- Strike Resources (SRK) has secured access to a port in Port Hedland as it gears up for its first ore shipment in July
- The company has executed an agreement with the Pilbara Ports Authority for the export of 200,000 tonnes of iron ore per financial year
- Alongside the ports deal, SRK is working to secure a sales contract with a Chinese steel mill customer for its first ore shipments
- The company aims to export 55,000 tonnes of lump ore by the end of July
- Shares in Strike Resources are up 13.64 per cent to 12 cents each at 10:43 am AEST
Strike Resources (SRK) has secured access to a port in Port Hedland as it gears up for its first ore shipment in July.
The company executed a Combined Multi-Users Access and Licence Agreement (MUA) with the Pilbara Ports Authority for the export of 200,000 tonnes of iron ore from its Paulsens East project per financial year.
The MUA is subject to Strike and the Pilbara Ports Authority finalising a logistics plan to the Utah Point Multi-User Bulk Handling facility.
SRK said it was eventually hoping to use the Port of Ashburton, which would reduce costs and was closer to the Paulsens East mine site in the Pilbarra.
The company said it was expecting to receive environmental approvals for the use of the Port of Ashburton shortly. This would allow for the export of 1.8 million tonnes per annum of iron ore from this more southern port.
In the meantime, SRK is working to secure a sales contract with a Chinese steel mill customer for its first ore shipments.
It is aiming to export 55,000 tonnes of lump ore by the end of July.
Wet weather has hindered mining operations at Paulsens East, but the company has mobilised more equipment to ramp up production and ensure quality.
This includes new ore sorter technology, which will facilitate the production of a higher-grade product.
Construction of the haul road is nearing completion, which will connect the project to a public road for easier transportation.
Shares in Strike Resources were up 13.64 per cent to 12 cents each at 10:43 am AEST.