...and the ore being targeted has low DE's (deleterious...

...and the ore being targeted has low DE's (deleterious elements), especially low P like Nullagine, and likely FE grades of 60%+.

7 January 2014
Positive Results from Iron-ore Fieldwork in Bahia State, Brazil. Highlights
• Assay results from outcrop samples taken from multi
ple projects held by Cleveland and BC Iron return average Fe content within targeted range
• Mapping confirms multi-kilometre strike lengths and
apparent thicknesses between 20 and 70 metres at surface
• Initial drilling program to commence as soon as pos
sible

Multiple kilometres of mineralised strike were confirmed in outcrops and apparent thicknesses between 20 and 70 metres were observed across the project areas during the sampling program.
The average iron content of surface samples taken by Cleveland from the five areas was 34.8% Fe,
surpassing the Alliance’s minimum requirement of 28% Fe. The balance of the mineral content is predominantly SiO2
(46.2%), with insignificant levels of Al2O3(0.62%) and P (0.031%).
The rock types and grades are similar to “standard” iron ores in Brazil that are beneficiated into high-quality, highly-demanded products and represent one of the most commonly mined styles of iron ores globally. Preliminary metallurgical test-work conducted by the Vendor, but not yet confirmed by Cleveland, indicates that the silica can be easily removed through simple beneficiation to achieve the Alliance’s target product grade of +60% Fe.
The Alliance have selected these projects based on the rock types, access to port and rail systems that are currently under construction, strong community and government support, and the low cost of production in Brazil. Whilst Brazilian in-ground iron ore grades are typically lower than the Direct Ship Ores (DSO) from Australia, the final processed product from Brazilian ore is generally higher grade than the Australian DSO. The low cost of power and labour in Brazil, along with the typically coarse grind size, generally allow Brazilian iron ore to be processed into a high-grade product with mining and processing costs below those of Australian DSO.
The proposed drilling program will cover five discr
ete areas of mineralisation and commence as soon as possible.