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Steel Guru reports that Iron Ore Holdings (ASX:IOH) has sold its North Marillana tenements in the Central Pilbara, Western Australia to Maiden Iron for up to AUD$7.75 million in cash and a royalty on the iron ore produced.
Steel Guru reports that Iron Ore Holdings (ASX:IOH) has sold its North Marillana tenements in the Central Pilbara, Western Australia to Maiden Iron for up to AUD$7.75 million in cash and a royalty on the iron ore produced.
As quoted in the market news:
The North Marillana satellite prospects are made up of 4 Mining Leases known as the Extension Tenements and two Exploration Licences, known as the Breakaway tenements. The Extension tenements contain a JORC Indicated Resource of 15.6 million tonnes at 54.0% iron with Native Title Agreements secured.
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