FerrAus Limited announced that its Pilbara Projects iron ore resources have increased by 16.1 million tonnes, importantly, the result improves the Indicated Resource base by 50.4 million tonnes.

This resource increase is a consequence of resource estimation work, conducted by Snowden Mining Industry Consultants, for the Dugite and Tiger Prospects during June 2011.

The Dugite and Tiger Prospects are located in the Davidson Creek Area on the prospective east west striking Marra Mamba Iron Formation, adjacent to and east of the Python, Gwardar and Taipan Resources.

The major outcome of extensive infill and step out RC drilling conducted early in 2011, is that the Dugite and Tiger combined resource has grown from 51.5 million tonne to 67.6 million tonne a net increase of 16.1 million tonne.

The result also delivers a comprehensive conversion of Inferred Resources to Indicated Resources, from 0.2 million tonne to 50.6 million tonne.

This mineralised Marra Mamba Iron Formation trend, containing all five iron ore deposits hosted within the Mount Newman Member is now a 10 kilometer long zone of continuous iron ore enrichment, comprised of approximately 212 million tonnes of iron ore resources.

(Sourced from ABN Newswire)