Christmas Creek holds billion for FMG

FORTESCUE Metals Group has released revised estimates of its Christmas Creek iron-ore deposit in the Pilbara that lift the ore body’s resource by 56 per cent to 1 billion tonnes. The drilling results have also increased the resource’s average in-ground iron content to 58.02 per cent from the previous average of 56.8 per cent. The FMG report also says 273 million tonnes has been classed as direct-ship high grade material, with an average grade above 60 per cent.

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