Not sure what the HAW admirers are smoking, but it must be good. This is a crap announcement. I just stumbled across it on Miningnews.net. Fe grades are low, much lower than Mt Mason grades on JMS's side of the fence. And anyone who describes combined Al2O3-Silica grades as "generally low - 10 to 20% combined" is an idiot! Alumina should be around 2% or less for ore, silica 2 to 3 times that. 10% combined would be moderate, 20% would be a complete show-stopper.
Refer to BCI presentations for a good explanation of ore parameters from Mike Young if you're wondering.
iron ore discovery extension, page-41
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