Royal Resources Limited, an Australia-based mineral exploration company exploring for iron ore in South Australia and Western Australia, announced on September 22 that drilling has commenced at its Razorback iron ore project in Adelaide, South Australia.
The Razorback Project which is divided into two sub-projects (the northern Red Dragon Project and the southern Pualco Project) covers over 1,450 square kilometres of exploration tenement. The projects resource has increased to 568.6 million mt at 25.6 percent Fe. Royal is targeting a resource of 1,000 million mt of resources. A pre-feasibility study of the reserve is expected to be finalised by the end of 2011