Havilah Resources NL announced that a significant new iron ore discovery at the Grants prospect in the Braemar Iron Ore Province in northeastern South Australia.The discovery has no overburden and is 8 kilometer from the Transcontinental railway and is in close proximity to other power and gas infrastructure.
This discovery follows on from Havilah's other iron ore success at the Maldorky iron ore project which also contains a substantial iron ore resource of similar style in addition to the Lilydale iron ore prospect currently being explored.It underscores Havilah's intention of developing a long life regional iron ore portfolio capable of production within a relatively short timeframe for moderate capital expenditure.The style of mineralization and associated processing for these projects has indicated that a high grade,low impurity product can be shipped from site.
Dr Bob Johnson chairman of Havilah Resources said that"Grants will be a very attractive mining proposition owing to the fact that the deposit starts at surface and extends up to 180 meter depth in a single solid mass of essentially flat lying iron ore,with no overburden and minimal internal waste.The material appears to be mineralogically similar to Maldorky,hence it is expected that the same comparatively simple metallurgical processing methods would apply."
Mr Johnson said that"Standing on top of the Grants deposit,one can see and hear the trains moving down the Transcontinental railway line,which makes Grants somewhat unique as new iron ore discovery."
Source-Havilah Resources
