Hancock Prospecting Group Pty Ltd still has its eye on establishing its own rail and port facilities in Western Australia's Pilbara -seemingly on the back of one of its wholly-owned iron ore targets. The WA-based company, which last year entered a joint venture with the publicly-listed Rio Tinto to develop its much-awaited Hopes Downs project, is currently subjecting its nearby Roy Hill prospect to a 200 metre by 200m infill drilling program. Situated about 100 kilometres north of Newman, the fledgling deposit has a JORC compliant resource of 660 million tonnes, with 489 Mt sitting in the "classified resource" category.
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