01/07/2011 10:58:00
Murchison Metals Ltd (ASX:MMX) has received the feasibility studies for the Jack Hills Expansion Project and the Oakajee port and rail project. Murchison holds a 50 per cent interest in both.
The company has advised they will need time to consider the reports but expects to make an announcement before the start of trading on Monday.
The iron ore miner has been in a traiding halt since Sinosteel last week stopped work on its $2 billion Weld range iron ore project.
In the half year ended on 31 December 2010 Murchison Metals posted a net profit of $3.3 million.