BRA Mine - Iron

We have a large concession of 1.700 hectares in a rare and little known iron district in Brazil with favourable logistics. We conducted two surface geological reconnaissance surveys in the area where we found a mid sized mid grade iron ore outcrop, possibly having a much larger dimensions covered by sedimentary material. We also found sizable outcrop of iron rich granulates which needs further metallurgical studies.

Research in material from the Brazilian geological survey indicates the existence of a large BIF iron ore formation and sizable magnetic anomalies.

We are also surrounded by other latter stage mid grade and high grade sizable outcrops which we could partner in its development at a low acquisition cost.

Furthermore the concessions are surrounded by Rio Tinto claims cementing the probability of an economically feasible mine.