Released the same day (16th April) as the Q3 report was MRL's Strategy Overview.
The Ashburton Hub that contains Bungaroo South and Kumina Iron Ore deposits is construction ready August 2021 for a planed 2 year build.
MRL's 5 year growth strategy for the Ashburton Hub is 30mtpa.
The planed Ashburton Hub 2 year build could bring BCI royalty revenue of 3m p/a and 13m p/a approx from MRL's 5 year growth strategy.
A payment from MRL to BCI of 14m for Bungaroo, and 4m for Kumina is due upon certain project milestones.
Released the same day (16th April) as the Q3 report was MRL's...
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