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Sherwin granted a mining lease at Roper River

19th June 2014

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

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PERTH (miningweekly.com) – ASX-listed Sherwin Iron has been granted a 40-year mining lease over the tenement know as Area C, within its Roper River project, in the Northern Territory.

The mining lease area covers 1 639 ha and would be granted upon Sherwin paying the prescribed rent for the first year. Once the lease is granted, the company would be able to start full production upon obtaining federal government approval for the environmental-impact assessment.

The Roper River project was expected to start at an initial export volume of up to three-million tons a year, which would be shipped across East Arm Wharf. The project has an indicated resource of some 39.5-million tons grading 57.9% iron.

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