Pluton Resources Limited (ASX Code: PLV) is aware of rumours about potential transactions relating to its Irvine Island interests.

Testing by CSIRO is targeting an extra 20 million tonnes of iron ore from the main iron mineralised Yampi Member on Hardstaff Peninsula without the need for any further drilling.

Results are positive and indicate that iron mineralisation from within the more mineralised Yampi Member is coarse-grained and thus, more likely to be amenable to beneficiation.