Projects
The Iron Ridge Project is located approximately 600 km north-northeast of Perth and approximately 67 km northeast of the township of Cue in the Murchison region of Western Australia. Access is via the Great Northern Highway to Cue, then along the sealed Beringarra-Cue road to Glen Station, then along approximately 10 km of unsealed tracks from Glen Station to the Project. The Feasibility Study completed on the Project in November 2019 purposely used contract mining and trucking to minimise upfront capital requirements.
The Project is essentially a greenfield development and therefore requires all infrastructure, equipment, power, water, communications and other services to be established.
The nearest port is Geraldton, located approximately 350 km to the southwest, which has a dedicated iron ore bulk export shiploader that is currently under-utilised.
Milestone | Status | Expected Date |
|---|---|---|
Drill Results | Completed | January 2019 |
Updated JORC Mineral Resource Estimate | Completed | March 2019 |
Trucking JV company established between FEX and Craig Mitchell | Completed | May 2019 |
Metallurgical Testwork | Completed | May 2019 |
Joint Cooperation Agreement signed with Mid West Port Authority | Completed | May 2019 |
Statutory Permitting Process | Commenced | June/July 2020 |
Feasibility Study | Completed | November 2019 |
Product offtake agreement(s) and potential financing | Pending | |
Commencement of production and potential first shipment | Pending | |
Additional project acquisition(s) | Pending |
