CZR Resources is set to cut costs for its developing Robe Mesa iron ore operation in WA’s Pilbara region after putting in place a memorandum of understanding with the owners of the port facilities at Onslow. The privately-owned Beadon Creek facilities at Onslow are located 180km to the west of the company’s developing iron ore project.The use of Beadon Creek will drastically reduce the haulage distance from the mine gate to port and should positively impact on the company’s financial studies.CZR’s recently released pre-feasibility study, or “PFS” had proposed using the Utah Point bulk handling facility at Port Hedland, which is 420km from Robe Mesa by road - the proposed use of the Onslow port would cut the transport distance by nearly two-thirds.
CZR Price at posting:
1.6¢ Sentiment: Hold Disclosure: Held
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