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Flinders Mines Ltd.
Summary
| Project: | Pilbara | |
|---|---|---|
| Deposit: | Pilbara | |
| Location: | Australia | |
| Commodities: | Iron-Silica-Aluminium-Phosphorus | |
| Date: | 1/7/2020 | |
| Report Code: | JORC | |
| Report Type: | Scoping Study | |
| Project Stage: | Mine Development | |
| Report details: | 7-1-2020: Flinders Mines Ltd. announces a Scoping Study report for its Pilbara deposit at the Pilbara project. Pilbara Iron Ore Project (PIOP) Scoping Study Results. The PIOP is located in the Pilbara region of Western Australia, approximately 60km north- | |
| Resources: | (Resource, Total): 1.484Mt @ 52.5% Fe, 14.8% SiO2, 4.96% Al2O3, 0.064% P at project | |
| CP/QP: | [Resources]: John Graindorge (Snowden Mining Industry Consultants Pty Ltd.) | |
| ABSTRACT: | The PIOP is located in the Pilbara region of Western Australia, approximately 60km north-west of the town of Tom Price. The PIOP consists of comprises the Blacksmith and Anvil tenements. The proposed BBIG Infrastructure (including conveyor, rail, and port infrastructure) would link the PIOP to the Balla Balla Port, which is located approximately midway between Port Hedland and Dampier. The basis of this Scoping Study and Production Target is the result of operational and corporate developments by Flinders over the past three years – since the Strategic Review in March 2017. These inputs are summarised in Table 9 – Production Target Modification Factors. The key technical inputs are the results of engineering and development from data acquired during the 2017 and 2018 Maturation Programme, which is further covered in detail later in this announcement – including an Exploration Update to cover all drilling completed during the Maturation Programme. The other inputs to the Scoping Study are largely the result of the recently announced proposed Farm-In Joint Venture with BBIG. This Farm-In Joint Venture, is still subject to Flinders’ Shareholder approval. This Farm-In Joint Venture has the potential to fund a Feasibility Study for PIOP, finance the PIOP mine’s development, provide an infrastructure solution for the currently stranded PIOP, secure off-take agreements, and provide management services. These technical and corporate inputs, including the proposed mine development and infrastructure service, has given Flinders the confidence in the required inputs and Modifying Factors to announce this indicative Production Target and Scoping Study | |
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