The STB project has reported JORC iron sand mineral resources of 1,698Mt @ 11.16% Fe2O3 for the Mine Area and adjacent Kupe Blocks at a 3.5% Davis Tube Recovery (DTR) cutoff and a further 2,137Mt @ 9.66% Fe2O3 for Stage 2 Block mine areas. These resources, in 25 to 60 metres of water, are located within New Zealand's …