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impala_group

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Good start for this new comer....Just to start this off i think the Warramboo Project can be huge.


Some analyses showing concentrate iron grades ranging from 70.0% to 70.9%with an average of 70.4%. By industry standards this grade of iron is almost pure Gold.

Check this out....

The six drillholes tested three magnetic targets termed Murphy, Dolphin and Collins. Substantial intervals of magnetite-bearing gneiss were intersected in all six holes. At the Murphy Target four holes were drilled on a single section across a magnetic anomaly with a strike length of approximately 1.5 kilometres. Drill hole RCWMB-1 intersected significant width and grade magnetite mineralisation including an upper interval of 41 metres at 24.2% iron followed by a second interval of 53 metres at 21.6% iron. The two zones were separated by a 14 metre interval of non-mineralised material. At the Dolphin Target magnetite-bearing intervals in a single hole included 24 metres at 17.8% iron and 18 metres at 19.8% iron.

What do the panel of experts think on this one??
 
Re: Iro Road's debut

I'm not sure but that 70 percent might only be an average of the current results? Maybe the few holes they drilled were lucky? Seems like a good bargain if they have substantial amounts of iron. I vaguely remember FMG having an iron percentage of 7 - 10 percent? Not sure.

Summary: Could be a bargain, but I'll sit this one out for now.

DYOR
 
The six drillholes tested three magnetic targets termed Murphy, Dolphin and Collins. Substantial intervals of magnetite-bearing gneiss were intersected in all six holes. At the Murphy Target four holes were drilled on a single section across a magnetic anomaly with a strike length of approximately 1.5 kilometres. Drill hole RCWMB-1 intersected significant width and grade magnetite mineralisation including an upper interval of 41 metres at 24.2% iron followed by a second interval of 53 metres at 21.6% iron. The two zones were separated by a 14 metre interval of non-mineralised material. At the Dolphin Target magnetite-bearing intervals in a single hole included 24 metres at 17.8% iron and 18 metres at 19.8% iron.

The iron grades at Murphy and Dolphin are demonstrative of a magnetite content of the order of 25 percent comparable to the grade of a number of operating North American iron ore mines.

Metallurgical testwork involved the extraction of magnetite concentrates from eighteen composite samples each representing mineralised intervals of between 7 to 12 metres from four separate drillholes at Murphy and Dolphin. The 18 composites were crushed and ground to the particle size typically required in commercial operations producing iron ore pellets. Sub-samples of the ground material were sent to two separate laboratories for testing in duplicate. Amdel Laboratories retained one sub-sample while the second was sent to Australian Bulk Minerals (ABM), the operators of the Savage River mine in Tasmania. At both the Amdel and ABM laboratories magnetite was concentrated using Davis Tube magnetic separators and the resulting magnetite concentrates analysed for iron and a suite of potentially deleterious elements.

Most encouragingly, Amdel’s 18 analyses showed concentrate iron grades ranging from 70.0% to 70.9% with an average of 70.4%, while the ABM duplicate results ranged from 69.7% to 71.4% with an average of 70.3%. By industry standards this grade of iron in magnetite concentrate is excellent. Results for other elements determined also showed an excellent comparison between the two laboratories and the independent testing of the material in duplicate provides a high level of confidence in the test procedures and results.

Equally encouragingly, Midrex Corporation, who were asked to comment on the overall concentrate chemistry, have advised that the contents of elements which could prove deleterious in the DRI process fall well within the limits of acceptability. These elements include silica, alumina, alkalis, titanium, phosphorous and sulphur.

:D
http://www.adelaideresources.com.au/projects/warramboo IP.htm
 
Re:HAD AREALLY GOOD LOOK AT THEM...WAITING

Had a good look at the ipo & i think there will be chances later on to get in much cheaper...tb:D
 
Lads the Sentient boys that are the cornerstone investor know their ****- check out their website- they have helped AND, QGC and RIV amongst others from babies all the way through.

The Sentient Group are worth following.....

Hopefully some bullish statements about the drilling program aren't far away. Agree there might be a slightly cheaper entry point....Reassuring that drilling has already been done on the site
 
A good gain today just short of the resistance, pleanty of buyers as well: infact the highest i think since listing.

Anyone aware of anything cutting with these guys i.e the drilling program etc??

