Extracts from earlier ASX releases; '300kg of high grade magnetite from Munderra project sent to Perth for metallurgical testing • Tests to focus on project’s potential for Direct Shipping Ore • Surface sampling graded up to 69% Fe, averaging 65% Fe' Reference to Paddy's; 'InterMet believes the magnetite bodies in the Paddy area possibly represent small (up to 20Mt) but very high grade deposits that should only require relatively simple processing and representing potential direct shipping ore (DSO).' Sample results should be returned in June & my guess would be they targeting 30 to 40mt from the various prospects in the area
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