......Or Legacy and Hawthorn could work out another development opportunity.
“If [neighbouring mine developer] MacArthur Minerals. (ASX:MIO) build the Lake Giles project we may get easy access to the railway line and the port,” Gupta says.
“We have not decided anything yet, but there is a possibility.”....POSTED 16/12/2020 '*'
MIO CURRENTLY IN A TRADING HALT....until 8/2/21.......
The trading halt is requested pending the release of a material project announcement.
Lake Giles Iron Ore:
Inferred Mineral Resource consisting of 1,316 Mt @ 30.1% Fe.
Goal: Iron ore exports through the Port of Esperance during the 2020 financial year totalled 7,378,420 tonnes
(Source: Southern Ports Authority Annual Report 2020). At this level, capacity on the Berth 3 iron ore ship
loader remains materially underutilised when compared with the level of iron ore exports that occurred prior
to the region’s major producer, Cliffs Natural Resources, leaving the Australian market in mid-2018.
New technique to unload at port.....
1.....In July, the company appointed RCR Mining Technologies to examine the potential to develop a rail unloading technology, dubbed the Helix Dumper, at Esperance Port. This unloading technology has been used in Scandinavian magnetite operations for several years.
2...."We are delivering industry-led solutions that are committed to supporting the principles of open access. That is the right thing to do, but it’s also smart business in a region where we intend to be operating for a long time," he said.
Interesting .. if LEGACY IRON are inactive maybe somebody else doing the heavy lifting can give them an incentive to move forward....
....Following a review of all exploration and drilling data, Legacy is of the opinion that based on the exploration undertaken to date and the likely strike extent of the host BIF units, there is an exploration target for magnetite mineralisation in the order of 1–1.5 billion tonnes grading between
30% and 40% (See foot note 1). There also exists significant potential for the definition of shallow DID and DSO hematite iron ore resources that could provide early stage mining.....from an ASX announcement 25/11/2010...
WHERE TO FROM HERE.....!!!????!!!
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