EMERGING laterite nickel miner Heron Resources has appointed Argonaut Capital to advise it in a review of its iron ore assets near Portman’s Koolyanobbing mine. The move is the latest indication of an iron ore spin-off from the lead partner in the Kalgoorlie nickel project. The assets include interests held by Heron in the J5 joint venture with Portman, the Onslow iron sands, Poondano and Ashburton detrital iron deposits. Heron indicated in its June quarterly report it was preparing its non-nickel assets for an IPO.
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