snippets from Paydirt magazines Africa Down under preview of...

snippets from Paydirt magazines Africa Down under preview of Kogi Iron....just a few extracts from this bullish article....
Burston and Ariti have been amongst the most active iron ore executives over the past decade, with their various exploits at Aztec, Portman, Territory, Cape Lambert and African Iron accounting for nearly $1 billion in transactions during that time. And Kogi, their latest venture, bears many of the hallmarks that made those companies succesful corporate targets.

They were all step out holes and they have identified mineralisation up to 18km along strike. The existing resource is just 20% of the geophysical anomoly and we got 488mt out of that. So, in bringing al the drilling, magnetics and mapping together we expect to build on the 1.5 to 2 billion tonne target.

There is also an opportunity to sell product into the nascent Nigerian steel market. Reports from Bejiing suggested Chinese state owned metals trader Sinosteel is in talks to take over a state owned steel mill in the country and expands its capacity to 5.6 mtpa from 1.3mtpa. Ariti said Kogi would be keen to tap into the domestic market. Agbaja is 50km from the Ajaokuta steel complex.

(Re African Irons Mayoka project)..Ariti said its proximity to existing and accessible rail and port infrastructure were intregal to its rapid development. Agbaja he said shared similarities that meant it too could be developed at pace...