Australasian Resources said its Balmoral South iron ore project has received final state government environmental approval.
The Balmoral project has a projected 25-year life span and can mine up to two billion tons of magnetite iron ore at a rate of up to 80mtpa and produce pellets and concentrate for export at a rate of up to 24mtpa.
Go deeper with GlobalData
Its subsidiary International Minerals currently has the contractual rights to mine one billion tons of magnetite ore from which it plans to produce 12mtpa of high-grade concentrate and pellets.
The Balmoral deposit, the world’s largest undeveloped magnetite resource, has the potential to host 60 to 100 billion tons of magnetic banded iron formation.
The company has already completed a feasibility study on the project, located south-west of the town of Karratha, Australia.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
