Admiralty Resources NL (AU:ADY) has released an update.
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Admiralty Resources NL announced the Mariposa Iron Ore Project in Chile has entered the pre-production phase, with significant infrastructure and transmission line improvements, and has begun stockpiling iron ore at the port. Admiralty is targeting the project’s first iron ore shipment for early November 2024, following successful testing that has accumulated 30,000 tonnes of ore with an average of 66% iron content. The company plans to update the market as the project advances towards full-scale production and shipping.
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