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Afternoon Helixers,

Excerpt from IOH's recent ann' concerning mine gate sales agreement with Rio.

"Iron Ore Holdings (IOH) is pleased to advise that it has entered into an arrangement with Rio Tinto for an annual mine gate sale of up to 1.5 million tonnes of iron ore from a new mine to be developed at Phil’s Creek, north west of Newman.
The Phil’s Creek deposit comprises 8.3 million tonnes of Indicated Mineral
Resources grading 58.1%Fe, reported in accordance with the 2004 JORC code.

Following the confirmation of the feasibility of developing the Phil’s Creek deposit, the mine would be owned and operated by IOH, and Rio Tinto would purchase the supplied ore and blend it for sale to its customers. IOH would deliver the ore to Yandicoogina stockyard where Rio Tinto would assume ownership and accommodate it on its integrated rail and port system."

Interesting possibilities for API JV with Mesa J sitting square in the middle and only 30 k's from us?

<blockquote data-quote="jtb" data-source="post: 319269" data-attributes="member: 5711">Afternoon Helixers,Excerpt from IOH&#039;s recent ann&#039; concerning mine gate sales agreement with Rio.&quot;Iron Ore Holdings (IOH) is pleased to advise that it has entered into an arrangement with Rio Tinto for an annual mine gate sale of up to 1.5 million tonnes of iron ore from a new mine to be developed at Phil’s Creek, north west of Newman.The Phil’s Creek deposit comprises 8.3 million tonnes of Indicated MineralResources grading 58.1%Fe, reported in accordance with the 2004 JORC code.Following the confirmation of the feasibility of developing the Phil’s Creek deposit, the mine would be owned and operated by IOH, and Rio Tinto would purchase the supplied ore and blend it for sale to its customers. IOH would deliver the ore to Yandicoogina stockyard where Rio Tinto would assume ownership and accommodate it on its integrated rail and port system.&quot;Interesting possibilities for API JV with Mesa J sitting square in the middle and only 30 k&#039;s from us?</blockquote>

[QUOTE="jtb, post: 319269, member: 5711"] Afternoon Helixers, Excerpt from IOH's recent ann' concerning mine gate sales agreement with Rio. "Iron Ore Holdings (IOH) is pleased to advise that it has entered into an arrangement with Rio Tinto for an annual mine gate sale of up to 1.5 million tonnes of iron ore from a new mine to be developed at Phil’s Creek, north west of Newman. The Phil’s Creek deposit comprises 8.3 million tonnes of Indicated Mineral Resources grading 58.1%Fe, reported in accordance with the 2004 JORC code. [B]Following the confirmation of the feasibility of developing the Phil’s Creek deposit, the mine would be owned and operated by IOH, and Rio Tinto would purchase the supplied ore and blend it for sale to its customers.[/B] IOH would deliver the ore to Yandicoogina stockyard where Rio Tinto would assume ownership and accommodate it on its integrated rail and port system." Interesting possibilities for API JV with Mesa J sitting square in the middle and only 30 k's from us? [/QUOTE]

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