a real conundrum, page-10

And Rio would process it where - they are nowhere near the deposit

The only way that Shovelanna would ever be developed is if BHP need it and would be prepared to pay for it.

BHP don't need it. They have over 10 billiton tonnes of iron ore and they are supply constrained. Shovelanna isn't a great deposit, its diluent ore that needs to be blended with higher quality tonnnes. Under normal conditions BHP wouldnt sniff at it

CAZ had a brief opportunity to do a deal when BHP were keen to show the WA gov that they could work with small iron ore companies. They may win in court, but if so its likely to be of little consequence.