short term trading week starting - 16th dec, page-35

  1. 3,428 Posts.
    lightbulb Created with Sketch. 13
    Update on GRR tip (probably dropped off too and will reload however a big part of this was the fact that it runs between now and 31 dec every year)

    Announcement today is huge

    SIGNIFICANT INCREASE IN MAGNETITE RESOURCE AT LONG PLAINS
    HIGHLIGHTS
    Updated JORC 2012 Mineral Resource includes 107 million tonnes of magnetite iron ore at Long Plains (up from 49 million tonnes)
    The deposit is located 6km from the Savage River magnetite mine
    25% of tonnage is in the Indicated Resource category, all in North Zone
    Mineralisation is very robust and continuous at various cut-off grades
    Estimated depth of mineralisation is variable and generally greater than 300 metres
    Ore outcrops on a prominent ridge, with very low planned strip ratios
    Deposit contains abundant alkaline waste rocks and low amounts of sulphide waste rock
 
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