EXPLORATION & DEVELOPMENT

Zelos assessing Tassie iron ore

ZELOS Resources hopes to start a pre-feasibility study for its Nelson Bay River iron ore project in the third quarter after the results of a desktop study indicated the 10-year project has a capital cost of $A20 million and a net present value of $30 million.

Michael Vaughan
Zelos assessing Tassie iron ore

The financial model for the project was based on a mining study that the Minserve Group completed, which proposed an openpit development producing 100,000 tonnes of magnetite fines per annum. The Nelson...

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