Source: GWR Group
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • GWR Group (GWR) engages Paul Leidich, to conduct desktop studies for its Wiluna West Iron Ore Project (WWIOP) in Western Australia
  • Mr Leidich is an experienced study manager who’ll assess the opportunity to exploit a large portion of the WWIOP’s 131-million-tonne resource
  • The study will assess using the Port of Esperance which is considered attractive given it’s linked by an existing railroad from Leonora and has a much larger capacity than the Port of Geraldton
  • The second stage will include rail wagon unloading, port storage and ship loading solutions
  • Company shares are down 3.66 per cent and trading at 39.5 cents

GWR Group (GWR) has engaged study manager, Paul Leidich, to conduct desktop studies for its Wiluna West Iron Ore Project (WWIOP) in Western Australia.

Mr Leidich specialises in logistics and materials and is therefore considered suitable to assess the project delivery components such as infrastructure, logistics and port options for exporting direct shipping ore (DSO) product on a sustained long term basis from the WWIOP.

If successful, this could provide GWR with the opportunity to exploit a large portion of its 131.1 million tonnes at 60 per cent DSO resource within the iron ore project.

GWR Group expects to mine iron ore at the WWIOP at an annual rate of seven million tonnes for a 10-year period.

The first stage of this study includes assessing the possibility to build a railroad or a private multi-user haul road to Leonora as well as a rail upgrade between Leonora and Kalgoorlie.

The study may offer a pathway and access through the Port of Esperance which is considered attractive given it’s linked by an existing standard gauge railroad from Leonora. It’s also able to accept vessels with a capacity of about 150,000 tonnes compared to the Port of Geraldton which is only up to 60,000 tonnes.

The second stage will include rail wagon unloading, port storage and ship loading solutions.

GWR Chairman Gary Lyons was pleased to have engaged Mr Leidich for the study.

“We believe defining new or improving upon existing infrastructure and port solutions is a positive move and a reflection of the confidence the board has in being able to define a long term route-to-market even through lower iron ore prices.”

Company shares were down 3.66 per cent and trading at 39.5 cents at 11:21 am AEST.

GWR by the numbers
More From The Market Online

Patagonia grows portfolio of REE and lithium-focused territory with exploration grants

Patagonia Lithium Ltd has been granted an additional 15 exploration licences in Argentina where it is…

The curious tale of Poseidon Nickel’s restart of works at Lake Johnston

Poseidon Nickel – now a penny-stock – has announced it's restarted exploration at Lake Johnston a…

Tambourah gets state govt grant for drilling at namesake gold project in WA

Tambourah Metals Ltd is set to prioritise diamond drilling at flagship gold project in WA after…

Vulcan smashes through $5/sh resistance level as final funding stage live

Vulcan Energy Resources has been on a comeback story YTD in 2024. It's now at the…