Dynasty Metals Australia Limited: Presentation to Mines & Money Beijing Conference
21.06.2012 | ABN Newswire
Sydney, Australia - Dynasty Metals Australia Limited (ASX:DMA) Presentation to Mines & Money Beijing Conference. The following summary outline is expanded in the presentation available on the link below.Dynasty Metals owns 100% of its prospective iron ore and base metal tenements in the Pilbara:
Granted = 3,543 km2 | Application Pending = 372 km2
- Only 10% of these areas have been intensively explored
- The flagship Spearhole Iron Project will produce 120-170 million tonnes of iron ore concentrates according to the current beneficiation study
- Northeastern University (China) commissioned to further improve the Fe grade and production yield, aiming to produce more than 200 Mt @ 60%+ Fe concentrates
- Drilling is underway to test new areas, targeting more iron discovery including direct shipping grade deposits (> 58% Fe)
- A Scoping Study by MPS confirms Spearhole Project is economically viable, producing 5 million tonnes per year over 25 years of mine life
- Favourable infrastructure development in Pilbara as announced by QR to construct a 4th rail line connecting from Port Hedland to East Pilbara
- Dynasty Metals aims to commence iron ore production by 2015
View the presentation here:
http://media.abnnewswire.net/media/en/docs/ASX-DMA-593807.pdf
About Dynasty Metals Australia Limited:
Dynasty Metals Australia Ltd (ASX:DMA) is an emerging Australian iron ore exploration company focused on developing its 100%-owned tenements at Prairie Downs in Western Australia's Pilbara region.
In March 2010, Dynasty announced initial JORC-Compliant Inferred Resources of 453 million tonnes of Detrital Channel Iron and 23.3 million tonnes of Marra Mamba Iron Formation.
The 2010 exploration programs are underway and are aimed at further testing and significantly expanding the current resources, as well drilling a large iron-rich basal conglomerate for the first time. The exploration target is more than 1 billion tonnes of iron.
During 2010, Dynasty plans to commence detailed commercial investigations that will cover preliminary mine planning, beneficiation process design, mining and processing costs, transport infrastructure, capital costs, environment and native title clearances, and government approvals. A pre-feasibility study is anticipated to commence in late 2010.
Contact:
Dynasty Metals Australia Limited
T: +61-8-9426-8999
F: +61-8-9426-8900
www.dynastymetals.com.au
