Amex Resources Exercises Lease Option for Fiji Project

11 July 2011 (Last Updated July 11th, 2011 18:30)

Amex Resources has exercised its option for a 45-year lease at Lautoka Port, after receiving positive results from the pre-feasibility study of the MBA Delta Ironsands Project in Fiji. The site will provide stockpile and export facilities for the magnetite concentrate, including a bert

Amex Resources has exercised its option for a 45-year lease at Lautoka Port, after receiving positive results from the pre-feasibility study of the MBA Delta Ironsands Project in Fiji.

The site will provide stockpile and export facilities for the magnetite concentrate, including a berth suitable for Handymax-sized vessels.

The site will consist of a barge unloading facility, washing plant, a 200m x 50m covered stock pile area, ship loading facilities, workshops and offices.

Amex Resources managing director Matthew Collard said that port facility is an integral part of the project and that construction will start in the coming months.

The firm has scheduled the start of production for the final quarter of 2012.