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- Juno Minerals (JNO) has taken another step forward with work at its Mount Mason hematite project in the Central Yilgarn region of WA
- The company has been presented with major packages for tenders for Mount Mason and says evaluation and clarifications are nearing completion
- However, Juno Minerals says it will defer its financial investment decision on the project until stability returns within the iron ore and freight markets
- JNO is now targeting the second quarter of 2022 for completion of construction and commencement of operations
- Juno Minerals is down 3.45 per cent, trading at 14 cents
Juno Minerals (JNO) has taken another step forward with work at its Mount Mason hematite project in the Central Yilgarn region of Western Australia.
Juno Minerals, a new company made up of Jupiter Mines’ demerged iron ore assets, is the sole owner of two iron ore projects within the Yilgarn region. The projects include the Mount Mason DSO hematite project and the Mount Ida magnetite project.
The company has been presented with major packages for tenders for Mount Mason, which are being evaluated by Juno and the project team. Evaluation and clarifications are nearing completion, with a shortlist of contractors for major packages expected by the end of October.
However, Juno Minerals said it has deferred its financial investment decision on the project until stability returns to the iron ore and freight markets. Despite this, work will continue at the site to ensure the project is shovel-ready ahead of development and production.
Meanwhile, Juno Minerals’ environmental approvals team is still in talks with the Department of Mines, Industry Regulation and Safety (DMIRS) for its resubmitted Native Vegetation Clearing permits and the Department of Water and Environmental Regulation (DWER) for works approval.
Juno said it expects to have all approvals in place by the end of November.
Subject to iron ore and freight market conditions, Juno is targeting the second quarter of calendar year 2022 to complete construction and commence operations.
Juno Minerals was down 3.45 per cent, trading at 14 cents at 12:20 pm AEDT.
