Central Eyre Iron Project
The project will develop a 4,510 Mt magnetite mineral resource on the Eyre Peninsula by open cut mining methods. Production is planned to be 12 Mtpa of high grade (66.7% Fe) premium iron concentrate over a period exceeding 22 years. The concentrate will be transported to a deep water port located at Cape Hardy for export using Capesize vessels. The total capital requirement for the project is US$1.74B, with a total operating cost of US$44.50/wmt.
Investment sought: A$2.5B
- Largest magnetite ore reserve in Australia (and one of the largest undeveloped magnetite mineral resources globally).
- Relatively low capital and operating requirements.
- Sought after, very marketable high grade, low impurity premium product.
- Iron Road Limited
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