Baobab's Massamba Group resources upgraded

  • Wednesday, August 31, 2011
  • Source:

  • Keywords:iron ore
[Fellow]
Baobab Resources has unveiled a new resource update at the Tete iron ore project in Mozambique.
 
Baobab said the South Zone, which is part of the group’s primary target known as the Massamba Group trend, now has a 113 million tonne inferred mineral resource.
 
This new resource takes the group’s total resource beyond the 160 million tonne marker.
 
MD Ben James said: "This excellent outcome from the South Zone drilling campaign is above expectation and reinforces our belief in the prospectivity of the whole district. 160Mt is the tipping point to our milestone 300Mt.”
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