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BeMaX boosts global resources to 40Mt HM

BEMAX Resources has increased the heavy minerals resources estimate for its joint venture properties in the northern Murray Basin to 40 million tonnes of HM, 21% higher than the previous estimate given in the company's 2001 annual report.

Greg Tubby

The explorer said the estimates were based on all drilling completed to the end of 2001 and 1% HM cut-offs. "Several deposits remain open and, therefore, additions to the 40 million tonne HM global...

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