PERTH, Oct. 30, 2015 - Nevada Iron Ltd. (the "Company") (ASX:NVI)(TSX:NVR), an Australian based resource company focused on the development of the Buena Vista Iron Project, which is located in Nevada in the United States.
HIGHLIGHTS
Water Pollution Control Permit received July 7, 2015, the final of the three major permits required.
Air Pollution Control Permit received April 3, 2015.
Application to locate the rail loading facilities on Bureau of Reclamation lands submitted.
Bureau of Land Management is processing the plan of development for the power line Right-of-Way submitted in February 2015.
During and subsequent to the quarter, the Company issued 18.8 million shares to raise $940,000 and issued 15.2 million shares to satisfy various debts.
The Company continues to evaluate mineral opportunities in the Americas.
OVERVIEW
Near surface resource
Very low waste to ore ratio (<0.5:1)
Easy metallurgy with a coarse grind producing a high grade (67.5-69% Fe) clean concentrate
Close to existing nearby transport infrastructure and no requirement to build significant
infrastructure, eg a rail line
Access to multiple existing ports
Manageable capital cost
Stable and mining friendly jurisdiction
Favourable climate for construction and operations
No government royalty imposts
Permitting almost complete
Phase 1 project on private land, which made permitting less onerous
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Contact
Nevada Iron Ltd. Michelle McAuliffe +61(8) 9481 6006 michelle.mcauliffe@nv-iron.com http://www.nv-iron.com
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PERTH, Oct. 30, 2015 - Nevada Iron Ltd. (the "Company") (ASX:NVI)(TSX:NVR), an Australian based resource company focused on the development of the Buena Vista Iron Project, which is located in Nevada in the United States.
