InterMet (ASX:ITT) has confirmed high grade iron at Mt Ruby, South Australia, with results of 62.3 to 68.7 per cent iron.
All samples taken were low in phosphorous and aluminium.
All but one of the 18 samples collected returned grades above 65pc iron.
InterMet is planning a heli-mag survey to assist in further defining the mineralisation and the dip of mineralisation.