Central Iron Ore Ltd announced that it has applied for six new exploration licences at its Perinvale South Iron Ore Hub. The Company now has a total of 15 iron ore tenements covering 1,588km2 that are located within the Yilgarn Iron Ore Province in Western Australia, of which nine tenements are granted and six tenements are pending applications.

The Yilgarn IOP is considered highly prospective, given its history of large-scale iron ore production, with the Cliffs Natural Resources-owned Koolyanobbing operation (formerly operated by Portman Limited) currently producing at a rate of approximately 8Mtpa of Direct Shipping Ore. The Yilgarn IOP is increasingly being recognised as an attractive location for the development of iron ore, given its proximity to rail and access to ports.

Yilgarn Iron Ore Project Area

The initial strategy and objective of the company is to evaluate the occurrence of both magnetite ore and direct shipping ore within the Perinvale South Iron Ore Hub and to gain an initial understanding of their respective resource potential. Work is currently underway on the Perinvale South Iron Ore Hub and it is expected that future announcements regarding both the project status and their resource potential will follow as exploration activities are completed. It is expected that rock chip sample analysis from recent field mapping activities will be available in the coming weeks.

Mr Brett Hodgins president and CEO said that "These new tenements have formed a significant land package at our Perinvale South Iron Ore Hub which is now 1,150km2. The additional new tenements have joined our two existing Perinvale South Iron Ore Hub tenements together resulting in a continuous land holding package in the region. This combined with our funding reinforces CIO strategy to focus on future exploration programs to identify sufficient DSO resources to support a start up project.”