The Koolyanobbing operations within the hub involve mining iron ore from banded iron formations which are transported via road and exported through the Port of Esperance. Minres reported costs expected to be at the upper end of the FY23 guidance range of $73-$83 per tonne. This was highlighted in their Q4 FY23 Quarterly Exploration and Activities. Re-affirmed for FY 24. Compare that with Onslow....
Yilgarn doesnt fit the >20% ROIC stratgey and falls victim to the short life high cost, to long life low cost mining operations strategy. Lucky MinRES have a large portfolio that can absorb hopefully a lot of the personal.
Onslow Pilbara Yilgarn 1 Tenure 35 years plus Short-term Short-term 2 FOB Cost USD46/t ~USD100/t ~$73 - $83/t 3 Production MTPA 35+ 10.00 8.00
Ann: Yilgarn Hub Update, page-25
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