Name and Location
Télimélé iron project, Guinea.

Client
Nemex Resources.

Project Description
The Télimélé iron project has a current resource of 16.8-million tons at 55.1% iron.

A concept study completed on the project envisages a start-up operation of 2.5-million tons a year of direct shipping ore (DSO) iron product.

The development strategy involves mining near-surface DSO, followed by on-site crushing and screening to produce about 60%-iron lump product that will be hauled 136.5 km by road to a purpose-built quay for transshipping to an offshore vessel.

Value
Initial capital expenditure is estimated at between $60-million and $130-million, depending on whether processing facility and transshipment operations are owned or contracted.

Duration
Not stated.

Latest Developments
Nemex will focus on the exploration potential of the Télimélé licences and applications to significantly increase the current resource base.

Key Contracts and Suppliers
None stated.

On Budget and on Time?
Too early to state.

Contact Details for Project Information
Nemex Resources, tel +61 8 9388 2277, fax +61 8 9380 6761 or email info@nemexres.com.au.