Australian Critical Minerals (ASX: ACM) Reports Outstanding Iron Ore Results from Pilbara Exploration
Australian Critical Minerals Ltd (ASX: ACM) has announced exceptional results from its ongoing exploration in the Pilbara region, solidifying its presence in the critical minerals and iron ore sectors. The company’s recent sampling initiatives at its Shaw and Cooletha Projects have revealed high-grade iron ore, showcasing significant economic potential.
Exploration at the Shaw Project focused on the western tenement area, targeting the Banded Iron Formation (BIF). The rock chip sampling program yielded remarkable results, with iron (Fe) grades peaking at 61.3% Fe and an average grade of 55.5% Fe. These findings confirm the presence of a substantial BIF unit stretching over 5 kilometers, strategically located near major mining operations such as the Abydos Mining Complex. This proximity to established infrastructure underscores the project’s strategic and economic value.
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30-Nov-2024 01:47 pm
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