Obviously the right blending of Iron Ridge and Shine ore is important. Using 7.76mt of ore in the feasibility study and three million tonnes was shipped upto the end of June. The shipping rate 1.3 mt p/a = 3.7 years of ore remaining unless more is found.
Iron Ridge feasibility study...............7.76 mt......Fe 63.9%.....SiO2 3.46%.......Al2O3 2.79%
Shine measured,indicated,inferred......9.9 mt....Fe 58.5%.....SiO2 9.98%.......Al203 1.53% (magnetite ore not included)
If Iron Ridge had 4.76 mt at the end of June the ratio is already 1:2
The Chairman said Iron Ridge output could be increased, how is this possible unless more high grade ore is found for blending?
A blend of 1:1 = Fe 61.2%.....SiO2 6.72%.....Al2O3 2.16%
A blend of 1:2 = Fe 60.3%......SiO2 7.81%......Al2O3 1.94%
AIMO.
Price of Iron Ore, page-1545
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