Murchison Metals (ASX:MMX) reports a significant increase in the JORC compliant Mineral Resources at Jack Hills to 153 million tonnes, an increase of 58% over the prior reported figure of 97 million tonnes.

The Jack Hills Mineral Resource now comprises:

69.6 million tonnes of Direct Shipping Ore @ 60.3% Fe

83.4 million tonnes of beneficiation feed @ 42.3% Fe

This interim mineral resource update is another important step for the Jack Hills expansion project and provides Murchison with increasing confidence that the Jack Hills Project will deliver a substantial mineral resource that will underpin its major expansion plans.

Executive Chairman of Murchison Metals, Paul Kopejtka, said the new resource estimate clearly demonstrated the potential and quality of the Jack Hills Project. \ "To confirm a 58% increase in resources barely three months after the last reported update is an achievement that highlights the quality and potential scale of the Jack Hills Project," he said.

Mr Kopejtka said Murchison anticipated further resource increases as results from the company's extensive drilling programme are received.

The Mt Matthew zone drilling included in this interim resource estimate comprised 11,125 metres of RC drilling (48 drill holes). The reported Mineral Resource remains open at depth and Murchison believes that there is capacity for further expansion of resources in the Mt Matthew Zone.