INVESTMENT – India’s NMDC backs Legacy Iron Ore

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.

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IRON - Baobab secures 60% Monte Muande share

An initial drill program at Baobab Resources’ Monte Muande magnetite-phospate joint venture in Mozambique’s Tete province has confirmed promising iron grades. The company has spent US$625,000 on the drill program to secure a 60% interest in the project.

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IRON ORE – Carpentaria signs MOU for Port Pirie exports

Carpentaria Exploration says it has boosted the viability of its $3.2 billion Hawson’s iron project by signing a Memorandum of Understanding (MOU) with Flinders Ports to provide long-term handling, storage and loading solutions for iron ore exports via Port Pirie.

The MOU allows for the establishment of a common user facility at the South Australian port, capable of annually exporting 20 million tonnes of iron ore via a barge-style operation.

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KAZAKHSTAN - Maiden NI 43-101 report for Shirotnaia

Alhambra Resources has announced a maiden NI 43-101 technical report for its Shirotnaia gold deposit in north central Kazakhstan. The project is one of three advanced exploration areas the company is exploring within its 9800sqkm Uzboy gold project.

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