Name of the Project
Eliwana iron-ore mine and rail project.

Location
The project is located 90 km west-north-west of Tom Price, in the Pilbara region of Western Australia.

Project Owner/s
Fortescue Metals Group.

Project Description
The project entails the construction of a 30-million-tonne-a year iron-ore mine. However, infrastructure will be built to reflect peaks in the yearly production rate of up to 50-million tonnes a year.

Iron-ore mining will involve deposits within the Brockman and Marra Mamba iron formation.

The proposal includes the development of mine pits and associated infrastructure, processing facilities, infrastructure for groundwater abstraction and surplus water disposal, temporary and permanent waste-rock landforms, and tailings storage facilities.

Included in the project is a 143 km rail line.

The estimated mine life is 24 years.

Potential Job Creation
The project will create up to 1 900 jobs during construction and 500 full-time site positions once operational.

Net Present Value/Internal Rate of Return
Not stated.

Capital Expenditure
The project will require capital expenditure of about $1.25-billion.

Planned Start/End Date
The project delivered first ore in December 2020.

Latest Developments
SRG Global has been awarded an estimated A$55-million infrastructure contract from Fortescue Metals at its Eliwana mine.

The project will involve the construction of a 21-km haul road at the existing mine site, with the contract lasting an estimated nine months.

“We are pleased to extend our longstanding relationship with Fortescue and look forward to delivering these works for Fortescue, in addition to the asset maintenance works we are performing across a number of Fortescue’s site locations,” SRG MD David Macgeorge has said.

Key Contracts, Suppliers and Consultants
None stated.

Contact Details for Project Information
Fortescue Metals Group, tel +61 8 6218 8888.
Fortescue Metals Group investor relations, Stuart Gale, email investorrelations@fmgl.com.au.