Wiluna West Iron Ore
GWR IS SUCCESSFULLY TRANSITIONING FROM EXPLORER TO ACTIVE MINER. THE COMPANY is a well-funded resource house, developing a portfolio of mineral commodity projects that includes projects held in its own right, in joint venture and indirectly through investment in other listed entities.
The Wiluna West Iron Ore Project, is an exceptional, DSO iron ore development project, which will produce a high grade, low impurity iron ore as metallurgical tests have demonstrated.
The Wiluna West project has a 2004 JORC Code compliant Resource totalling 130.3 million tonnes at an average iron grade of 60% Fe, including 69.2M tonnes of Probable Reserves at 60.3% Fe (refer Annual Resources and Reserves Statement contained in the 2016 Annual Report and as set out below). This information was prepared and first disclosed under the JORC Code 2004. It has not been updated since to comply with the JORC Code 2012 on the basis that the information has not materially changed since it was last reported.
Mining approvals are in place for large scale mining operations (up to 7Mtpa) over an initial mine life of 10 years. GWR has commenced development of the WWIOP. At its C4 deposit, mining and transportation of ore has begun with stockpiling occurring at Geraldton Port and first ship expected to export early in 2021.
GWR Group is proud to highlight its rapid and efficient, low cost, development of its C4 deposit at Wiluna West.
It is envidaed that Stage 1 of C4 will lead to further exploitation of Wiluna West.
In conjuction with its alliance partner Pilbara resource Group (PRG) Stage 1 of the C4 mining operations is under way.
The first 1 million tonnes of C4’s Mineral Resource estimate of 21.6 million tonnes at 60.7% Fe with assessment and modelling currently underway to increase production tonnage on Stage 1. Under the Joint Venture with PRG, GWR is required to provide minimal capex and opex, will retain 70% share in the project profit as well as retaining the rights for ore sales, strategy and timing. The current review being undertaken by GWR on its entire Wiluna West Iron Ore project is progressing very well with regards to increasing the production tonnage at Stage 1 (C4 Iron deposit) and optimising the remaining ~20 million tonnes1 to be optimised for Stage 2 whilst discussions with interested parties have commenced.
Other than at C4, GWR currently has mining approvals in place for the C3 and Bowerbird deposits which permit the mining of a combined 7 million tonnes per annum. The emphasis being placed on this review is to focus on high grade portions of deposits, which have low strip ratios and can be bought to production in the most effective manner in order to maximise the benefits to shareholders from the current buoyant Iron Ore prices.
Pictures: C4 Minesite, ROM stockpile and crushed ore stockpile as of 15th December 2020