Scoping Study In for Rocksteady Iron Project

Steel Guru reports that Mutiny Gold (ASX:MYG) has completed a scoping study for its Rocksteady Iron Project in Western Australia.

As quoted in the market news:

With Rocksteady producing iron within the next year, it could just one of a number of boutique hematite iron mines developed at Gullewa given the iron ore endowment on the tenements. The grade of iron at Rocksteady is sufficiently high to very likely ensure high profit margins for the project working on a current price for 52% iron product is USD 79 per tonne to USD 100 per tonne.

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