winmar 51% and cazaly 49% hamersley iron

Congratulations holders, we now hold and own 51% of one of the worlds most sort after iron ore real estate!!! The Pilbra Western Australia. Still a lot to do but very much so on the right track.

I wasn't expecting this announcement till early next year, just shows you never know and it's best to hold your shares rather then guess time frames.

The best part of the completion of the 51% earn in IMO is now all further expenditure is split between Winmar and cazaly

1: huge resource jorc and more to follow
2: high grade iron ore (around 60% CAFe)
3: open in most directions
4: very very close to infrastructure
5: massive Chinese cornerstone investor, px steel

"Winmar 51% and Cazaly 49%. Winmar will continue to manage the project. The Hamersley project is located in the Tom Price Region of the Pilbara, in close proximity to Fortescue Metals’ (ASX: FMG) Solomon project and Rio Tinto’s (ASX: RIO) Marandoo and Brockman mines."

"Winmar is delighted to have successfully completed its earn-in requirements for the project, which it views as an advanced exploration target with major exploration upside and development potential.
Moving forward, both parties will be severally liable in proportion to their participating interest for all obligations and liabilities incurred at the project in the course of carrying out future joint venture activities."