Eyre Iron Joint Venture

timetable

Commodity:

Iron Ore

Ownership:

40%

Location:

Eyre Peninsula, South Australia

Summary:

The Eyre Iron Joint Venture covers a series of magnetite iron ore projects on the Southern Eyre Peninsula, South Australia. Chinese steel major Wuhan Iron & Steel (Group) Co. are funding the first A$ 75 million of development and will assist with the arrangement of project finance.
680Mt of Mineral Resources have been defined at the flagship project Fusion, currently the subject of a Definitive Feasibility Study targeting a 5Mtpa magnetite concentrate operation. Concentrate from the project will be delivered via a 40km slurry pipeline to Port Spencer for export. Total Mineral Resources for the joint venture stand at 894Mt including the Fusion, Carrow and Greenpatch projects.
This Joint Venture is managed by Eyre Iron Pty Ltd.

JORC:

For details of resources see announcement 18th February 2013
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