- Shree Minerals (SHH) looks to recommence operations at the Nelson Bay River Iron Project after signing a storage and loading arrangement with Tasmanian Railway
- The explorer signed an agreement with Tasmanian Railway for iron ore storage and ship loading at TasRail’s export facility in the Port of Burnie
- Shree says it has submitted a draft environmental and development proposal to Tasmania’s Environmental Protection Agency for Nelson Bay River Iron
- The company hopes to be in a position to consider a formal decision for recommencing the mine once the environmental permit is granted
- Shree Minerals shares are up 8.33 per cent to trade at 1.3 cents
Shree Minerals (SHH) could be looking to recommence operations at the Nelson Bay River Iron Project after signing a storage and loading arrangement with Tasmanian Railway.
The explorer announced to the market this morning that it had signed an agreement with Tasmanian Railway Pty Ltd, or ‘TasRail’, for storage and ship loading of iron ore.
The ship loader and warehouse are operated by TasRail or the TasRail Bulk Minerals Export Facility, which is situated within the Port of Burnie in Tasmania.
According to Shree, the agreement secures the infrastructure for shipping of Direct Shipping Iron Ore DSO from the project.
The Nelson Bay River Iron Project Project is located in the far north-west of
Tasmania, approximately 150 kilometres from the Burnie Port.
Shree Mineral’s existing permit for a deposit at the project has been subject to previous legal issues.
Shree said it has since applied for a new Tasmania environmental permit and submitted a draft Development Proposal & Environment Management Plan to Tasmania’s Environmental Protection Agency.
“On that basis, the company hopes to be in a position to consider a formal decision for recommencement of the mine, once the environmental permit is granted after completion of the assessment process,” the company’s statement read.
The NBR project was placed on care and maintenance in June 2014 following sharp iron ore price falls, according to Shree.
Shree Minerals shares were up 8.33 per cent at 11:20 am AEST to trade at 1.3 cents.