The Board of Proto Resources & Investments Ltd (“Proto”, the “Company”) is pleased to announce that commercial scale iron ore samples are being taken from Proto’s 100% owned Barnes Hill mining license this week. These iron ore samples will be provided to domestic Australian and international iron ore off-takers.
The Barnes Hill mining licence comprises of Australia’s first iron ore mine as well as the Barnes Hill Nickel-Cobalt deposit on which a definitive feasibility study was completed early last year. Proto is steadily progressing through an established route to market for its planned nickel and cobalt products. However, given current market conditions, it is most likely that iron ore will comprise of the first saleable product from Proto’s Barnes Hill mining concession.
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