Kogi Iron Ltd. (AU:M4M) has released an update.
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Macro Metals Limited has reported the discovery of high-grade hematite at the southern extent of its Goldsworthy East Project, with promising assay results indicating significant iron ore potential. The area, remaining open to the west and largely unexplored, has yielded hematite scree samples with iron content as high as 65.04%. Following the withdrawal of BHP’s objection, the company is proceeding with the grant of the exploration license and is preparing for an upcoming drill program.
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