|Yarram has a high-grade DSO resource of 5.6MT @ +60% Fe using a 55% Fe cut-off and also contains low grade component of 7.1Mt that has the potential for upgrading/beneficiation.
Overall Inferred Mineral Resource of 12.7 Mt at 55.4% Fe using a 48% Fe cut-off.
Two distinct types of iron ore enrichment are observed at the Kraken and Captain Morgan deposits. Surface enriched lower grade lateritic duricrust overlying the higher grade mineralised brecciated siltstone.
The deeper higher grade hematite replacement style enrichment hosted within the highly weathered brecciated siltstone is the most dominant style of mineralisation at the Kraken and Captain Morgan deposits.
Refer CUF Announcement dated 28th February 2023 – Maiden Yarram JORC Mineral Resource