Australian iron ore explorer BC Iron Ltd has completed a scoping study for its wholly-owned Nullagine project in Western Australia and has committed to the commencement of a feasibility study.
The study envisaged a three to five million tonne per annum direct shipping ore operation, situated 140km north of the town of Newman in the iron-rich Pilbara region.
The Perth-based company said the project had the potential to be a high-value, long-life iron ore business.
The project is likely to involve simple open pit mining, crushing and screening to a fines product.
Ore would be hauled by road to Fortescue Metal Group Ltd's planned Christmas Creek operation.
BC Iron has a memorandum of understanding with Fortescue to negotiate rail and port access.
The scoping study estimated capital costs of $85 million and the current resource would underpin a mine life of about six years
Source: The West Australian
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