The Iron Valley project is operated by MRL (on tenements held by BC Iron) and is located approximately 75km north west of Newman and approximately 75km south-south east of the Auski Tourist Village (Munjina) in the Central Pilbara Region of Western Australia. The project is strategically located within close proximity to existing infrastructure and is bordered by tenements owned blue chip mining companies.
At the commencement of mining in August 2014, the project had a JORC (2004) probable ore reserve of 134Mt at an average 58.5% Fe (with a cut-off grade of 53% Fe), included in a JORC (2004) Mineral Resource of 259Mt at 58.3%Fe (with a lower cut-off grade of 50% Fe).
A dual product of lump and fines iron ore is produced and transported by road to the Utah Point Bulk Handling Facility in Port Hedland. The current production rate is 7Mt of iron ore per year, with the potential to increase production to 16Mt per year with mine and port supply chain upgrades. The project has a mine life in excess of 10 years.
Iron Valley is anticipated as a possible deployment of MRL’s Bulk Ore Transport System (BOTS), a mine-to-port transport and infrastructure service comprising an elevated, relocatable below rail system with autonomous locomotives.