Tuesday 2 December 2014

Otmane El Rhazi : Radar sells non-core assets in Yilgarn

Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.



ASX-listed Radar Iron has sold its Johnston Range hematite and Die Hardy magnetite projects to fellow-listed Padbury Mining in a transaction worth A$500 000. The company was divesting of its core assets to fund the development of the Yerecoin magnetite project, in Western Australia, which hosts an inferred resource of 146.5-million tons grading 68.8% iron and 2.8% silicon dioxide.

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