https://www.miningweekly.com

Maiden resource at Cazaly/Winmar JV

23rd May 2013

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

Font size: - +

PERTH (miningweekly.com) – ASX-listed junior Cazaly Resources and its partner Winmar Resources has announced a maiden inferred resource of 343.2-million tons at the Hamersley iron-ore joint venture (JV), in the Pilbara.

The resource comprises an indicated resource of 42.6-million tons, grading 55.2% iron, and an inferred resource of 300.6-million tons, grading 54.5% iron.

Cazaly told shareholders that the upgrade of the mineral resource to the indicated category provided the JV partners with the opportunity to start a range of studies, including scoping studies, mine economic studies, environmental studies and Native Title negotiations, as part of a prefeasibility stage.

The studies would examine the potential for the early development of a direct shipping ore (DSO) project from the material to the south-west of the project area.

Winmar noted that discussions were also under way with parties to identify and collaborate on strategic infrastructure solutions in line with the project’s development plan. Both road and rail opportunities were being pursued.

Cazaly MD Nathan McMahon said on Thursday that the resource upgrade was a positive step towards the development of the Hamersley project, and added additional credibility and urgency to the discussions that were under way with potential infrastructure providers, Native Title parties and with contractors working on the prefeasibility studies.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

ZF Aftermarket
ZF Aftermarket

ZF Aftermarket is the after-sales division of the world-renowned German ZF group, a global leader in mobility technology.

VISIT SHOWROOM 
ABB Electrification
ABB Electrification

Electrifying the world in a safe, smart, and sustainable way, ABB Electrification is a global technology leader in electrical distribution and...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.053 1.069s - 110pq - 2rq
Subscribe Now