Hemisphere Resources (ASX: HEM) has targeted high grade hematite after being granted an exploration licence of 56 square kilometres at the Mount Goldsworthy mine site in Western Australia.
Importantly, the licence is located 5 kilometres north-east and along strike of the historical, high grade hematite Mount Goldsworthy mine site.
The licence is strategically located to infrastructure, just 100 kilometres east of Port Hedland, and is serviced by the Great Northern Highway.
Providing a further boost, the BHP Billiton (ASX: BHP) Port Hedland to Yarrie railway line passes along the southern boundary of the tenement.
The company has already assessed available historical exploration data and plans to carry out rock chip sampling at the Nimingarra Banded Iron Formation in May.
Previous tenement holders have collected wide-spaced ground gravity data while exploring for gold and base metals.