Brockman Resources announced that it is in advanced negotiations with Fortescue Metals Group regarding an agreement for an end-to-end rail haulage, port access and marketing service for its Marillana Iron Ore Project in Western Australia.
Brockman Resources announced the results of a definitive feasibility study conducted on Marillana iron ore project located in Western Australia. The study supports 25 years mine life with a production rate of 17 million dry tonnes per annum of a high-quality final product averaging 60.5% – 61.5% iron grade. Life of mine expects to produce A$35.3 billion revenue, using independent iron ore price and foreign exchange forecasts and payback projected to be achieved in less than for years..
Brockman Resources announced that the definitive metallurgical test work program completed earlier this year demonstrated that the detrital ore could be upgraded by simple beneficiation techniques to produce a blended final product (fines) from the Marillana iron ore project, Western Australia. The grades include an average plant feed grade of 42.54% iron and final product grade range of 60.5% to 61.5% iron ore.
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