Flinders Mines today announced it had given the go-ahead for a pre-feasibility study into a 500 million tonne iron ore project in the Pilbara.
The company’s iron ore interest is comprised of the Blacksmith E47/882 tenement and the Anvil E47/1560 tenement.
Flinders chairman Robert Kennedy said the decision to move to the next evaluation stage followed the release of a new scoping study.
“The independent study found the whole project had the potential to proceed towards development of an economic long-life iron ore mine,” he said.
“Significantly, the pre-feasibility study will aim to recommend a preferred development option, as there are now several mineralised areas within the tenement that could support mining.
“Flinders Mines has also identified Bedded Iron Deposit (BID) intersections well outside the current resource areas, so evaluation of these should also impact positively on future total resource tonnage and iron grade estimates.”
The scoping study was undertaken by Adelaide-based AMC Consultants, who reviewed the mining, beneficiation, transport and sale options available to Flinders.
The scoping study recommended that Flinders focus on a deposit on the Blacksmith tenement’s eastern flank, which presented optimal grade opportunities and a low stripping ratio.
The company will undertake a major diamond and reverse circulation drilling program at the deposit over the course of the September quarter.