Robe Mesa iron-ore project, Australia – update
Name of the Project
Robe Mesa iron-ore project.
Location
West Pilbara, Western Australia.
Project Owner/s
CZR Resources entered into a binding agreement to sell its 85% share in the Robe Mesa iron-ore project to Miracle Iron Resources in January 2024, with CZR retaining its Croydon and Buddadoo exploration assets.
Miracle Iron is based in Perth and is closely linked with its parent company, Shenzhen Naao Jianglan Investment, which is headquartered in China.
Project Description
The Robe Mesa will have an estimated production rate of 3.5-million tonnes a year over an eight-year mine life.
Potential Job Creation
Not stated.
Net Present Value/Internal Rate of Return
The project has a net present value of A$138-million at an 8% discount rate, and an internal rate of return of 70%.
Capital Expenditure
Preproduction capital costs are estimated at A$87-million.
Planned Start/End Date
Not stated.
Latest Developments
A definitive feasibility study and process for approvals is under way.
The DFS is looking at optimisation of the proposed scale of mining, haulage route, shipping location and capital spending as upsides to the PFS results.
Key Contracts, Suppliers and Consultants
None stated.
Contact Details for Project Information
CZR Resources, tel +61 8 6211 5099 or email admin@czrresources.com.
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