Iron Road Limited (ASX: IRD) – $0.150
27 Feb 2015
Iron Road Limited (ASX: IRD) has added 819 million tonnes to its Mineral Resource at the Central Eyre Iron Project located in South Australia (Figure 1).
Figure 1. Location of Central Eyre Iron Project
The Total Mineral Resource estimate now stands at 4.5 billion tonnes at an average grade of 16% iron. The Measured and Indicated categories make up 3.5 billion tonnes or 77% of the overall Mineral Resource.
The company has engaged the Thiess-RWE Joint Venture to complete the updated detailed mining model as part of the Central Eyre Iron Project Definitive Feasibility Study.
For further information, visit www.ironroadlimited.com.au
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