Cabral Resources , which has a target of proving 331 million to 644 million tonnes of magnetite on its tenements in the Brazilian state of Bahia, is set to begin a $13 million drilling program as early as next month ahead of the onset of the wet season.
It is also understood to be set to unveil the acquisition of more tenements in the region.
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Jamie Freed writes on business specialising in aviation, tourism, travel. Based in our Sydney newsroom, Jamie has 10 years experience as a journalist. Connect with Jamie on Twitter.
