Thursday, March 5th, 2020

AUSTRALIA: Havilah Resources which controls three iron ore deposits in South Australia has signed a non-binding memorandum of understanding for future use of port, rail and transhipment facilities at the Playford site near Port Augusta which has been leased by Port Augusta Operations.

‘Port Augusta Operations’ proposed port and transhipment facility is approximately 300 km by existing rail link from Havilah’s Braemar iron ore deposits, so it potentially provides a favourable logistical solution for us’, said Havilah’s Technical Director Dr Chris Giles on February 28. ‘Our Maldorky and Grants iron ore deposits in turn are located in close proximity to the transcontinental rail line, meaning reduced capital expenditure on logistics.

‘Given the almost zero overburden, soft nature of the iron ore and its amenability to upgrade to a high yield, high quality 65% iron product, we think the availability of this new port facility will potentially help to make our iron ore deposits internationally competitive.’

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