GWR Group Limited (Golden West Resources)
GWR Group Limited (Golden West Resources)
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Macarthur Minerals is targeting early revenue flows while completing development of its Ularring Lake Giles iron ore project in Western Australia through a mine-gate purchase agreement for 0.4Mtpa ore from GWR Group’s Wiluna West project.
West Australian iron ore developer Fe is set for an immediate start of ore haulage from its 51%-owned JWD project at Wiluna West after executing access and storage agreements at Geraldton port and finalising its board and JV approvals.
The 12-month port agreement, with two further 12-month options, allows for the export of 800,000tpa of JWD product through Geraldton’s iron ore berth 5.
West Australian producer GWR Group is aiming for a seamless continuation of production at its 100%-owned C4 iron deposit after executing heads of agreement with the Pilbara Resource Group for the Wiluna West project’s second stage. PRG has carried out the project’s first stage, 1Mt operation.
The new alliance contract covers an exceptional DSO development to produce about 2.2Mt of low impurity iron ore from the 21.6Mt @ 60.7% Fe mineral resource.
Small-scale West Australian producer GWR is finalising mining and haulage contracts for the integrated second-stage development after shipping a total 107,498wmt in the March qtr (Q3FY21), the maiden period of production from its 100%-owned C4 iron ore mine at Wiluna West.
C1 FOB cash costs for the qtr were $A120/t, excluding shipping costs, against an average price received of $US162/t. GWR says costs are reducing as mining efficiency improves.
New West Australian iron ore producer GWR has plumped for a demerger of the gold resource at its Wiluna West project, planning to seek shareholder approval for a $A5-7M IPO and ASX listing for its wholly owned subsidiary Western Gold Resources.
The project has JORC mineral resources of 293,000oz (4.57Mt @ 2g/t) with significant exploration upside alongside its under-explored 22km of the Joyners Find greenstone belt.
Australian miner GWR is closer to a decision on the future of the fledgling gold resource at its Wiluna West project in WA after posting an upgraded JORC 2012-compliant measured, indicated and inferred estimate of 293,000oz (4.57Mt @ 2g/t).
The new calculation by mining consultant Optiro, including an update from past JORC 2004-compliant estimates over part of the resource, represents a 403,000t increase in total ore.
New Australian iron ore producer GWR Group can turn its full attention to ramping up exports from its 100%-owned C4 deposit near Wiluna in WA after farewelling the first shipment of premium high-grade lump ore from Geraldton port to offtake partner Pacific Minerals yesterday.
The loading and shipping of 52,425t of ore aboard the bulk carrier Panafrican was achieved despite challenges that included a weather-induced haul road closure, port maintenance outage and tidal surge.
New producer GWR is building port stockpiles as it prepares to make the first shipment of high-grade lump and fines product late this month from its 100%-owned C4 deposit at its Wiluna West DSO iron ore project in Western Australia.
GWR says the minesite truck fleet is still being expanded to complete the planned first stage mining, crushing and screening of 1Mt by alliance partner Pilbara Resource Group within 12 months.
Buoyant iron ore prices and increasing premiums for lump project have encouraged West Australian developer GWR Group to assess a possible increase in DSO production from the first stage of its 100%-owned C4 project at Wiluna West.
GWR’s current production and sales target for stage 1 is 1Mt of the project’s total 21.6Mt @ 60.7% Fe resource.
Its binding offtake agreement with Hong Kong-based commodities trader Pacific Minerals covers the full 1Mt.
West Australian iron ore developer GWR is on track for mining to begin in the first week of December for the 1Mt first stage of its C4 direct shipping ore operation at Wiluna West based on significant progress on the mine development by mining contractor Pilbara Resources Group.
Formal state works approval for its crushing and screening operations is expected by end-Nov.
Chairman Gary Lyons says GWR is eager to exploit the strong commodity cycle by achieving its first shipment of C4’s high-grade, low-impurity ore in Jan.