high-grade iron ore project available

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South Africa Gauteng - Johannesburg

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high-grade iron ore project with a Direct Shipping Ore , resource grading 41Mt at 58% Fe plus an existing stockpile of 155kt at 56% Fe. .

The Project sits within a large JORC compliant Mineral Resource of 488Mt at 42% Fe and presents as a compelling acquisition opportunity given the current 58% Fe price of +A$130/t.

Supply-side developments and significant monetary stimulus from China’s Central Bank will also likely support the iron ore price in the short-medium term

• DSO start-up opportunity, including production of 2-6Mtpa at +58% Fe over a five-year mine life;
• Significant existing infrastructure including a 40 person camp, an access road to a main highway, a bulk sample pit, a temporary site office location, ROM, stockpiles and a workshop area;
• JORC compliant DSO Mineral Resource of 41Mt at 58% Fe contained within a total Mineral Resource of 488Mt at 42% Fe, and the potential for a lower strip mining inventory of +3Mt at 58% Fe with a strip ratio of 3.6:1;
• Opportunity to utilise early cashflow from a potential DSO operation to build a larger beneficiation plant with its own transhipping export solution;
• Additional exploration potential, including up to 20 deposits with limited drilling to date; and
• Existing approvals and agreements, including EPA Assessment and EPBC Approval for initial DSO and Traditional Owner land-use agreements.
Prospective investors should provide DD including financial credentials to be considered for an invitation to review the Project in detail.

A 2% buyer Fee will be applicable


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paul man
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