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1.3¢ legacy iron ore limited

Ann: HAW: Mt Bevan Agreement Completion, page-53

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Magpies123

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180

09/04/22

10:28

Post #: 60755885
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Originally posted by Happy_cup: ↑

Mt Bevan is considered to have excellent potential to develop substantial DSO hematite and magnetite iron resources that are located close to existing road, rail and port facilities
One of the drivers of ongoing development of iron ore projects within the Central Yilgarn is the accessibility of port facilities at Esperance by local rail.
A development of Mt Bevan would hook into an existing rail line at Menzies, which would need to be upgraded; however, developers understand that infrastructure upgrades, to carry greater ore capacity can be completed at reasonable capital cost.
The rail line runs south to Esperance, the export port for 9 million tonnes of direct-shipping iron ore produced by U.S. group Cliffs Natural Resources (NYSE: CLF) (Market Cap: US$14.1b) at the Koolyanobbing operation, 50 kilometres south of Southern Cross.
It is believed that the government-owned Esperance port is an expandable hub.

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it is great news hope everyone will understand it. Need some more bis players come in to the arena
Fund managers please note

LCY Price at posting: 3.2¢ Sentiment: None Disclosure: Not Held
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0 Great analysis

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