targeting upto 2 bill t @ 60+% fe - africa, page-38

Last time the target was mentioned was in the Investor Presentation announced to the ASX on 9 Aug 2011 where it states on Page 2 the following...

"...

•Two high grade DSO iron ore Projects in THE emerging world class iron ore province
–YoukouProject (90% Waratah) –a high-grade hematite direct shipping iron ore (“DSO”) project
–OkanaboraProject (80% Waratah)1–a high-grade itabiriteiron ore project
•Potential for large scale, iron ore mines...Potential for large scale, iron ore mines
•Initial exploration target of 1-2 billion tonnes grading between 60% and 62% Fe
•Up to 68.8% Fe from rock-chip sampling
•Aggressively progressing exploration -Resource drilling with 2 diamond rigs will commencing in August 2011

..."