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- GWR Group (GWR) achieves steady state production with road haulage exceeding 3000 tonnes per day at the C4 Iron Ore deposit in Wiluna
- The company has penned a deal with a privately owned haulage and logistics company in WA, increasing the tonnage of its deliveries to the Port of Geraldton
- GWR says it is on track to meet its one million-tonne production target for stage one of development by the end of December
- The company has secured a 15,000-tonne transfer facility and is focussed on increasing its shipments to Hong Kong-based offtake partner, Pacific Minerals
- Company shares are up 8.6 per cent to 31.5 cents each at 11:27 am AEST
GWR Group (GWR) has achieved steady state production with road haulage consistently exceeding 3000 tonnes per day at the company’s wholly owned C4 Iron Ore deposit in Wiluna, Western Australia.
GWR has reportedly signed a haulage agreement with one of the largest, privately owned haulage and logistics groups in WA, enabling the company to expand its operations and deliver increased tonnage to the Port of Geraldton.
Following the improved haulage rates, and for the first time since production began, GWR has secured its second shipment for June, which is due to be loaded with high-grade lump ore at the port between June 24 and 28.
The company is expecting to ship at least twice per month thereafter and remains on track to complete its one million-tonne stage one production target by the end of December.
GWR’s chairman Gary Lyons said of the operations: “Having now reached steady state production on stage one, the team has set its sights on increasing production still further, targeting haulage of consistently 4000 tonnes per day to the Port of Geraldton, which will enable two vessels per month and allow the targeting of a third shipment every second month.
“Furthermore, to facilitate the continued increase in haulage, we are pleased to have secured a 15,000-tonne capacity transfer facility.”
Given its ongoing improvements in haulage, planning and operations, GWR is focussed on further increasing its shipping frequency.
The company is targeting a third shipment every second month from October to deliver shipments to its Hong Kong-based offtake partner, Pacific Minerals.
A progress update on stage two is expected shortly.
On Wednesday, GWR Group shares were trading 8.6 per cent higher at 31.5 cents at 11:27 am AEST.
