ASX Price $14.99 0.49

Marillana Iron Ore Project

As part of our Farm-In and Joint-Venture agreement (JV) with Brockman Mining Limited, we have the potential to earn a 50% interest in the Pilbara-based Marillana iron ore project. The Marillana Project is located in the Hamersley Iron Province within the Pilbara region, approximately 100km north-west of the township of Newman.

We are aiming to produce and deliver the Marillana iron ore product to China on a lowest-quartile cost basis globally. Under the agreement, we will initially develop and operate a 20Mtpa iron ore export product capacity, with the potential to increase to 30Mtpa.

With a demonstrated ability to develop world-class mining projects on time and on-budget, we will be developing the mine site, including haul roads, an accommodation village, a power station and an airport.

With our experience in mining services, we will enter into a life-of-mine Build-Own-Operate contract to undertake the crushing, processing and train load out of the site as well as a mine-to-port transport and ship loading contract JV.

The on-site and mining services capability that we bring to the project will be fully complemented by the low operational cost benefits that will be realised through our Pilbara Infrastructure Project by utilising our innovative lightweight mine-to-port rail system linked to a capesize carrier berth in the world’s largest bulk commodity port at Port Hedland to deliver the Marillana product from the mine to a ship when fully operational.

For the Marillana Iron Ore Project significant species register click here