Central Iron Ore Ltd announced that diamond drilling has now been completed at the Walling Rock Project, which is a part of the Company's Perinvale South Iron Ore Hub in Western Australia. The Company drilled two holes in this program.

The aim of drilling was to provide the Company with samples for initial metallurgical test-work for this project. The test-work is aimed at prioritising the various options for upgrading the magnetite ore by a combination of magnetic separation and screening. Results from this test-work are anticipated in the first quarter of 2013.

Yilgarn Iron Ore Project Area
The Company now has a total of 16 iron ore tenements, covering 1,594km2, located within the Yilgarn Iron Ore Province in Western Australia, of which ten tenements are granted and six tenements are pending applications. The Yilgarn IOP is considered highly prospective given its history of large scale iron ore production, with the Cliffs Natural Resources Ltd owned Koolyanobbing operation (formerly operated by Portman Limited) currently producing at a rate of approximately 8Mtpa of Direct Shipping Ore. The Yilgarn IOP is increasingly being recognised as an attractive location for the development of iron ore projects, given its proximity to rail and access to ports.

Source - Central Iron Ore

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