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  1. 582 Posts.
    http://www.traffordresources.com/images/stories/asx/0149_-_iferesource_announcement221208.pdf

    "? High quality, low contaminant nature confirmed.
    ? Low cost beneficiation likely.
    ? Concentrate grades likely to exceed 67% Fe."

    "Ultima Dam East Prospect
    At the Ultima Dam East prospect, 112 Reverse Circulation (RC) holes (10,135m) and 3 Diamond core holes (256.3m) have been drilled by IronClad. Ultima Dam East comprises a cluster of magnetite targets defined by aeromagnetic data, with historic iron mineralisation having been previously identified at the Mathews target. Resource modelling by Golder Associates Pty Ltd has been completed and metallurgical testwork has shown that the magnetite mineralisation, in both weathered and fresh rock, is easily beneficiated to obtain 67.1% Fe and 67.6% Fe grades respectively, with excellent mass recoveries of around 55% in each case and very low impurity levels."

    Has anyone seen more recent post beneficiated estimates?
 
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