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Flinders is actively preparing for its drilling programme in 2008 within E47/882, to test its resource targets in light of the exciting nearby recent CID finds by Rio Tinto and FMG. There is strong technical evidence to support the continuation of these CID deposits into FDL’s 100% owned E47/882. Flinders has been discussing its drilling requirements with several contractors and it is anticipated a four to six month contract will be let for the job.
Quotations for iron ore assays from several laboratories are being pursued with an aim of achieving the fastest assay turnaround time possible.
Flinders will ensure that all drilling methods and elements assayed are in line with industry requirements for resource estimation and export specifications.
Heritage and Work Program Clearances
Flinders has compiled Heritage survey data which is ready to be submitted for site clearances over the next two to three months. Data to submit to DOIR for work program approvals has also been prepared.
Project Logistics
Progress has been made in engaging a Flinders Diamonds iron ore geological team for the 2008 field season.
The procurement of supplies and equipment for construction of the field camp and access roads has also commenced.
The Flinders Hamersley iron project has potential for rapid advancement due to the close proximity of rail infrastructure to its resource targets. A rail system has been established by Rio Tinto to export iron ore through the port of Dampier. FMG are currently constructing a rail system to the Chichester Ranges to export their new iron deposits through Port Hedland. This rail line will have a spur line called the “Kennedy Spur” which is currently being designed and is in the approvals process stage (Figure 1).
Rising iron ore prices increase the chances of tapping the iron ore wealth of Flinders Hamersley iron project for shareholders