of identified iron strike.
When Exxaro took over African iron this was the resource below, what product are they shipping, is it DSO 55% , is that what they are complaining about because that product is discounted to the 64% stuff . Looks to me Exxaro need our resource.
44Mt @ 55% Fe DSO (supergene hematite)
77Mt @ 41% Fe bDSO (enriched BIF)
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Last
13.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $17.08M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5000 | 13.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.0¢ | 498509 | 3 |
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| Last trade - 16.12pm 17/06/2025 (20 minute delay) ? |
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