Name and Location
Agbaja iron-ore project, Kogi state, Nigeria.

Client
Kogi Iron.

Project Description
Kogi Iron is targeting a five-million-tonne-a-year iron-ore operation at Agbaja.

As part of the mine planning and scheduling study for the project, the company has identified a possible location for a processing plant and has completed the design of pit shells within two stage areas identified for mining operations.

The proposed plant site location is in the north-east of the resource area and has been selected based on its central location between the two areas (Stage 1 and Stage 2) identified for mining operations.

The Stage 1 mining area, situated to the west of the proposed plant site, comprises about 6 km² and is west of the proposed plant site. This area contains about 158-million tonnes of the 488-million-tonne inferred mineral resource.

Targeting the magnetic fraction of the mineral resource, the average grade of material identified for mining is estimated at about 46% iron, with a corresponding strip ratio of about 0.68:1. This area should provide processing plant feed for an initial 14 years.

The Stage 2 mining area of about 2.2 km² is situated to the east of the proposed plant site. This area is estimated to contain 63-million tonnes of the 488-million-tonne inferred mineral resource. The average grade of material identified for mining is estimated at 46% iron, with a corresponding strip ratio of approximately 0.81:1. This area should provide processing plant feed for an additional six years, bringing the combined total plant feed from the two areas to 20 years.

Value
Still to be confirmed.

Duration
Still to be confirmed.

Latest Developments
The next phase in the project is the estimation of mining costs using quotations that are being submitted by several leading mining contractors in response to requests for proposals.

The scoping study is on track for completion by the end of the first quarter of 2014.

Key Contracts and Suppliers
None stated.

On Budget and on Time?
Too early to state.

Contact Details for Project Information
Kogi Iron, tel +61 8 9200 3456 or email info@kogiiron.com.