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what value on the iron ore, page-20

  1. 12,468 Posts.
    lightbulb Created with Sketch. 278
    Thanks meerkat

    I got this from the original prospectus page 19 ... I retyped it & blended the 2 paragraphs together.

    So it shoud read:

    "The West Southdown tenement, contains three zones which are interpreted as western extensions of the adjacent Southdown Iron Ore Project. Grange Resources Limited, the owner of Southdown, has announced a resource estimate of 458Mt @ 37% magnetite. That resource lies within a six kilometre length of magnetic target. The strike length of the West Southdown magnetic target zone is about 8 km and the Frankland target is about 18 km (now increased to 20km, so a total of 28km), by analogy with Southdown, it constitutes a target that could host a substantial mineralised body. Based on the magnetic signatures, EACH tenement has the potential to host mineralisation of similar size to the Southdown deposit."

    Sorry about the confusion

    cheers
 
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