- GWR Group (GWR) has commenced the road haulage of high-grade ore from its C4 deposit to the Port of Geraldton
- GWR says this is another significant production milestone in the transportation of stockpiled material
- On Monday, the company signed a road transport contract with QEM Group Australia to facilitate the transportation
- GWR remains on track to meet its target of first ore shipment which is expected in late January
- GWR is up 5.45 per cent and shares are trading at 29 cents
GWR Group (GWR) has already commenced the road haulage of high-grade ore from its C4 deposit to the Port of Geraldton.
On Monday, the company and its alliance partner, Pilbara Resource Group, signed the road transport contract with QEM Group Australia. This contract will facilitate the transport of ore from the C4 mine site in Wiluna to the Port of Geraldton.
The company says this is another significant production milestone.
High-grade ore is currently being stockpiled at the site, with GWR expecting the first shipment in late January.
The road haulage contractors, QEM Group Australia, will continue to ramp up the number of trucks needed to complete the stage one development, within 12 months.
Stage one of the development covers the first one million tonnes of C4’s mineral resource estimate, which weighs in at 21.6 million tonnes at 60.7 per cent iron.
“I am very pleased to advise shareholders that road haulage of the high-grade ore from the mine site at the C4 deposit to our storage facility (Site 88) at the Port of Geraldton has commenced,” Chairman Gary Lyons said.
“GWR remains on track to meet our target of first ore shipment in early January 2021 and exploit this strong commodity cycle,” he added.
On the market today, GWR is up 5.45 per cent and trading at 29 cents per share at 12:39 pm AEDT.