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Mining Weekly reported BC Iron (ASX:BCI) has reported a 25% increase in the direct shipping ore (DSO) resource estimate at its Nullagine joint venture grading 57% iron.
Mining Weekly reported BC Iron (ASX:BCI) has reported a 25% increase in the direct shipping ore (DSO) resource estimate at its Nullagine joint venture grading 57% iron.
As quoted in the market news:
The updated resource estimate resulted from an in-fill drilling programme at the Bonnie East deposit, completed in late 2011.
The miner said in a statement that as a result of the upgrade, a mining study was under way to extend the mine life of the Nullagine project, as well as to improve the project economics.