Australia-based iron ore explorer Baobab Resources has announced that it has completed the pre-feasibility study for its Tete iron ore project in Mozambique.
The estimated resources in the project have increased to 725 million mt, up 60 million mt compared to the previous estimates, bringing the indicated resources to 152 million mt in total.
Baobab Resources also announced that the definitive feasibility study for the project commenced in early February this year.