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For Interest:Magnetite a winner: AustralasianKate...

  1. slapstick99
    102 Posts.
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    11/09/07
    14:31
    Post #: 2796912
    For Interest:

    Magnetite a winner: Australasian
    Kate Haycook
    Tuesday, 11 September 2007

    CHINESE steelmakers understand magnetite iron ore and want more of it, according to Australasian Resources, and the company's Balmoral South project is well-placed to take advantage of demand for the bulk commodity.

    Drilling at Australasian Resources Blamoral Southern Block magnetite deposit in the Pilbara

    Australasian managing director Andrew Caruso said the magnetite was emerging as an important commodity in the iron ore market in supplying Chinese demand.

    TYX Price at posting: 0.0¢ Sentiment: Buy Disclosure: Held
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