Friday, 30 Sep 2011
Centrex Metals a significant discovery of more iron ore at its deposits on Lower Eyre Peninsula should help boost the prospects for mining in the region.
The company says an extra 135 million tonnes of magnetite has been found at its Fusion project.
Mr Jim White Managing director says it helps establish a critical mass for other projects in the region. He said that "We will now go and do some more drilling to confirm these resources and to add more certainty so we're still some way away from a mine, which I think it's important to realise. But nonetheless this is a step towards a mine."
(sourced from abc.net.au)
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