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Atlas moving ahead with Corunna Downs

10th June 2019

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

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PERTH (miningweekly.com) – Iron-ore miner Atlas Iron has moved on the development of its Corunna Downs iron-ore project, in the Pilbara, submitting a project proposal to the state’s Environmental Protection Authority.

The proposal covers the development of five openpit operations producing 23.3-million tonnes of iron-ore over a six-year period, at an average rate of around four-million tonnes a year.

Atlas Iron is expected to clear more than 423.1 ha of native vegetation within the 2 257 ha tenement.

A 2016 prefeasibility study estimated that the project would require a capital investment of between A$47-million and A$53-million, and would have C1 cash costs of between A$37/t and A$43/t.

Atlas was acquired by a subsidiary of Hancock Prospecting at the tail end of 2018, with the company ceasing share trading on the ASX in November.

Edited by Creamer Media Reporter

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