Eastern Iron – Iron’s New Horizon
Eastern Iron Limited (ASX: EFE) is an advanced Iron Ore exploration Company with near-term development and production potential. Eastern Iron is currently focused on assessing the development potential of the high grade magnetite resource at its flagship 100%-owned Nowa Nowa Iron Project in eastern Victoria. Wholly owned Eastern Iron subsidiary, Gippsland Iron Pty Ltd, has 100% interest in the Nowa Nowa Iron Project. For further project details, click here.
In addition, the Company maintains a portfolio of iron ore assets, with two large scale, lower grade deposits with defined JORC compliant resources, in Central Queensland.
At present, the company’s primary focus is to complete the feasibility study at the Nowa Nowa Project, which remains on track to be finalised by the end of 2013.
Eastern Iron’s share price