September 07, 2008
Yilgarn commences scoping study on Marillana iron ore project
Yilgarn Mining Limited announced that it has commenced a scoping study on its 100% owned Marillana iron ore project in Western Australia's Pilbara region, in line with its recently announced plans to fast track exploration and evaluation activities at the project. The Marillana scoping study will commence immediately and is scheduled to be completed during the first quarter of calendar 2008.
The principle scope of works for the Marillana scoping study has been awarded to Perth based project management and engineering services company Engenium, with specialist consultants being utilised to assist with the various option studies and approval processes. Engenium has extensive experience in the design and engineering of rail and infrastructure solutions for mining operations, project and engineering management, engineering services and construction management.
Yilgarn recently announced that it had upgraded its exploration objectives at Marillana following successful resource drilling programs. Drilling is continuing with an initial JORC compliant resource estimate scheduled to be announced in October 2007. The key deliverables of the scoping study, to be managed by a joint Yilgarn Mining owner's team and Engenium are summarized below
1) Geology and mineral resources
2) Resource estimate
3) Mine design and operations
4) Ore transport logistics
5) Infrastructure and general services
6) Construction facilities
7) Environmental and social impact assessment
8) Project approvals process
9) Land access and native title
10) Safety management
11) Human resources
12) Marketing, products and iron ore pricing
13) Project evaluation - OPEX and CAPEX
14) Project status and review
15) Forward work program
Strategic discussions with potential third party rail and port infrastructure providers have commenced and will continue during the scoping study.
Yilgarn Mining is looking forward to working with Engenium during the forthcoming months and is committed to completing the Marillana Iron Ore Project scoping study in a timely and cost effective manner.
