Maldorky Iron Ore Project
Maldorky is the highest grade Braemar Iron Formation iron ore deposit in the northeast of South Australia. It is located within 26 km of the Transcontinental railway line and approximately 90 km southwest of Broken Hill.
It contains a JORC Indicated Resource of 147 million tonnes of 30.1% iron at a cut-off grade of 18% iron. The deposit forms a 100 metre thick largely horizontal slab of massive iron ore.
The pre-feasibility study (PFS) is targeting a shallow open pit operation at a 10 million tonne per annum mining and processing rate.
A mining lease application has been accepted by the Department for Energy and Mining. Grant of the mining lease is subject to finalisation of a Native Title Mining Agreement that is being negotiated.
Investment opportunity
Havilah is seeking an investment partner to assist in funding a pre-feasibility study (PFS) with the right to participate in financing development of the project for an equity interest. Investment terms are flexible. Discussion is welcomed with interested parties who have the financial capability.
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Investor information
Documents
Project status update
Grant of a mining lease is pending subject to finalisation of a Native Title Mining Agreement
Ongoing PFS work is focusing on a low energy, low water consumption upgrading process to produce a high grade (65%) iron ore product
Project dependencies
Expected start date - Mining start date as yet undetermined as it is subject to completion of a PFS and grant of required mining approvals.
Expected end date - Undetermined, but expected to be >20 years based on current resources and a potential 5 million tonne per annum iron ore throughput.
Funding round finish date - Available for immediate investment to progress the PFS.
Technology utilised
Planning for a smart energy efficient conventional open pit mining and iron ore upgrading and pelletising plant that utilises modern technology including:
Low CO2 emissions with the majority of power from renewable sources due to the abundance of sunlight and wind in the area (energy storage via on site hydrogen production).
Surveying and pitwall stability monitoring to be controlled by a state of the art I-Site laser scanner.
Highly automated and innovative dry processing magnetic separation plant that minimises power and water usage and environmental impacts such as tailings storage.
Financial information
Investment sought: A$10M - A$50M
Project highlights
- Simple orebody geometry comprising a 100 metre thick flat-lying slab from surface. Comparatively low cost mining is indicated by the minor overburden and exceptionally low waste:ore ratio of 0.19:1.
- The ore is comparatively soft and the iron minerals are readily liberated with a low energy grind. A beneficiated (upgraded) product grade of 65% Fe can be achieved for a 40% product yield and an overall 85% Fe recovery with conventional, mostly dry processing methods. Unwanted element levels such as Al and P are low.
- Favourable logistics including a continuous, heavy duty rail line to the Spencer Gulf ports of Whyalla, Port Augusta and Port Pirie (and Port Waratah and Port Kembla in the east). The deposit lies 26 km south of the Transcontinental Railway and Barrier Highway and 90 km southwest of the major regional mining centre of Broken Hill with its skilled workforce.
Key organisations
- Havilah Resources Limited
Project timelines
Expected start date
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Expected end date
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Funding round finish date
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