Blacksmith iron-ore project, Australia
Name of the Project
Blacksmith iron-ore project.
Location
Pilbara, Western Australia.
Project Owner/s
Red Hawk Mining.
Project Description
Blacksmith comprises the Ajax, Badger, Blackjack, Champion, Delta, Eagle and Paragon deposits. The development of only the Delta and Paragon orebodies have been considered for the project.
A scoping study has proposed a three-million-tonne-a-year direct shipping ore (DSO) project, based on a DSO mineral resource estimate of 100.1-million tonnes at 60.1% iron from the project’s Delta and Paragon deposits.
The project envisages the establishment of several shallow openpits, producing 55-million tonnes of ore at an average grade of 60.5% iron over a 20.1-year mine life.
The mining operations are planned to be undertaken by a mining contractor, based on a mining fleet using Caterpillar 6015 excavators and Caterpillar 777G dump trucks, along with suitable support vehicles.
Potential Job Creation
Not stated.
Net Present Value/Internal Rate of Return
The project has a pretax net present value, at an 8% discount rate, of $356-million and an internal rate of return of 35%, with a payback of 3.1 years.
Capital Expenditure
About $150-million.
Planned Start/End Date
The first shipment of iron-ore is expected in 2025.
Latest Developments
None stated.
Key Contracts, Suppliers and Consultants
Orelogy (mine plan).
Contact Details for Project Information
Red Hawk Mining, tel +61 8 9389 4483 or email info@redhawkmining.com.au.
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