Location:
Australia, Western Australia
Nearest Landmark:
KUMINARA
Distance from Landmark:
50 km
Direction from Landmark:
East
Latitude:
N/A
Longitude:
N/A
Emergent Resources announced that a Subscription and Option Agreement has been signed in Beijing by the Company and the State Owned Enterprise (SOE), China Metallurgical Investment Co Limited (CMIC) to proceed with the previously announced share and option placement in Emergent and A$200 Million 50:50 Beyondie Development Joint Venture to achieve the commencement of mining operations with an initial targeted production of 3Mtpa of magnetite concentrate.
Emergent Resources announced that it has completed its phase III, resource expansion drill program at the Beyondie Magnetite Project in Western Australia’s mid-west iron ore region. Half of the results have now been received (from 28 of the 56 RC holes; BDC048 to BDC075 inclusive totalling 4,789 m (roughly 50%). Highlights of the latest intersections show consistency of grade for the envisaged bulk mining operation, including 135 m @ 27.63% Fe from surface in hole BDC065.
De Grey Mining announced that it has entered into a sale and purchase agreement with Emergent Resources relating to the Company’s interest in the Beyondie Iron Ore Joint Venture, Western Australia.
Advanced or Above