MBM 3.33% 3.1¢ mobecom limited

galina iron?, page-3

  1. 28,706 Posts.
    lightbulb Created with Sketch. 237
    try again

    Galina is owned by related parties to WGO, including the managing director & IBG (Iron Bark) management associates

    Galina holds the rights to 80% of a prospective itabirite iron ore deposit called OKANABORA

    WGO will purchase Galina for $3m (of which $1,160,023.57 has been already paid) plus the issue of 14,000,000 and 27,500,000 shares

    OKANABORA will become WGO's second exploration project, the first being Youkou

    Youkou is prospective for high grade DSO (62%+ grade) iron ore

    OKANABORA is prospective for lower grade itabirite (36% grade) iron ore, similar to that found by Sundance (SDL)

    regards


 
watchlist Created with Sketch. Add MBM (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.