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Legacy eyes Esperance for Mt Bevan exports

15th November 2013

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

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PERTH (miningweekly.com) – A scoping study looking at the infrastructure alternatives for ASX-listed Legacy Iron’s Mt Bevan project, in Western Australia, has identified the Esperance port as the preferred export route for the first stage of the project.

The infrastructure scoping study, which was based on an operation producing an initial 10-million tonnes a year of magnetite concentrate, with a potential to expand to 30-million tonnes a year, focused solely on the logistics involved in the transportation of the Mt Bevan ore.

The study assessed the possibility of exporting from Mt Bevan through the Esperance Port, Kwinana James Point private port, the Geraldton port, or a potential future port development at Oakajee.

Legacy MD Sharon Heng said the completion of the infrastructure scoping study provided the joint venture (JV) partners with confidence about future development options for the project.

“One of the advantages of the Mt Bevan project is the number of potential infrastructure solutions that are available, and we are pleased to have now identified a preferred option from a technical, economic and strategic perspective.”

Heng noted that the timing of an expansion of the Esperance port fitted well with the potential future development of the Mt Bevan project.

She added that the infrastructure scoping study would form the basis of the infrastructure component for the Mt Bevan prefeasibility study.

The Mt Bevan project is a joint venture between Legacy and fellow-listed Hawthorn Resources. Legacy could earn a 60% stake on the project by spending a minimum of A$3.5-million to develop the project to prefeasibility status.

The project is currently estimated to host an inferred resource of 1.59-billion tonnes, grading 30.2% iron.

Edited by Creamer Media Reporter

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