Central Hub

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Central Hub

As of 7 October, the Central Pilbara Hub contains 361Mt of JORC Mineral Resources which comprise of high grade Bedded Iron Deposits (BID) and Channel Iron Deposits (CID).  These resources are located within 50km radius of existing mining operations and rail infrastructure and provide real opportunities for the company to transport ore to market.

IOH settled the transaction for the Koodaideri South tenement on 7 October and the cash consideration of $32 million was received from Hamersley Iron Pty Ltd, a wholly owned subsidiary of the Rio Tinto group.

On 13 October, IOH announced the sale of a three Central Pilbara satellite tenement package to a wholly owned subsidiary of Mineral Resources Ltd including - South Marillana, Lamb Creek and Yandicoogina Creek.  IOH is to receive $42 million cash over a 90 day period subject to agreed conditions.

Iron Ore Holdings - Central Pilbara Hub