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FMG on cloud nine

ANOTHER week, another billion tonnes for ambitious iron ore explorer Fortescue Metals Group, which has outlined a maiden resource of 390 million tonnes at the Cloud Break discovery, taking total resources at the Pilbara project to 2Bt.

Rebecca Keenan
FMG on cloud nine

Drilling at Cloud Break began last November and the initial resource is graded 58.4%, including a high grade zone of 116Mt grading 61% iron. FMG said it was now targeting a resource of 600-650Mt at Cloud...

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