Australian iron-ore miner Brockman Resources has reported that the Stage 2 pre-feasibilty study at its Marillana iron-ore project in Western Australia, will be completed by June this year.
Stage 2 was expected to increase the project’s estimated iron-ore output from two-million tons a year, to between 15-million tons and 25-million tons a year.
The company has contracted Ausenco to conduct the prefeasiblity study in conjunction with Coffey Mining. Work started in December.
Meanwhile, the company, in its quarterly report, says uncommitted cash reserves now stand at $102million.
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