yligarn consolidation

An article in todays Financial review on Jupiter's Tshipi manganese project acquisition. A decision to mine is expected within months. While progressing Tshipi will be a focus for the company, the article states that the deal means the company man turn more attention to its iron ore assets in the Yilgarn. Mr Gilbertson sees potential to start exporting haematite iron ore from the region at a relatively low capital cost using existing infrastructure. The key would be accumulating sufficient reserves, he said. Consolidation talks with other companies operating in the area were continuing.

Jupiters Mt Ida has a resource target of 1-1.3billion tonnes at 30-40%Fe. Mt Mason has a JORC of 5.75Mt at 59.9%Fe, im not sure what the resource target is. Hawthorn doesnt have a resource target. Out of Jupiter, Hawthorn and Mindax, it appears Mindax has the larger DSO target of 75-105MT and a target of 2.5-2.8 billion tonnes of magnetite which makes it a prime acquisition target for Jupiter. The chances of Mindax getting their project to production appear fairly good considering their neighbours intentions to also get their project off the ground and the big financial backing they have. The next few months should be interesting once Mindax has a higher DSO resource at a JORC stage. Mindax has always stated that its intention is to get to production on its own but regional consolidation also looks likely.