Ferrowest shares up on deal change

FERROWEST shares spiked nearly 30% on news China’s Sichuan Taifeng Group will proceed with its 66.7% joint venture interest in the Yalgoo iron play based on a revised schedule that will incorporate separate developments at the Yogi and Eradu deposits.

Ferrowest shares up on deal change Ferrowest shares up on deal change Ferrowest shares up on deal change Ferrowest shares up on deal change Ferrowest shares up on deal change

Sichuan will now fund a $A20 million program to secure a 66.7% stake in Yogi and plans to investigate tripling the proposed magnetite concentrate production rate to 4.

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