🕐22.06.10 - 04:46 Uhr

Transit Holdings [ASX: TRH] - Transit confirms magnetite potential of Johnston R
ange Iron Project, WA



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Transit Holdings [ASX: TRH] - Transit confirms magnetite potential of Johnston Range Iron Project, WA

Transit Holdings Ltd (ASX: TRH) announces results of an initial assessment of the magnetite potential of its wholly owned Johnston Range Iron Project in the Koolyanobbing belt north of Southern Cross in Western Australia.

Key points:

* Results of an assessment of the magnetite potential show grades in line with other highly prospective magnetite iron ore projects in Western Australia
* Work focused on 35km long sequence containing a number of sub-parallel Banded Iron Formations
* The assessment is an extension of previous work completed on the exploration of haematite direct shipping ore

Initial assay results at the Project have returned excellent intersections of magnetite.

In assessing the magnetite potential of the Project the Company has sampled and assayed drill cuttings from a previous drilling programme which intersected magnetite-rich BIF, confirming grades in line with other highly prospective magnetite iron ore projects in Western Australia.

Please refer to the attached announcement for details including a table.

For further information, please contact:

Richard Monti
Executive Director

Tel: +61 8 9482 0515

Morgan Barron
Company Secretary

Tel: +61 8 9482 0515

Media:
Fortbridge Consulting
Tel: +61 2 9331 0655
Luke Dean

Mob: +61 414 535 433


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