PERTH (miningweekly.com) – A scoping study into the Perenjori iron-ore project, in Western Australia, has confirmed the project’s economics, owner Surefire Resources said on Tuesday.
Based on an inferred mineral resource of 191.7-million tonnes, grading 36.6% iron, the scoping study indicated a low capital operation producing premium high-grade magnetite concentrate.
The scoping study was based on conventional mining, beneficiation and transport processes, Surefire said.
“Surefire is delighted with the outcome of the scoping study. Technical assessment has already indicated the ore can produce a high-grade magnetite concentrate that is attractive to the market,” said MD Vladimir Nikolaenko.
“This first-pass preliminary economic assessment has now provided the board with confidence that the Perenjori iron project is commercially attractive. Surefire can now confidently plan to move the project forward.”
The junior company will now undertake additional resource definition work to ensure that the stated inferred resource is converted to a Joint Ore Reserve Committee-compliant standard.