Reserve
Fortescue Metals' (ASX:FMG) future Solomon Hub project is getting an estimated 716 million tonnes of iron ore reserves. The Perth-based group has also announced that this figure is expected to double over time.
In a Friday statement, Fortescue said, "The reserve was estimated from a measured and indicated resource of 858Mt and a subsequent in-pit inventory of 795Mt which in turn converted at 90 per cent to the estimate figure."
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