Greystone

Details

Published on Friday, 15 July 2011 12:17

Zamin Ferrous owns 100% of exploration licenses covering a large, low grade iron ore deposit adjacent to the town of Urandi in the south east of Bahia State, Brazil.

• Ongoing exploration has proven a 284 Mt JORC compliant resource, with a potential resource of 700 Mt.
• Positive mineral processing results with the ore easily being upgraded through magnetic separation, envisaging a product with Fe grade of 66.7%.
• An 8 Mtpa concentrate is targeted to be transported via rail from a processing plant at Urandi to the port.
• A Pre-Feasibility Study (PFS) was completed in conjunction with SNC Lavalin Minerconsult in May 2010.