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GWR Group (ASX:GWR) granted key approvals for Wiluna West Iron Ore Project

Mining
ASX:GWR      MCAP $32.12M
28 August 2020 08:15 (AEST)

GWR Group (GWR) has been granted mining approvals, key to commencing production at the Wiluna West Iron Ore Project in Western Australia.

The Western Australian Department of Mines Energy and Safety approved the Mining Proposal, Clearing Permits, Mine Closure Plan and Project Management Plan relating to the C4 Iron deposit.

Additionally, the Federal Government Department of Agriculture, Environment and Water determined no assessment is required in relation to mallee fowl, under the Environment Protection and Biodiversity Conservation Act.  

GWR Chairman Gary Lyons said the granting of approvals is a significant step along the path to production at the Wiluna.

“Current strong iron ore prices provide a unique opportunity for the Company and the Wiluna West Iron Ore Project, an exceptional, direct-shipping iron ore development project, which will produce a high grade, low impurity iron ore.”

The C4 Deposit has been defined as a 1.4-kilometre long area of direct shipping ore (DSO) hematite. It has an indicated and inferred Mineral Resource Estimate of 21.6 million tonnes at 60.7 per cent iron.

The Stage One C4 Project will target a 500-metre outcropping section of this strike length which exhibits high-grade DSO hematite mineralisation.

GWR has sought expression of interests from mining, crushing and trucking contractors, which have been integrated into the feasibility study being undertaken.

Mine designs and schedules have also been completed and the company is working towards gaining port access in either Geraldton or Esperance.

Shares have been trading 113 per cent higher at 16 cents at 1:15 pm AEST.

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