MRD TAKEOVER TARGET??? if drilling results prove LARGE DSO RESOURCE

So MRD is certainly in the current HOT SPOT for iron ore activity with several other companies already there.

Not that far from the Geraldton Port around 400km.

Fenix has already done a deal with Sino and they are now shipping ore.

Todays opening volume buying and selling of over 182m shares already indicates to me SOMETHING is HAPPENING??? Already the same volume traded in the first 30m as was the total of yesterday??????

Could we see Mineral Resources or FMG or Gina pop up on the register in the next few days???






https://thewest.com.au/business/public-companies/surefire-to-fast-track-wa-iron-ore-project-c-2238300

do not advertise external links.au/companies/news/931374/fenix-resources-executes-binding-iron-ore-offtake-with-sinosteel-and-purchases-geraldton-port-facilities-931374.html

https://www.mtgibsoniron.com.au/wp-content/uploads/2020/10/MGX-Shine-Project-Update-Final-9-October-2020.pdf

https://www.argusmedia.com/news/2198797-western-australias-sage-returns-to-iron-ore

Identified Resources

In 2018, Australia's EDR of iron ore increased by 3% from 2017 to 49 604 Mt (Table 3). Similarly, there was a 4% EDR increase of contained iron to 24 122 Mt (Table 4). EDR attributable to magnetite deposits have decreased by 1%, likely due to re-assessment of projects and inactivity in the magnetite industry. The vast majority (92%) of Australia's EDR of iron ore occurs in Western Australia with relatively minor occurrences in South Australia, New South Wales and Tasmania (Figure 1).

Figure 1. Distribution of iron ore EDR by Australian jurisdiction as at December 2018. Where applicable, the number of mines in each jurisdiction is in brackets.

The market price for seaborne iron ore has risen consecutively over recent years from a low of US$47/t in 2015-16 to US$72/t in 2018‑19. This is partly due to market concerns of a supply shortfall from Vale S.A.'s operations due to infrastructure failures in Brazil. In Australia, iron ore shipments were disrupted by unfavourable weather conditions in the Pilbara region of Western Australia. Another factor is short-term demand from Chinese steel mill producers, with increased production prior to a government-imposed winter production slowdown.

In response to this economic environment, some companies are re-visiting suspended resource projects that have defined resources and economic potential. New projects are required for established producers to maintain current production output and meet target capacity rates as existing projects are depleted. For instance, the US$2.9 billion South Flank Project was announced by BHP in June 2018 to replace the 80 Mt per annum (Mtpa) production at the depleting Yandi mine⁸.

The US$1.275 billion Eliwana Project announced by FMG will ensure it maintains its minimum production rate of 170 Mtpa⁹. New mine developments include Rio Tinto Ltd's Koodaideri Project. The projected capacity rate of Koodaideri is around 43 Mtpa, with expected production in the latter part of 2021¹⁰. The previously halted Koolan Island mine (Mount Gibson Iron Ltd) has also re-started, with the first ore sale reported in early 2018. Koolan Island's main pit is expected to be mined over the next five years with an estimated JORC Ore Reserve of 21 Mt at an average grade of 65.5% Fe¹¹.

Paramarginal resources of iron ore in 2018 were estimated at 10 382 Mt with 3137 Mt of contained iron. Inferred Resources in 2018 were estimated at 94 100 Mt of iron ore with 43 021 Mt of contained iron (Table 3 and Table 4). Trends in Ore Reserves, EDR and total resources for iron ore are illustrated in Figure 2.