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Definitive Feasibility Study

 

Iron Road is developing the largest magnetite project in Australia. The release of the company’s definitive feasibility study (DFS) in February 2014 confirmed a technically sound and highly profitable project that can supply 21.5 million tonnes per annum of premium, high quality product. The low impurity concentrate also has the benefit of assisting steel mills to reduce their emissions output by producing less pollution than inferior lower quality products.

Over the next four years, Iron Road will construct a US$4 billion integrated supply chain consisting of a mine, rail and deep water port operation on the Eyre Peninsula in South Australia. The Central Eyre Iron Project (CEIP) has a confirmed 25 year mine life, potentially bringing in US$2.8 billion annually, with port capacity also available for third party exports. The port, at Cape Hardy, will be South Australia’s first port capable of loading Cape-size vessels. Planning is already underway for a further drilling campaign which will extend the mine life beyond 30 years. Longer term opportunity exists to link the CEIP rail system into the Australian rail network.

During construction, the CEIP is expected to involve a peak workforce of around 1,950 and a permanent operations workforce of 700 personnel. Iron Road is working with communities to bring about real and lasting benefits for local residents and to South Australia.

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Sustained Policy Moves By Chinese Government Accelerating Steel Industry Transition To Higher Quality Raw Materials

Tuesday, 21 February 2017

Second Round of CEIP Debt Financing Discussions being held in Beijing this week

There is growing support for our CEIP project to supply high-quality, lower-emission ore to Chinese steel mills facing stricter environmental rules as the attached article in today’s China Daily suggests:

http://www.chinadaily.com.cn/business/2017-02/20/content_28261675.htm

With reports that China plans to invest 2.5 trillion yuan ($365 billion) in renewable energy through 2020 to reduce greenhouse gases and is seeking to curb emissions by iron and steel producers, there is clearly a need for the CEIP’s product.

Mills are being compelled to upgrade their plants or cease operations if they fall short of standards, according to Bloomberg Intelligence.
Managing Director Andrew Stocks said that the policy moves in China support the CEIP’S high grade iron road product and the Company will be meeting with financiers in Shanghai and Beijing over the coming months.

“The consistent high quality nature of our product will deliver significant and compelling advantages as we seek to meet the growing high end supply gap in the iron ore market.

I very much look forward to building a Project that will become a trusted and reliable supplier of premium iron concentrates to the Asian marketplace.”

Read the full China Daily story here

 

 

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