NSL Consolidated is set to meet a number of milestones in the first half of 2012 including first iron ore sales. The company is continuing offtake discussions with Indian and potential overseas partners.

The company is nearing completion of the commissioning of its USD 2.3 million Kurnool iron ore beneficiation plant project in India ahead of first iron ore sales.

During the December quarter, site works and the installation of a phase one conventional three stage crushing and dry separation plant progressed at the 200,000 tonne per annum beneficiation plant.

Importantly, there is potential for saleable product to be produced during the first quarter commissioning cycle which would generate the first of anticipated wider sales and maiden revenue.

As part of the phase two beneficiation process, the wet beneficiation plant will continue to be constructed and commissioned through the first half of 2012.

Work is underway to determine the potential to increase the production over and above the targeted rate of 200,000 tonnes per annum with the incorporation of phase one and two production.

NSL has released an updated technical modelling and interpretation document that demonstrates strong project development potential for the company’s Queensland thermal coal assets.

An indicator of the potential of the newly acquired projects is the strategic location adjacent to East Energy Resources’ Blackall Coal Project and International Coal’s South Blackall Project.

An exploration target of between 6.6 billion tonnes and 18.7 billion tonnes of thermal coal has been defined for the projects, which cover an extensive 2,261 square kilometres.

(Sourced from www.proactiveinvestors.com)