Apollo Minerals Bumps Exploration Target in Gabon

Apollo Minerals (ASX:AON) has updated its exploration target at its Kango North iron project in Gabon, to between 2 billion tonnes and 3.5 billion tonnes, grading 30 to 40 percent iron, Steel Guru reported.

As quoted in the market news:

This has potential for near surface DSO grade iron mineralisation, warranting drilling to test its potential as a quickly developed, low cost and high profitability iron ore mine.

Final planning is underway for a drilling program to define Stage 1 JORC resources as key input into a Pre Feasibility Study while advanced discussions are underway with a number of parties interested in co-funding the next stage of development.

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