Australian miner Aquila Resources Limited announced on September 9 that its 50 percent-owned West Pilbara joint venture project's iron ore resource has increased to 1.223 billion mt.
According to an Aquila Resources statement, the iron ore resource level previously reported as 927 million mt in West Pilbara increased by 296 million mt after the maiden mineral resource estimates were completed for the Weckl and Buckland Hills deposits in the Mt Elvire Project. Aquila Resources also noted significant potential to further expand channel iron deposit, detrital and bedded iron deposit mineral resources.
The feasibility study for the project is completing to support the funding of the first stage development. The results of the study will be announced in early Q4 2011.