EXPLORATION & DEVELOPMENT

Yalgoo dependent on Oakajee

WHILE a prefeasibility study on the $A1.27 billion Yalgoo magnetite project in Western Australia’s Mid West has returned a net present value of $2.14 billion for Venus Metals Corporation and its Chinese partner, its timing remains dependent on the Oakajee port development.

MiningNews.Net

Yalgoo dependent on Oakajee

Yalgoo is owned 50% by Venus and 50% by Shandong Provincial Bureau of Geology and Minerals and is located 200 kilometres east of Geraldton. The PFS on Yalgoo was based on production of 7.5 million...

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