From BCI MOU with FMG (6/7/207):
Several Exploration Targets defined so far by BC Iron have the potential to produce Direct Shipping Ore (“DSO”). Additional drilling is imminent on the Shaw River palaeochannel system which has the potential to contribute further to the total resource base at Nullagine.
In addition, significant amounts of sub-optimal material which may be amenable to simple beneficiation have been outlined within the Bonnie Creek and Nullagine CIDs.
At this time the Iron Ore price was approx US$36 / t.
so quiet
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