MiIN a company with a market cap of $7.7 billion announced today it was planning a magnetite mine in the Yilgarn area.HAW should be ahead of them.
"YILGARN PROJECT UPDATE
• Existing hematite operation
- 15 pits, spanning +200km
- 5 to 6 year mine life
• Magnetite opportunity
- Drilling program underway
- Early stages of defining resource
• Leverage existing infrastructure
• Construct new process infrastructure
- Produce pilot plant to prove concept
- To produce high-grade magnetite
- 4 year development timeframe
- 5Mtpa module concept under development"
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