Received this email today, thought holders would be interested ...
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MinesOnline.com is pleased to present an iron ore opportunity located in Western Australia with a +90Mt Resource package of hematite rich alluvials.Fairstar Resources Limited (Receivers and Managers Appointed)/(Court Appointed Receivers and Managers) (the Company) is seeking to sell its 100% owned Steeple Hill Iron Project (Steeple Hill or the Project).Please register and access MinesOnline.com for more information.
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Steeple Hill Iron Project, Western Australia
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Steeple Hill is located approximately 85km east of Kalgoorlie in Western Australia, and comprises Exploration Licence E28/1997-I and Mining Lease M28/373-I.Project highlights include:
Metallurgical testwork demonstrating the ability to generate an 18% recovery (17Mt) of iron concentrate product grading 58% Fe, 6-7% SiO2, 5-6% Al2O3, <0.02% P and 1.6% LOI;
Various completed preliminary development studies;
Location close to infrastructure, including a multi-user railway line 25km away leading to the Port of Esperance;
Potential for other credits including 0.2% (4 pounds per tonne of hematite) Vanadium Oxide (V2O5); and
Exploration upside with potential to expand the existing resource base.
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Figure: Steeple Hill iron-rich alluvial channel thickness
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Please register and access MinesOnline.com for more information.