Key Milestone In Development Of C4 Iron Ore Deposit
GWR Group Limited (ASX:GWR) has announce that one of the final key production milestone that will pave the way for the historic first shipment of iron ore from GWR’s 100% owned flagship C4 Iron Ore deposit in Wiluna, Western Australia.
Chairman, Gary Lyons, said GWR and alliance partner Pilbara Resource Group (PRG) have executed another significant production milestone with the commencement of transportation of high-grade from the C4 mine site to Port of Geraldton
My Lyons said haulage contractor QEM Group Australia Pty Ltd (QEM) will continue to ramp up the number of truck required to meet complete Stage 1 within 12 months.
High-Grade lump and fines product will be stockpiled at the Port of Geradlton Site 88 location inpreparation for the first historic shipment which is expected to take place in late January.
Mr Lyons said mining activites are progressing well on site, with crushing and screening activites on-going, the transport of this high grade material to the Port of Geraldton is imminent.
“I am very pleased to advise shareholders that road haulage of the High-grade ore from the mine site at the C4 deposit to our storage faciliite (Site 88) at the Port of Geraldton has commenced,” Mr Lyons said.
“GWR remains on track to meet our target of first ore shipment in early January 2021 and exploit this strong commodity cycle.”
PRG is engaged for Stage 1 of the C4 mining operations which covers the first one million tonnes of C4’s Mineral Resource estimate of 21.6 million tonnes at 60.7% Fe with assessment and modelling currently underway to increase production tonnage on Stage 1.
Under the Joint Venture with PRG, GWR is required to provide minimal capex and opex, will retain 70% share in the project profit as well as retaining the rights for ore sales, strategy and timing.
GWR is currently undertaking a review of C4 to assess what portion of the remaining ~20 million tonnes will be optimised in Stage 2 mining of the C4 deposit and begin to engage with interested parties.
Site 88 at the Port of Geraldton is now prepared and fully operational which includes a truck unloading facility, a storage shed with approximately 100,000 tonnes of capacity, and associated conveyor networks.
