RE: RE: RE: re: Redeye ~ conclusion20 Feb 2019 00:52
They were not as you put it "surface samples". From an RNS of 8 Jun 2015, these are the results:
A 'super' high grade magnetite concentrate, with over 71 per cent iron content and very low levels of deleterious elements (silica, alumina, phosphorous and sulphur) was produced.
· The 'super' high grade and purity of the magnetite concentrate produced are valuable attributes
for key target markets: pellets; Direct Reduction Iron ("DRI") facilities in Europe and the Middle East; and in chemical industry applications, with higher quality iron units benefiting manufacturing productivity with improved economy, and high purity delivering environmental benefits.
· The testwork results support the case for a significant price premium for 'Kallak super
concentrate' ("Kallak Super-con"), over and above much reported iron ore market benchmark prices. As a comparison, the 65 per cent iron content pellet price was on average $40 per tonne higher than the 62 per cent iron content price in 2014.
· High grade hematite concentrate with over 68 per cent iron content provides additional upside,
and potential use as sinter feed blend.
· All testwork was carried out at GTK in Outokumpu City, Finland ("GTK") on samples generated
from test mining at Kallak North in 2013. A magnetite product control sample was analysed by SGS Canada Inc. to validate the high grade results.