Allright, Guys...another IPO (at least not a uranium one...shivers).
This is from the website :
IronClad is a new company formed to further advance the exciting Wilcherry Hill iron project in South Australia.
Wilcherry Hill is an advanced iron ore project with a JORC compliant resource of 44.8 Million tonnes with average grade of 36.4% Iron (Fe). The project has an exploration target potential in the range of 300 to 600Mt of iron-rich, magnetite-bearing material.
An independent desktop study, completed in March 2007, concluded that production of 2 Million tonnes per annum of iron concentrate has the potential to be economically viable with relatively low capital and operational costs - compared with other magnetite operations throughout Australia.
Anyone else from ASF on this one?