PERTH (miningweekly.com) – ASX-listed Magnum Mining & Exploration on Friday announced that it would undertake a refresh of the engineering design for its Buena Vista iron project in Nevada.
The refresh is aimed at bringing the project into production as quickly as possible, Magnum said in a statement.
A contract has been executed with Samuel Engineering to design and cost a beneficiation plant with an initial capacity of 500 000 t/y based on an iron resource of 232-million tonnes 18.6% iron.
Magnum is initiating investigations into all other components of the proposed project, including mine planning and scheduling, transport logistics, access to power and water, and permitting. These will be reported on as contracts are entered into.
Once completed, expected to be within six to eight weeks, Magnum’s board is expected to make a final investment decision to proceed.