Australia-based
iron ore producer Admiralty Resources has announced that it has increased its
iron ore resource estimate for its Mariposa
iron ore project in
Chile to 174.5 million mt from 87.8 million mt.
Following the doubling of the
iron ore resource estimate at Mariposa, the total
iron ore resources in Harper South District amount to 264.7 million mt, including 90 million mt of resources at Soberana.
Admiralty Resources stated that the increase in
iron ore resources has brought the company closer to production.