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Link - Legacy Iron under the radar, NMDC transformative for Mt Bevan Iron Ore Project

Direct Shipping Ore (DSO) potential

There is significant potential for the definition of shallow DID and DSO hematite iron ore resources at Mt Bevan that could allow for early stage mining.

This is based on a hematite resource of 5.75 million tonnes at 59.9% Fe at Mt Mason close to the Mt Bevan southern boundary. This mineralisation is known to extend into the Legacy/Hawthorn joint venture ground at Mt Bevan.

Defining a DSO resource at Mt Bevan would change completely the valuation dynamics of Legacy as it would open the possibility of generating earlier cash flows at a relatively low capital expenditure


Next phase drilling planned for August 2011 at Mt Bevan will look to extend the resource on north and south of area drilled and test area bordering Jupiter's Mt Mason for DSO hematite.

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Look forward to the NMDC deal and DSO resource.

DYOR