If I read the summary report correctly there is 220 million tons of iron sands in the area deemed SML60.There is a larger region which has yet to be surveyed so the resource could be double if not more. The alternative uses seems to get a mention a bit so hoping for some upside with future announcements.
Price of iron ore over $63.00 so some momentum there.Finally things are definately happening !Giddyup !
Ann: Quarterly Activities Report-AXZ.AX, page-2
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