Unfortunately it is not a matter of 400MT of 69% magnetite.
It is Mineral Resource of 3.9 billion tonnes at 12.3 DTR% that is still in the ground.
IF viable for mining and after beneficiation of the entire Mineral Resource (unlikely) then an implied Life of Mine production of 481Mt Fe concentrate @ a notional 69% Fe.
Two totally different things.
Sort of like reality vs. mythology.
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Last
1.8¢ |
Change
-0.001(5.26%) |
Mkt cap ! $18.29M | |||
| Open | High | Low | Value | Volume |
| 1.9¢ | 1.9¢ | 1.8¢ | $5.549K | 295.3K |
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| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1601431 | 1.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.0¢ | 883614 | 8 |
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| Last trade - 16.10pm 24/06/2025 (20 minute delay) ? |
| HIO (ASX) Chart |