after digging through some announcements made by ROY in 2006, royal resources drilled at the plateau prospect in fields find and had some pretty good intercepts above %55> Fe with an initial inferred hematite resource of around 12-14 million.. so still pretty small in terms of overall resource. But obviously excellent potential for a larger resource should more exploration be undertaken so could be a multibagger should there be positive results from MGX.
Obviously the GFC halted further proving up of the resources at fields find and a focus on other projects by ROY put this on the backburner.
For reference -
http://www.royalresources.com.au/documents/14December2006IronOrePlateauProspectDSOPotentialAmended.pdf
fields find - plateau prospect
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