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- GWR Group (GWR) is one step closer to becoming the next ASX iron ore producer after kicking off mining at the highly prospective C4 iron ore deposit
- The deposit forms part of the Wiluna West Iron Ore Project, situated in WA’s Mid West region
- Contract partner Pilbara Resources (PRG) is engaged for stage one of C4 operations, meaning it will mine, develop and transport the first million tonnes of the deposit’s iron ore resources
- Overall, C4’s mineral resource estimate sits at 21.6 million tonnes at 60.7 per cent iron
- The initial production blast, undertaken by Dynamic Drill and Blast (DDB), occurred on December 2
- Shares in GWR have surged 20.5 per cent and are trading at 23.5 cents
GWR Group (GWR) is one step closer to becoming the next ASX iron ore producer after kicking off mining at the highly prospective C4 iron ore deposit.
The deposit forms part of the Wiluna West Iron Ore Project, situated in WA’s Mid West region.
Contract partner Pilbara Resources (PRG) is engaged for stage one of C4 operations, meaning it will mine, develop and transport one million tonnes of the project’s 21.6 million tonne resource estimate at 60.7 per cent iron.
The first Production blast occurred on December 2 and was undertaken by
Dynamic Drill and Blast (DDB).
C4 is considered a highly prospective DSO iron ore deposit and is expected to produce high-grade, low impurity ore.
The first shipment of iron ore is expected to exported in January 2021.
Formal Mining Works approval to commence crushing and screening operations were granted by the Department of Water and Environmental Regulation on December 2.
The northern haulage road is more than 65 per cent complete and proceeding on schedule.
Meanwhile, discussions to finalise shipping and haulage contracts are well underway, according to the company.
GWR Chair Gary Lyons said he is excited to inform shareholders of commencing drilling operations.
“With production mining operations having commenced and with the current buoyant Iron ore price, we are eager to meet our target of first ore shipment in early 2021 and exploit this strong commodity cycle,” he said.
“This is a significant and historic milestone for the company moving GWR on step closer to becoming the next iron ore producer on the ASX.”
GWR Group (GWR) also recently secured access to the Port of Geraldton to export its iron ore from its WA Wiluna West Iron Ore Project.
The port access agreement allows GWR to export iron ore, produced at its high-grade C4 iron deposit, from site 88.
Shares in GWR have surged 20.5 per cent and are trading at 23.5 cents each at 1:37 pm AEDT.
