- Published: Monday, 02 April 2012 09:59
- Written by ASIA Miner News
Australian explorer Legacy Iron Ore has received the backing of one of India’s major iron ore and bulk commodity companies. NMDC has invested almost Aus$19 million in Legacy’s Mt Bevan project where exploration has resulted in a JORC compliant resource of 1.6 billion tonnes @ 30.2% iron (with a 25% iron cut-off grade).
Mt Bevan is about 100km west of Leonora in the central Yilgarn region of Western Australia. It’s considered to hold significant potential for the definition of substantial DSO hematite and magnetite iron resources that are located close to existing road, rail and port facilities.