Port Lincoln development approved

The South Australian Minister for Urban Planning and Development has approved Centrex's Port Lincoln Development Application.

The South Australian Minister for Urban Planning and Development has approved Centrex’s Port Lincoln Development Application.

Over the last three years Centrex has completed a full Development Application to refurbish the mothballed Proper Bay export facility and completed an advanced engineering study to export Wilgerup hematite from Whyalla. Both options eventually became unavailable.

Centrex Chairman David Lindh said that the decision marks a critical point in the Company’s push to transition from explorer to miner.

“The company completed exhaustive studies relating to the exporting of hematite from Port Lincoln and those studies showed that all potential issues could be managed to exacting standards,” Lindh said.

“The studies included definitive investigations that demonstrated Wilgerup hematite to be essentially insoluble (solubility of 14.4 parts per billion) and that if any accidental spillage did occur, the hematite would not stimulate phytoplankton growth in Boston Bay.”

Centrex will now focus on completing the detailed engineering design and complete negotiations on port lease and licence agreements including concluding the rail freight agreement.

The plan is to refurbish existing Port Lincoln port infrastructure (rail unloader and storage shed) and to commence exporting hematite at a rate of 1.6 Mtpa in the fourth quarter 2010.

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