New discovery boosts Fortescue

SHARES in Fortescue Metals have jumped more than 26% on the maiden resource of a new iron ore discovery in its Solomon project area in the Pilbara, with executive director Graeme Rowley saying it could rival the company’s Chichester Ranges project.

New discovery boosts Fortescue New discovery boosts Fortescue New discovery boosts Fortescue New discovery boosts Fortescue New discovery boosts Fortescue

The release of an inferred resource of over 1 billion tonnes for the Serenity area. which covers one-third of Solomon, prompted FMG's shares to surge to an all-time high of $64.