https://www.engineeringnews.co.za

Iron Road pushes CEIP resource to 4.5bt

27th February 2015

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

Font size: - +

PERTH (miningweekly.com) – Junior developer Iron Road has increased the mineral resource estimate at its Central Eyre iron project, in South Australia, by 22%, to about 4.5-billion tonnes, grading 16% iron.

The ASX-listed company noted that about 3.5-billion tonnes, or 77% of the mineral resource, was classified as measured and indicated.

“The Central Eyre iron project continues to deliver with a 250% increase in resources at the Boo-Loo area, or a 22% increase in the global resource to 4.5-billion tonnes, cementing its place as Australia’s largest combined measured and indicated magnate mineral resource,” said Iron Road MD Andrew Stocks.

He pointed out that the company was close to achieving the upper-end of its original exploration target established in 2009, and noted that declining capital costs, current mine planning work incorporating mobile crushers, an expected increase in mining reserves, and high-quality concentrate specifications were expected to underpin a robust project.

“Our optimisation and value engineering programme over the past 12 months validates our diligent and innovative approach in positioning the Central Eyre project as the next credible and long-life producer of high quality iron concentrates. Our confidence in a low operating costs profile has been enhanced during this programme,” Stocks said.

The project is expected to produce 24-million tonnes a year, over a mine life of 25 years.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Industrial Nozzles & Systems (Pty) Ltd
Industrial Nozzles & Systems (Pty) Ltd

Industrial Nozzles & Systems (Pty) Ltd (Est. 2000) exclusive representative in Southern Africa for LECHLER GmbH (Est. 1879) - Europe's leading...

VISIT SHOWROOM 
ATI Systems
ATI Systems

ATI systems comprises five divisions: electrical assemblies, drives and controls, feedback sensors, enclosures, and strip guiding.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.045 0.078s - 140pq - 2rq
Subscribe Now