ROY has some outstanding Iron Ore prospects at Newman. Claims numbers E52/1604 and E 52/1911 abut BHP’s Silver Knight hematite iron ore deposit. Have a look at ROY web page to see some chip sample results. Also I would suggest you have a look at a recent ASX release by Giralia (GIR) stating they were commencing drilling on their Western Creek project. They have some BHP drilling results. ROY are between Giralia claims and BHP. One of BHP’s holes in the area went 108m @ 61.5%Fe. I have GIR on my watch list, anything they find is more than likely also on ROY’S ground. ROY have some other claims north of this area that are very exciting.
MFE Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held