UMC 0.00% $1.30 united minerals corporation nl

pre feasibility study commissioned

  1. 559 Posts.
    PILBARA IRON ORE PROJECT (100%)
    PRE-FEASIBILITY STUDY COMMISSIONED FOR THE
    UMC RAILWAY PROSPECT INCLUDING A
    110KM RAIL SPUR TO ACCESS THE FMG MULTI-USER RAILWAY AND
    ASSOCIATED PORT FACILITIES
    In November 2007 the Company commissioned a scoping study to investigate various production options for
    the Railway Prospect.
    An initial report has been received from consultants, Prodemas International Limted, (based on current
    drilling results).
    Diamond Drilling is continuing and a major RC Drilling program is to commence at the beginning of April
    2008. The objective is to delineate a JORC compliant resource as soon as possible. Once this has been
    achieved the scoping study can be released to the market.
    However, the Directors believe that the Railway discovery is of sufficient importance and magnitude to
    commission the first phase of a pre-feasibility study.
    The pre-feasibility studies will be based on accessing the FMG multi-user railway located 110km north of
    the prospect and associated multi-user port facilities at Port Hedland.
    The following project development concepts will be examined:
    • A 2 million tonne per annum direct shipping ore (DSO) operation using contract mining, crushing and
    screening, with road haulage of the DSO products to a railhead on the multi-user FMG railroad for
    rail freight to Port Hedland for export.
    • A 5 million tonne per annum direct shipping ore (DSO) operation using contract mining, crushing and
    screening, with a purpose built spur rail haulage of the DSO products to connect with the multi-user
    FMG railroad for rail freight to Port Hedland for export.
    • A 10 million tonne per annum direct shipping ore (DSO) operation using contract mining, crushing
    and screening, with a purpose built spur rail haulage of the DSO products to connect with the multiuser
    FMG railroad for rail freight to Port Hedland for export.
 
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