As previously released on the 26 April 2007, the Company has completed a rock chip surface sampling programme, based on a large aeromagnetic feature and reconnaissance mapping within the tenement. This exploration target is considered by the company to be over 8000m by 500m in size. Based on an inferred width of 40 - 50m, to an arbitrary depth of 100 metres and an assumed specific gravity of 3, gives an interim exploration target of 96 - 120 million tonnes of iron ore material
PSP Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
