Magnum pursues main board US listing
Australia-based iron-ore firm Magnum Mining & Exploration has terminated its OTC-QB listing process and will instead pursue a listing on a major US stock exchange to advance its Buena Vista iron project, in Nevada, US.
The company, which is already listed on the ASX, has appointed New York-based law firm Ellenoff Grossman & Schole to provide legal advice for listing the company in the US.
Magnum said in November it was considering a fast startup option for its Buena Vista iron project, which will deliver earlier cash flows based on accessing higher grade portions of the existing resource.
As part of the short-term expedited development plan, the company has developed a five-year mine schedule, delivering 2.5-million tonnes a year of ore to the beneficiation plant, supporting an average of 800 000 t/y of concentrate production.
The expedited development option will have average ore grades of 29.1% iron over the five years.
The scoping study for the project is based on a production rate of 1.6-million tonnes a year of magnetite concentrate over a mine life of 25 years.
Comments
The
content
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
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?
Receive 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)
➕
Recieve 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
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation