JOHANNESBURG (miningweekly.com) – A new drilling programme at the Moonlight iron-ore project, in Limpopo, has kicked off after triple-listed Ferrum Crescent appointed Ed Aylmer bankable feasibility study (BFS) manager.
The appointment of a BFS manager marked the next stage of the study of the project, which had been advanced towards a Joint Ore Reserve Committee-compliant resource of 307.7-million tonnes of metallurgical iron-ore and obtained a 30-year mining right and an environmental licence for the mining area.
The drilling programme would see the upgrade of the resource in the key areas that were deemed ready to start an advanced metallurgical programme to determine costs for construction of a beneficiation plant and manufacturing facility for processing high-grade pellets.
The iron-ore developer said Aylmer would also work with Ferrum’s board of directors on current discussions with several groups to secure a financing partnership that would enable the company to complete the BFS.