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Additional information
Additional Information
Market: ASX
Sector: General Mining
Epic: ASX:RLL
News: Latest news
Web Site: Reedy Lagoon
Other Articles: 09-03-2009

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Thursday March 18, 08:01SmartFocus, Amphion Innovations and National Milk Records confirmed for March 18 Forum

The presentations will start at 6:00pm and finish at approx 7:30pm. After the presentations are complete the directors will also be available to take questions during a free canapé and wine reception.

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Thursday March 18, 01:14Cisco remains at the forefront of internet infrastructure

The stock has recently managed to breakout above the long term resistance found at the $25 level which should now provide support for any pullback before the share price drives higher

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Monday March 15, 08:01China's growth boosting commodity prices

The latest economic figures from China have put pressure on the dollar and boosted a number of high-yielding currencies, including the Australian dollar and the South African rand.

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Reedy Lagoon

Reedy Lagoon

Reedy Lagoon's primary focus is the Bullamine Iron Project in Western Australia. The company is also targeting uranium at the Tanami Project in the Northern Territory, and uranium and copper on the Gawler Craton in South Australia.

Monday, March 09, 2009

Reedy Lagoon encouraged by iron assays at Bullamine, WA

Reedy Lagoon (ASX:RLC) has advised that assay results from selected samples of drill cuttings from the RC drilling conducted at the Cleansweep target in November 2008 show iron content of about 30% with low impurities.

The drilling, reported on 11 December 2008, comprised 13 RC holes each to nominal 60 metres down-hole depth for total 803 metres. All holes were drilled dipping 60 degrees towards 245 degrees azimuth. Outcropping exposures of the target banded iron formations (“BIFs”) generally indicated a steep easterly dip, however modelling of magnetic data after completion of the drilling indicated a steep westerly dip.

Cuttings from selected one metre intervals were submitted for assay. XRF analysis of 157 of these samples detected grades of 20% iron or higher and low phosphorous.

The Company believes the above assay results are sufficiently encouraging to undertake additional sampling to determine the parameters and characteristics of iron concentrates that can be produced.

The Bullamine project is located 70 kilometres northeast of Perth. Exploration is being conducted for near surface iron mineralisation to form the basis for a low cost shallow open cut mining operation for magnetite. Numerous targets, with a combined strike length of 58 kilometres, have been identified within the project area. Banded iron formations, comprised of magnetite and silica layers, can be processed by crushing and magnetic separation, to produce a saleable iron concentrate.

A number of parameters, including presence or otherwise of impurities, volume, grade, depth, crush and liberation characteristics of the mineralisation impact on the cost and therefore viability of producing a concentrate from magnetite mineralisation. The short distance, 90 kilometres, to bulk cargo facilities at Fremantle Ports’ Kwinana facility south of Perth and existing rail link are significant attributes of the project.

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