Name and Location
Wiluna West iron-ore project (WWIOP), Australia.
Client
GMR Group.
Project Description
The WWIOP has a 2004 Joint Ore Reserves Committee-compliant resource totalling 130.3-million tonnes grading 60% iron, including 69.2-million tonnes of probable reserves at 60.3% iron.
The project proposes the construction of a large-scale iron-ore operation of up to seven-million tonnes a year over an initial mine life of ten years, subject to the development of a viable transport and infrastructure solution.
Net Present Value/Internal Rate of Return
Not stated.
Value
Not stated.
Duration
Not stated.
Latest Developments
GWR announced in March that the mining proposal for the WWIOP had been approved by the Western Australia Department of Mines and Petroleum. The company has also received a clearing permit for the project.
Key Contracts and Suppliers
None stated.
On Budget and on Time?
GWR has no immediate plans to start development of the WWIOP; however, these approvals position the company to derive maximum value from the project through the commodity price cycle. No activities other than care and maintenance are envisaged, with expenditure exemptions under the Mining Act currently in place.
Contact Details for Project Information
GWR Group, tel +61 8 9322 6666, fax +61 8 9322 2370 or email admin@gwrgroup.com.au.