Australian Critical Minerals reveals significant project findings

Australian Critical Minerals (ASX:ACM) has announced promising assay results from its Shaw Project in the Pilbara region, Western Australia. Recent mapping and sampling identified high-grade iron deposits, with concentrations reaching up to 65% Fe. A significant portion of samples showed potential for Direct Shipping Ore, indicating promising prospects for future exploration.

Overview of Shaw Project and future plans

Australian Critical Minerals has uncovered high-grade iron deposits at its Shaw Project, with samples indicating up to 65% Fe content. The project's strategic location in Pilbara, near existing operations, enhances its attractiveness for development. The discovery of a wide Banded Iron Formation with DSO potential positions the Shaw Project favorably for future exploration. The company plans to begin drilling preparations immediately, aiming to advance the project's development. With a focus on critical minerals, ACM is poised to contribute to the clean energy transition, aligning its projects with broader sustainability goals.

Insights from Australian Critical Minerals

The results align with the company's vision for Shaw to be a high-quality asset. The potential DSO product could attract interest from current producers.