Legacy Iron Ore Ltd commissioned SRK in 2011 to provide an independent technical assessment and valuation report on the company’s mineral assets. The assets included projects with Inferred Resources and early stage exploration properties that were targeted for iron, gold and base metal mineralisation across Western Australia. SRK’s approaches included analysis of comparable transactions and a geological risk method to provide a valuation range reflecting the inherent risks associated with exploration stage properties. The report, prepared using the guidelines of the VALMIN Code, was provided to Legacy shareholders to support a cornerstone investment offer in the company.
