EXPLORATION & DEVELOPMENT

Strike striking while iron's hot

WITH 62% iron ore still trading strongly in the US$80-90 per tonne range, albeit down from recent peaks, Strike Resources continues to push ahead with plans to develop a direct shipping ore operation in Western Australia, yesterday increasing the confidence level in its Paulsens East deposit.

A rock chip from Paulsens East.

A rock chip from Paulsens East.

Recent drilling delivered a maiden inferred 9.1 million tonne resource grading 63.4% Fe, which has been upgraded to an indicated resource of 9.6Mt at 61.1 % Fe.   Most importantly, the ore is estimated...

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