Murchison Metals reported the results of a scoping study for its 100% owned Rocklea Iron Ore Project, located about 30 km from the town of Tom Price in Western Australia’s Pilbara Region. The Study shows an initial capital expenditure estimate of A$370m including A$44M contingency with a delivered mine gate operating cost estimate of A$21/t.
Murchison Metals announced an updated Mineral Resource estimate for its 100% owned Rocklea Iron Ore Project in Western Australia. The latest estimate confirms Murchison’s view that Rocklea is developing as an Channel Iron Deposit (CID), with the potential for a proportion of the resource to be suitable for direct shipping. Using a 50% Fe cut-off, total Resource (Indicated+Inferred) is estimated at 89 million tonnes grading 59.9% CaFe.
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