:)
 
impala_group said:
i think so as well, will keep an eye on it and see how we go from here!!
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Tigerboi, i hope you are right coz IRD hast just been gaining well in the last couple of days.

Any ideas on whats the rush with these numerous buyers?? I took a profit a good one at that but wish i had held on for a bit longer (in experience).
 
Does anyone know how to find out what the percentage of "Smart investor" are as I'm keen on finding how many shares are left. If it is already tightly held this would be a nice one to get into. Lot of insto support
 
iron road are expected to release a maiden jorc inferred resource at the Warramboo Iron Project (South Aust, targetting 60-80Mt magnetite) this month (july) after a 35 hole, 7,200m stage 2 RC drilling program

expected Fe grade (concentrate grade 70.3% Fe average)

the drilling to date has been at the boo-loo and collins project within the Warramboo project

there are still other targets within the waramboo project area, including at murphy-dolphin (boo-loo contained therein) area as well as the seperate kopi project and hambridge project areas S of warramboo

so far only 1.8km of 50km strike length drilled

cheers :)

another quality post brought to you by happytown inc
 
looks like the maiden jorc resource estimate will not be released this month, as fom their 4th qtr activities report ann today,

...

A resource estimate is currently being prepared following the guidelines of the JORC (2004) Code by Coffey Mining. An announcement of the results of this estimate is expected to be made during the next few weeks

...
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cheers :)

another quality post brought to you by happytown inc
 
maiden jorc resource estimate out this morning

targetting 60-80mt magnetite

result:

110Mt JORC compliant Inferred Resource estimate report at the Warramboo Iron Project in South Australia

...
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cheers:)

another quality post brought to you by happytown inc
 
I was in line to buy some options earlier in the week but i didnt want to pay the 8c ask at the time. Lol, kicking myself now, the horse has well and truly bolted now.
 
only up a lazy 100% today (heads that is)

will be interesting to see the exploration target as this maiden jorc resource estimate only covers 1.8km of 50km strike length (as previously posted)

2 other fe co's reporting jorc upgrades this month

cheers :)

another quality post brought you by happytown inc
guilty your honour ... of another 100%+ return
 
YELNATS said:
Who might these be ht?

...
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yelnats they might be fms and ioh

fms is overdue - its the maiden jorc resource for ajax (approx 90Mt expected based on exp target) and a general jorc upgrade as a result - see fms thread

ioh is due to report a jorc resource estimate upgrade for iron valley this month

i wouldn't expect either to produce 100% sp rises on the anns

indeed fms may come under some selling pressure due to the recent .053 spp (currently @ .059 and as i said overdue for ann release - was expected end of july)

ioh had an approx 10-15% sp increase at their last iron valley jorc resource upgrade couple of months back

there is a thread in the commodities forum titled 'upcoming resource upgrades 'n' drill results' which i update irregularly

cheers :)

another quality post brought to you by happytown inc
 
Hi, is it too late to buy this share now?
Any chase it'll go up in the next few week?
Or will it drop back to 0.30-.040 something and should I wait until then?

Sorry to ask these kinds of question. I'm new to share trading and not sure if I should purchase something that has risen so dramatically in a day or should I wait.
 
Lydias,

It is against ASIC rules for members to give financial advice. These are questions you need to ask yourself and base the answers on your own research.

Go and look at what has happened to other co's in this situation.

Prawn
 
Besides the cost of getting it out of the ground, what is the difference between 70% DSO Fe and the 70% Iron concentrate Iron Road will produce? I know DSO you pretty much dig it out and ship it out but are there any other differences?
 
ann out this morning on massive mag exploration target, just for warramboo, stated as 4Bt

...

Independent interpretation suggests an exploration potential of 2.8 - 5.7 billion tonnes of magnetite gneiss at the Warramboo project in South Australia.

Exploration targets prioritised to assist planning of future drilling campaigns.

Magnetic anomalies indicate potential for +95km cumulative strike length of magnetite gneiss over project area.

Substantial target suggests potential for necessary project size and status to justify a standalone export operation.

Target marks completion of the initial development evaluation and commencement of the early pre-development phase.

Strengthening potential for Warramboo to be one of the major magnetite iron ore projects currently under review in Australia

...
Click to expand...
cheers :)

another quality post brought to you by happytown inc
 
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