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JNO - JUNO MINERALS LIMITED


nipper
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Juno Minerals Ltd (JNO) is the sole owner of two iron ore projects in the Yilgarn region of Western Australia: the Mount Mason DSO Hematite Project, and the Mount Ida Magnetite Project.

 

Mount Mason is a high-grade DSO hematite mineralisation project, which is close to being a "shovel-ready" start-up, near-term project. Mount Mason has Mineral Resources of 5.9mt at 60.1% Fe.

 

Mount Ida is a very large deposit of magnetic lower grade iron ore that can be beneficiated to produce a high-grade premium iron concentrate, which has the potential to become a long-life tier one magnetite mine. Mount Ida has Mineral Resources of 1.85bt at 36.68% Fe.

 

 

The company has raised $20million at 25c a share and will IPO on 14 May (there was no underwriter and the list date has been pushed back 2 months)

 

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