Centaurus reports 65% increase at Jambreiro

23 October 2011 | 12:55 Code : 20824 Geoscience events
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slipped back to 72 cents after rising to 78 cents Thursday, on news of a positive....

slipped back to 72 cents after rising to 78 cents Thursday, on news of a positive resource estimate from its flagship Jambreiro iron ore project in Brazil.Perth-based Centaurus reported a 65% jump in iron ore from Jambreiro, to 117.5 million tonnes grading 26.8% Fe.Of the total resource, 72.1 million tonnes grading 27.6% Fe is in the measured and indicated category.Centaurus said the new numbers will provide a platform for a prefeasibility study which is expected to be finalized in November. The study will be predicated on a 2 million tonnes per annum operation producing +65% Fe products to be sold to local steel mills.


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