Riley direct shipping ore project, Tasmania
Name and Location
Riley direct shipping ore (DSO) project, Tasmania.
Client
Venture Minerals.
Project Description
The Riley DSO project is located 10 km from the Mt Lindsay tin/tungsten deposit and consists of a surface deposit of pisolitic hematite and unconsolidated and cemented lateritic gravel to an average depth of 3 m. The total available resource is estimated at 2.3-million tonnes.
The proposed project involves the extraction, crushing and screening of an estimated two-million tonnes of hematite ore at a rate of up to 1.3-million tonnes a year of product from mining lease 5M/2012.
Product will be trucked to the Bastyan rail siding along the Pieman road for transport by rail to Burnie. The mine and product haulage to the Bastyan siding will operate 24 hours a day.
Value
Not stated.
Duration
Not stated.
Latest Developments
Venture has not yet started mining activity at the Riley project; however, the company continues to ready itself for production, focusing on advancing negotiations for product offtake and finalising delivery of long-lead items.
Key Contracts and Suppliers
None stated.
On Budget and on Time?
Not stated.
Contact Details for Project Information
Venture Minerals, tel +61 8 9381 4222.
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