For thousands of other reports visit RSC's Mineral Intellingence Map
Cazaly Resources Ltd.
Summary
| Project: | Parker Range | |
|---|---|---|
| Deposit: | Parker Range | |
| Location: | Australia | |
| Commodities: | Iron | |
| Date: | 3/26/2019 | |
| Report Code: | JORC | |
| Report Type: | Feasibility Study | |
| Project Stage: | Pursuing Environmental Approval | |
| Report details: | 26-3-2019: Cazaly Resources Ltd. announces a Feasibility Study report for its Parker Range deposit at the Parker Range project. DFS update results incl. reduced CAPEX and OPEX for Parker range project. Cazaly Resources Limited (ASX: CAZ, “Cazaly” or “the | |
| Resources: | (Reserve, P+P): 31.4Mt @ 56.4% Fe | |
| CP/QP: | [Overall Report]: n/a (n/a) | |
| ABSTRACT: | Cazaly Resources Limited (ASX: CAZ, “Cazaly” or “the Company”) is pleased to announce the results from a cost study updating components of the Definitive Feasibility Study (“DFS”) for the potential development of the Parker Range Iron Ore Project (“PRIOP”) located in the Yilgarn region of Western Australia. This follows growing interest in the project aligned with the strengthening iron ore price and indicated availability of rail pathways and port access at the Esperance Port. The study was completed by specialist engineering group Avora Pty Ltd (“Avora”) who assessed the capacity of the Esperance Port and the rail network and provided an assessment of the current capital (“Capex”) and operating (“Opex”) costs. As part of this work, the Company commenced discussions with the Southern Port Authority and other infrastructure and operating providers to assess the viability of commencing an operation. Overall, relative to the initial study conducted in 2011, both the Capex and Opex have decreased which, combined with sufficient available capacity on the rail network and access to Esperance Port, makes Parker Range a much more viable project. The Project The PRIOP is a fully owned project hosting a near mine-ready iron ore deposit located in the Yilgarn of Western Australia. Key features of the project include an ultra-low Phosphorous haematite ore located close to major infrastructure and with key approvals to mine in place. The project has a Proven and Probable Ore Reserve of 31.4Mt targeting an iron ore fines product grading 56.4% Fe (61.9% calcined Fe) and 0.02% P, 6.0% SiO2 and 2.50% Al2O3 defined1 . Refer ASX Releases: “Parker Range Project Update” 12th May 2011 and “Quarterly Report for June 2011” | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report