Hemersley scoping delivers promising results - Winmar
PERTH (miningweekly.com) – A scoping study into the Hemersley iron joint venture (JV) between ASX-listed Winmar Resources and Cazaly Resources, has indicated that the project was economically viable.
Winmar said, on Tuesday, that based on the current mineral resource of 42.6-million tonnes, at 55.2% iron, the project could sustain an initial two-million-tonne-a-year direct shipping ore (DSO) project.
The DSO project would be operational for the first three to four years, after which a wet beneficiated fines ore process, with a capacity of some two-million tonnes a year, would be introduced for the remainder of the 14-year mine life.
The initial DSO project would allow for a lower initial capital requirement, would present a lower risk profile to develop the deposit, while also offering access to a larger number of contractors that can operate at the proposed capacity.
Revenue generated by the DSO project would be used to fund the wet processing plant upgrade.
Winmar said that initial discussions with Chinese steel mills had indicated that there was a demand for Hemersley product.
Following the scoping study’s positive results, Winmar would now initiate a prefeasibility study on the Hemersley project. Further metallurgical testwork was also planned to confirm the processing parameters and to possibly upgrade the resource.
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