INFRASTRUCTURE ACCESS-PORT & RAILRoyal has MOU with Flinders Port Pty Ltd to investigate port options; And HOA with Genesee and Wyoming Australia Pty Ltd to investigate rail options.
NATIVE TITLE AGREEMENTNative Title Mining Agreement was signed with the Ngadjuri Nation Native Title Claim Group covering the Razorback Iron Project Area..
WHY MAGNETITE AND WHY NOWMagnetite currently attracts a $5/%Fe/t premium over the reference fines price.
LOW GRINDING AND POWER COSTSRazorback will produce a clean, high grade concentrate.
LOW STRIPPING RATIOpotential for stripping ratio of close on zero initially.
RAZORBACK JORC RESOURCEExploration activities within the Red Dragon Project area has defined a JORC Inferred Resource of 568.6 Million tonnes at 25.6%Fe.
HUGE TONNAGE POTENTIALAn exploration target potential of 4 – 8 Billion Tonnes at 18 – 45% Fe.
Share Capital14 August 2012
Issued Capital (ROY) 335,653,030
Listed Options (ROYOA) 34,742,988 (exercisable at $0.12 expiring 31 October 2013)
Unlisted Options 26,255,000 (exercise prices range between $0.08-$0.55) Fully Diluted 396,551,018 Share RegistryComputershare Investor Services Pty Limited GPO Box D182
Perth WA 6840 Tel: 1300 557 010
Fax: 08 9323 2033 |
