Centaurus Metals Ltd announced that completed beneficiation test work for its Passabem Iron Ore Project in south-east Brazil shows that hematite product averaging 67.4% Iron (Fe) with low impurities can be produced using a low-cost magnetic separation process. The results support Centaurus’ strategy of beneficiating its itabirite-hosted iron ore deposits in Brazil to produce a high-quality, high-grade product for sale to the domestic steel industry.
Centaurus Metals announced a substantial increase in the JORC compliant resource for its 100%-owned Passabem iron ore project in south-east Brazil to 39 million tonnes grading 31.0% Fe.
Centaurus Metals announced assay results from the last two holes drilled in its recently completed diamond drilling program at the Passabem Iron Ore project in south-eastern Brazil. Highlights include hole PSB-DD-0012 which intersected 16.7 m at 34.3% iron, from 31.2 m.
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