CZR Resources: Secures Pilbara iron ore tenement from Fortescue Metals Group (ASX:FMG)

CZR Resources Secures Pilbara iron ore tenement from Fortescue Metals Group (ASX:FMG)

• CZR Resources (CZR) completes the acquisition of a key iron ore tenement from Fortescue Metals Group (FMG) in the Pilbara region of Western Australia
• The tenement lies south of Rio Tinto’s (RIO) Mesa F iron ore project and next to CZR’s P529 deposit
• The P529 mineral resource contains 4.2 million tonnes at 53 per cent iron
• CZR has now consolidated a 1.1-kilometre strike length of the P529 deposit, five kilometres from its Robe Mesa project, with its mineral resource sitting at 45.2 million tonnes at 56 per cent iron
• Shares in CZR are trading at 20 cents at 2:12 pm AEDT