Seeking Alpha

Proactive Investor's  Instablog

Proactive Investor
Send Message
Proactiveinvestors is a leading multimedia news organization, investor portal and events management business with offices in New York, Sydney, Toronto and London. Proactiveinvestors operates five financial websites in four languages providing breaking news, comment and analysis on hundreds of... More
My company:
Proactiveinvestors
My blog:
Proactiveinvestors
  • Mindax Limited To Update Proposed JV At Mt Forrest 0 comments
    Jul 20, 2014 7:05 PM

    Mindax Limited (ASX:MDX) is preparing to reveal details of the outcome of negotiations on the proposed joint venture at the company's Mt Forrest iron ore project.

    Discussions have been continuing with the Hong Kong based Perpetual Mining Holding Limited.

    The project comprises seven mining leases and is located 165 kilometres from the southbound railway at Menzies and around 648 kilometres from the port at Esperance.

    Mindax has discovered and built a significant iron ore inventory in beneficiated magnetite and DSO materials.

    The current primary magnetite JORC Resource stands at 1.71 billion tonnes at 31.8% iron (248.2 Mt at 32.6% iron Indicated and 1,462.4 Mt at 31.6% iron Inferred).

    Recoveries from extensive Davis Tube Recovery (DTR) analysis are in the range 35-40% by weight and concentrate iron grades are of the order of 66-70% iron, 2.5-7% SiO2.

    The halt will remain on place until the opening of trade on Tuesday 22nd July 2014, or earlier if an announcement is made to the market.

    Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX "Small and Mid-cap" stocks with distribution in Australia, UK, North America and Hong Kong / China.

Back To Proactive Investor's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

More »

Latest Comments


Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.