Rhodes Ridge iron-ore project, Australia

9th February 2024 By: Sheila Barradas - Creamer Media Research Coordinator & Senior Deputy Editor

Rhodes Ridge iron-ore project, Australia

Name of the Project
Rhodes Ridge iron-ore project.

East Pilbara, in Western Australia.

Project Owner/s
Rio Tinto.

Project Description
Rhodes Ridge is one of the world’s best undeveloped iron-ore deposits. It contains 6.8-billion tonnes of mineral resources at an average grade of 61.6% iron, including 5.3-billion tonnes at 62.2% iron and 600-millon tonnes at 63.9% iron.

An order of magnitude study has proposed the development of an operation with initial capacity of up to 40-million tonnes a year, subject to relevant approvals.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
Not stated.

Capital Expenditure
Not stated.

Planned Start/End Date
First ore from the initial development is expected by the end of this decade.

Latest Developments
Rio Tinto approved a $77-million prefeasibility study in December 2023 to progress the development of the project.

The prefeasibility study is expected to be completed by the end of 2025 and will be followed by a feasibility study.

Key Contracts, Suppliers and Consultants
None stated.

Contact Details for Project Information
Rio Tinto, tel +61 8 9327 2000 or email media.enquiries@riotinto.com.