see the announcemnet just released to the market that suggests reserves have increased to approx 700mt of FE at Balla Balla project.
Managing Director Charles Schaus said the exploration success to date is a positive
milestone for shareholders.
“Aurox remains on track to become WA’s first magnetite iron ore producer from the low
cost Balla Balla project, which is located near the Pilbara coast 100kms west of Port
Hedland,” Mr Schaus said.
In-house studies of geophysical data and past RC drilling indicates the potential to double
the current 325 million tonne titanomagnetite resource and increase ore reserves to more
than 350 million tonnes once the drilling, resource modelling and reserve estimation work
is finished.
The programme is scheduled for completion by August of this year with interim resource
estimations generated and reported as drilling progresses. Highlights from drill assays
received to date include:
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