Name of the Project
Eliwana iron-ore mine and rail project.

Location
The project is located 90 km west-north-west of Tom Price, in the Pilbara region of Western Australia.

Project Owner/s
Fortescue Metals Group.

Project Description
The project entails the construction of a 30-million-tonne-a year iron-ore mine. However, infrastructure will be built to reflect peaks in the yearly production rate of up to 50-million tonnes a year.

Iron-ore mining will involve deposits within the Brockman and Marra Mamba iron formation.

The proposal includes the development of mine pits and associated infrastructure, processing facilities, infrastructure for groundwater abstraction and surplus water disposal, temporary and permanent waste-rock landforms, and tailings storage facilities.

Included in the project is a 143 km rail line.

The estimated mine life is 24 years.

Potential Job Creation
The project will create up to 1 900 jobs during construction and 500 full-time site positions once operational.

Net Present Value/Internal Rate of Return
Not stated.

Capital Expenditure
The project will require capital expenditure of about $1.28-billion.

Planned Start/End Date
First ore is expected to be delivered in December 2020.

Latest Developments
Fortescue Metals is on track to deliver first ore into its Eliwana plant, while first ore on train is scheduled for later this month.

The Eliwana railway line is also progressing well, with the project expected to meet production targets.

Key Contracts and Suppliers
None stated.

Contact Details for Project Information
Fortescue Metals Group, tel +61 8 6218 8888.
Fortescue Metals Group investor relations, Stuart Gale, email investorrelations@fmgl.com.au.