Ann: Muster Dam Iron Project Tenements awarded to Magnetite Mines, page-108

Bigger the risk, bigger the rewards haha

and most definitely, $8.6mil would go well towards funding DFS studies upon successful PFS completion. Seems to be a perfect storm brewing, only time will tell

@Eloi75
also forgot to mention Razorback resource of 3.9Bt is inferred and indicated whilst the recently acquired Muster Dam project is just inferred but with that said the H&S study attached to recent announcement surrounding muster dam is quite extensive, and its more a matter of checking the work as opposed to initially undertaking the work so this project may be pursued along a similar timeline as Razorback... IMO possibly delayed by a couple years max in regards to production timeline.
all the info is in this threads announcement surrounding the Muster Dam tenement...definitely worth a read

Also highly suggest checking out the below announcements if you haven't already (this applies to everyone )

*Permitting and environmental studies initiated 14/09/20

*2020 Annual Report and Corporate Governance Statement both announced 25/09/20

*Ore sorting technology agreement update 07/10/20

*First Quarters activities report 30/10/20

*Presentation to 2020 AGM 27/11/20

*Presentation to Global iron ore and steel conference 01/12/20

*Pre feasibility study update 17/12/20

*Second Quarters activities and cash flow report 29/01/21

*Advancing Essential Infrastructure for the Razorback project 16/02/21

and obviously this announcement about Muster Dam.
You will find everything you are looking for in the above (in one form or another).

Also would like to note, as you can see above, news flow is quite consistent, courtesy of our great management

All the best, hope this helps.
DYOR GLTASH.