Talisman Mining has received the Scoping Study for the Wonmunna Iron Ore Project in the Pilbara region of Western Australia from AMC Consultants (AMC).
The Wonmunna Iron Ore Project is located 70 km northwest of Newman, near existing rail and road infrastructure and mines including Hope Downs, West Angelas and Mining Area C.
According to the company, the Scoping Study considered a number of potential development scenarios for Wonmunna and concluded that the Project is potentially economic based on production of between 2 Mtpa and 5 Mtpa, with ore sold to one of the existing nearby mining operations.
Further material evaluations of the project and a feasibility study are required, according to Talisman.
“Talisman believes the results of the AMC Scoping Study on the Wonmunna Project are encouraging and in light of this, the company will now continue work to evaluate the project including considering strategic alternatives related to marketing and sales options for Wonmunna,” the company said in a statement to the ASX.
“This may include the potential for mine gate sales, infrastructure sharing or other arrangements, strategic options for a joint venture, or other mechanism to realise value from the Wonmunna Project.”