Centrex Metals has released the results of continuing resource evaluations which has increased the total Eyre Iron Resource to 668.4 million tonnes.

The Eyre Peninsula Joint Venture, of which Centrex Metals holds a 40% interest, has added a further 54.8 million tonnes of magnetite to its total Resource with the establishment of the Greenpatch Resource.

The latest evaluation covers the Greenpatch prospect with a 54.8 million tonne Resource established at an estimated magnetite recovery of 26.8% (DTR) and a concentrate grading 68.3% iron.

The resource evaluations are being completed by Eyre Iron, the management company of the Eyre Peninsula Joint Venture of which Centrex holds a 40% interest and Wuhan Iron and Steel Co (WISCO) holds the remaining 60%.

Further additions to the total Eyre Iron Resources are expected as exploration targets are drilled out.

(Sourced from proactiveinvestors.com.au)