Railway resource boosts UMC

UNITED Minerals Corporation has reported an initial JORC inferred resource of Marra Mamba direct shipping iron ore (DSO) at the Railway prospect within the Pilbara iron ore project, with investors welcoming the news.

Railway resource boosts UMC Railway resource boosts UMC Railway resource boosts UMC Railway resource boosts UMC Railway resource boosts UMC

Perth-based United Minerals has jumped A23c (10%) to an intraday high of $2.50 in morning trade after the company announced a total maiden inferred resource of 111.3 million tonnes at 57.

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