08:27 AEST July 4, 2011 ABN Newswire (C) 2004-2011 Asia Business News PL. All Rights Reserved.
Sydney, Australia (ABN Newswire) -
Iron Road Limited (ASX: IRD) is pleased to announce a resource upgrade at the Central Eyre Iron Project (CEIP), with the Mineral Resources increasing in size from 1.23Bt to 1.33Bt. The upgrade comes as part of an ongoing mineral resource expansion programme at Murphy South.
The Mineral Resource estimate was calculated by Coffey Mining and is summarised in the table overleaf (see link at the bottom of the release).
With the establishment of over one billion tonnes in Mineral Resources at Murphy South alone, Iron Road continues to demonstrate the necessary size and scale of resource to underpin the capital required for a potential long life initial 12.4Mtpa high grade iron concentrate export operation and the development of associated export infrastructure.
Prefeasibility test work has demonstrated that at high quality concentrate grading 67% iron can be produced at Murphy South using a coarse grind size of -106µm. This product is suited as a high grade blast furnace sinter feed with low impurities.
For the complete Iron Road announcement including figures and tables, please refer to the following link:
http://www.abnnewswire.net/media/en/docs/547610.pdf
About Iron Road Limited:
Iron Road Limited (ASX: IRD) is an Australia-based company. The Company is engaged in exploration and evaluation of its iron ore ground holdings. Its projects include the Central Eyre Iron project, Gawler Iron project and Windarling Iron project. The Central Eyre Iron Project consists of three distinct prospects: Warramboo, Kopi and Hambidge. The Company focuses on establishing a resource inventory that underpins a 5 to 10 metric tons per annum (Mtpa) magnetite export operation. It contains magnetite-bearing gneiss units with a cumulative strike length. Gawler Iron project includes over ten areas of known iron occurrences, including the Mt Christie deposit. A total of 252 in-situ rock chip and grab samples from 10 localities at the West Gawler project returned an average grade of 53.4% Fe. The Company developed a stage plan of ground work on Windarling project.
Contact:
Andrew Stocks
Managing Director
Iron Road Limited
Tel: +61-8-9200-6020
Mob: +61-403-226-748
Email: astocks@ironroadlimited.com.au
http://www.ironroadlimited.com.au
