magnetite must be thick, in large quantities, which is why MAK...

magnetite must be thick, in large quantities, which is why MAK disposed of Southdown

GRR's Southdown deposit averages 81m thick where as MAK only found magnetite at 5m or so thick & deep. this is not economic

as for the Constance Range deposits, these seemed to been drilled or scoped by BHP but basically ignored. the Constance Range deposits are labelled 'A', 'B', 'C', etc and the one's AKA have appear to not have recorded JORCs, so possibly BHP thought they are were unworthy. the grade is low and i recall the top cover must be removed [dyor]

then the other iron ore project is just a magnetite formation, which can be found in the old exploration reports on WAMEX website site. currently, mid-west magnetite is worthless and companies such as FEL have millions of tonnes of it

so, imo, only the alumina kaolin has value and can be a big earner for AKA if they get it together

i previously held 350,000 options but sold them because the kaolin progress seems slow & the technology immature

but if & when they get the kaolin up, AKA can realise value

again, the stars must align given koalin is not something rare. the project must have good technology, low opex and good product

personally, i was very impressed with the information so far, which is why i held for the koalin

imo