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Cape Lambert是家铁矿石公司
Cape Lambert Iron Ore Project
After the successful acquisition of the Cape Lambert Iron Ore project, Cape Lambert Iron Ore Ltd (ASX:CFE) have commenced a bankable Feasibility study ("BFS"). The collective skills of the Company's Board and management are focusd on the Cape Lambert project and completion the first phase, being the BFS.
The Cape Lambert Iron Ore project has an area of 223 square km, located in the Northern coastal Pilbara region of Western Australia . The resource is a JORC Code compliant resource of 2.5 billion tonnes @ 30% Fe (250 m depth & 25% Fe cut off) 1.4Bt Indicated Resource, 1.1Bt Inferred Resource. The Deposit appears to be open to the north, west and South and also at depth indicating potential for significant upside if further drilling were undertaken. There appear to be a number of other higher-grade target areas that lie within the project area. CFE has advised that upon successful completion of the BFS, the project would be expected to be in production in late 2009, with production likely to be between five and seven million tonnes of iron ore concClick image to download high resolution versionentrate per annum.
The resource is located 5kms from the coast, 10 kms from Rio Tinto’s Cape Lambert iron ore port with direct connection to nearby infrastructure (highway, gas and power) and the townships of Karratha, Roebourne and Wickham. The projects favourable location also places it close to nearby Port Dampier and Port Hedland, that provide alternate export ports to overseas markets.
The initial project NPV for 100% of the project using a production output of 7 mtpa is A$303. The Cape Lambert property has been valued using the discount to face value resource method by MacKay &Schnellmann geological and mining consultants. The projects Technical Value (not prepared in accordance with the Valmin Code) is considered to be in the range A$251 million to A$377 million with a preferred Technical Value being A$314 million.
A major Chinese Group, Shandong Yuansheng International Trading Co.Ltd., (Shandong) has provided written advice confirming it’s intention of taking a significant equity stake (equivalent to either 19.9% or 50 million shares) in CFE. In return CFE will agree to give Shandong “first right of refusal” to negotiate an off-take agreement for the production from the Cape Lambert iron ore project. This agreement does not preclude CFE negotiating with other groups for equity and/or off-take from the planned mine.
Newly appointed Technical-Director, Mr. Brian Maher , who has over 40 years experience in the mining industry with 10 years in the iron ore industry, provides the Company with the knowledge and experience to further progress the BFS phase of the project.
To view and download the JORC Resource Report Click Here
