Posted in | Iron Ore | Mining Business

Central Iron Ore Receives Exploration Licenses in Western Australia

Central Iron Ore Ltd. (TSX VENTURE:CIO) has announced that three of its applications for exploration licences that are prospective for the occurrence of Iron Ore in Western Australia have now been successfully granted. It is expected that the remaining tenements will be granted over the coming months.

The company now has a total of 9 tenements covering 633km2 that are located within the Yilgarn Iron Ore Province ("YIOP"). The YIOP is considered highly prospective, given its history of large-scale iron ore production, with the Cliffs Natural Resources-owned Koolyanobbing operation (also formerly operated by Portman Limited) currently producing at a rate of about 8Mtpa of Direct Shipping Ore ("DSO"). The YIOP is increasingly being recognised as an attractive location for the development of Iron Ore, given its proximity to rail and access to ports.

Yilgarn Iron Ore Project Area

The company believes its greater YIOP tenement package provides a significant platform for the exploration for Iron Ore and will provide a significant, new future phase of growth for the company.

The initial strategy and objective of the company is to evaluate the occurrence of both magnetite ore and direct shipping ore within the above tenements to gain an initial understanding of their respective resource potential.

Work is currently underway in this regard and it is expected that future announcements regarding both the project status and their resource potential will follow as appropriate preliminary assessment work is now in progress.

QUALIFIED PERSON

Mr. Andrew Spinks B.App.Sc, Grad.Dip (Mining), a member of AusIMM, and a consultant geologist, is a Qualified Person as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101").

Source: Central Iron Ore Limited

Citations

Please use one of the following formats to cite this article in your essay, paper or report:

  • APA

    Central Iron Ore Limited. (2019, February 18). Central Iron Ore Receives Exploration Licenses in Western Australia. AZoMining. Retrieved on May 15, 2021 from https://www.azomining.com/News.aspx?newsID=3402.

  • MLA

    Central Iron Ore Limited. "Central Iron Ore Receives Exploration Licenses in Western Australia". AZoMining. 15 May 2021. <https://www.azomining.com/News.aspx?newsID=3402>.

  • Chicago

    Central Iron Ore Limited. "Central Iron Ore Receives Exploration Licenses in Western Australia". AZoMining. https://www.azomining.com/News.aspx?newsID=3402. (accessed May 15, 2021).

  • Harvard

    Central Iron Ore Limited. 2019. Central Iron Ore Receives Exploration Licenses in Western Australia. AZoMining, viewed 15 May 2021, https://www.azomining.com/News.aspx?newsID=3402.

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
Submit