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Jack Hills reserves for Murchison

MURCHISON Metals has slightly exceeded the 8 million tonne reserve estimate needed to underpin stage one of its Jack Hills iron ore project in the mid-west of Western Australia with project financing expected to be secured shortly before production in the next quarter.

Michael Vaughan
Jack Hills reserves for Murchison

The probable reserve statement stands at 8.5Mt at 63% iron, 4.7% silica and 0.5% alumina and underpins the five year stage one operation which will run at 1.2Mtpa for the duration of 2006 before moving...

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