Corella Resources (ASX:CR9) has completed the acquisition of a grain storage facility, located just 2.5kms from the company’s 24.7Mt Tampu deposit.
The facility consists of a 3,750m2 (~15,000t) storage shed, road loading facility, weighbridge, site office with accommodation and a Telstra mobile tower nearby.
Corella Resources says this will allow the company to conveniently store the mined product within close proximity to the main existing Tampu deposit for transport to the end user.
It also says aircore exploration drill hole assays at the Whitecap and Whitehills prospects are expected imminently, and it's currently working with industry experts CSA Global on upgrading the existing Inferred Mineral Resource into Indicated / Measured Resource categories for conversion into Mineable Reserves.