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IRON ORE PRODUCTS

The iron ore resources identified to date are 'direct ship' iron ore suitable as feedstock for iron and steel manufacture without the need for extensive beneficiation to remove impurities.

The Stage 1 development will deliver pisolite iron ore derived from a number of channel iron deposits. Ore from the deposits will be mined to a defined scheduled, crushed and blended to achieve a primary fines product of consistent iron ore grade exceeding 57% iron.

Based on sinter tests completed at the China Iron and Steel Research Institute (CISRI) in Beijing, the product may be used at levels of 10-15% in sinter plant feeds, with the potential for levels as high as 20-25%.

Subsequent development stages will access channel iron, detrital and bedded iron deposits with iron grades typically ranging between 54% and 61%. These deposits are expected to yield lump and fines shipping grade products.