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STUDIES CONFIRM NORTHERN LIGHTS IRON ORE PROJECT IN SOUTH AFRICA EXHIBITS VERY LOW IMPURITY LEVELS
HIGHLIGHTS:
? Mineralogical studies demonstrate positive results ? Magnetite grains are coarse (around 1mm across) and free of inclusions ? Magnetite grains are not locked within gangue grains ? No significant deleterious phases have been detected within the magnetite
South African focussed iron ore company Midwinter Resources NL (ASX: MWN) (?the Company? or ?Midwinter?) has, as a result of ore characterisation studies on samples recovered from recent drilling, determined that ore from the Northern Lights project in the Limpopo Province, Republic of South Africa, exhibit very low impurity levels.
The studies have confirmed that mineralised material is recrystallised banded iron formation (?BIF?) dominated by magnetite and quartz and that magnetite grains are not locked in gangue grains, which will ensure future processing options are likely to be very cost effective.
Typical grades* within the mineralized zones are: ? Fe 36% ? SiO2 44%
? Al203 1.2% ? P 0.05% ? TiO2 0.15% ? Cr Below detection ? V Below detection
The purity of mineralisation within the BIFs contrasts markedly with magnetite derived from intrusive rocks, which are a common source of magnetite mined elsewhere in South Africa. The latter style of mineralisation results in high levels of TiO2, V and Cr which require costly processing technologies to recover the iron.