FMG reaches reserve status

AMBITIOUS iron ore play Fortescue Metals Group has defined over 1 billion tonnes of reserves for its Christmas Creek and Cloud Break deposits in the Pilbara with 359Mt defined as high grade, direct ship ore.

FMG reaches reserve status FMG reaches reserve status FMG reaches reserve status FMG reaches reserve status FMG reaches reserve status

Snowden Mining calculated a probable ore reserve of 1.07 billion tonnes, comprising Christmas Creek (619Mt) and Cloud Break (447Mt), and representing a conversion rate of 77% from resource to reserve.

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