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Black Iron's Matt Simpson discusses 'spectacular' revised PEA for Shymanivske

Matt Simpson, chief executive of Black Iron Inc (TSE:BKI), talks through their the new preliminary economic assessment (PEA) for the Shymanivske iron ore project in Kryviy Rih, in Ukraine.

'The numbers are spectacular', Simpson says.

The assessment from BBA Inc outlines a first phase operation producing 4Mtpa of ultra high-grade, low impurity, 68% Fe concentrate expanding to 8Mtpa starting in the fifth year of production.

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