Beebyn-W11 project iron-ore project, Australia
Photo by ©Reuters
Name of the Project
Beebyn-W11 project iron-ore project.
Location
Midwest region of Western Australia.
Project Owner/s
Fenix Resources.
Project Description
Beebyn-W11 is based on a direct shipping iron-ore operation.
A feasibility study has revealed a high-grade and -quality project that provides strong returns over the life of the mine.
The project has an estimated maiden ore reserve of ten-million tonnes (dry basis) at an average grade of 62.2% iron and includes 8.3-million tonnes in proven and 1.7-million tonnes in probable ore reserves.
Ore will be crushed and screened on site and separated into lump and fines product before being trucked to the Geraldton port.
Production is estimated at 1.5-million tonnes (dry basis) a year over a 6.7-year mine life.
Potential Job Creation
Not stated.
Net Present Value/Internal Rate of Return
The project has a pretax net present value, at a 10% discount rate, of A$150.9-million and an internal rate of return of 189%, with an after-tax payback of 1.1 years.
Capital Expenditure
The project will require an investment of A$22.9-milllion.
Planned Start/End Date
First production is expected in early 2025.
Latest Developments
None stated.
Key Contracts, Suppliers and Consultants
None stated.
Contact Details for Project Information
Fenix Resources, tel + 61 8 6285 0456 or email info@fenixresources.com.au.
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