Thankyou for clarifying that you are talking about the mineral resource only, and not the ore reserve.
The main pit contains the majority of the mineral resource.
The ore reserve has around 4.8% silica.
The inferred mineral resource of around 30mt of 64% Fe has a silica content of around 5.8%.
We recently sold Shine with low grade 58% Fe and 9% silica to Fenex, which they plan to start mining in 2024 which they will have to both truck and rail.
MGX Price at posting:
44.5¢ Sentiment: Buy Disclosure: Held
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