The boardroom radio interview kev wills did today is a must "listen to".
He talks about massive and abundant magnetite, previously undrilled block 1 which they are going to drill in may to a depth of 500m to 600m into the core of the magnetite anomoly identified through recent airborne/gravity surveys and by the sounds of what he said, he is hoping for iron ore down to 500m or there abouts.
Western Mining did some drilling in the area years ago but the iron ore had high levels of titanium but that is now ok because the chinese can treat the fe with titanium whereas back when western mining did, they couldn't.
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