BC Iron announced that the first phase of trial mining at the Nullagine Project in Western Australia, supports the key technical assumptions of the Project, as outlined in the Feasibility Study. To date, assays received from the first of three pits have exceeded Robe River ore specifications in terms of grade and contaminant levels, which is one of the key requirements for the Nullagine Joint Venture. These results are consistent with the pre-mining grade estimate and clearly underpin confidence in the Feasibility Study
BC Iron Limited announce the commencement of trial mining at the company’s Nullagine Iron Ore Project, located in the
Pilbara Region of Western Australia. The 120,000 tonne test pit marks another key step towards the planned commencement of
commercial mining at Nullagine in 2010 under BC Iron’s Joint Venture with Fortescue Metals Group (FMG). Trial mining was a key recommendation of the Nullagine Project Feasibility Study (see ASX release of July 2, 2009). The trial is intended to assess the performance of the continuous miners that will be used for commercial mining operations; test grade control techniques and
reconciliation; and collect geological information.
BC Iron advised that it has formally entered into the Nullagine Joint Venture with its 50:50 infrastructure Joint Venture partner, Fortescue Metals Group, for development of the Nullagine Iron Ore project, located in Western Australia’s Pilbara region.
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