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Fortescue resource upgrade

FORTESCUE Metals Group has announced an increase to its Christmas Creek resource estimate to a total of 1.145 billion tonnes of iron ore, following recent queries from the Australian Stock Exchange regarding its reporting of resources. In order to avoid further ASX queries, Fortescue’s latest announcement makes clear that 587 million tonnes of the resource is indicated and 558mt is inferred under the JORC reporting code.

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