GWR Update on C4 Iron Ore Deposit in Wiluna
Australian resource house GWR Group Limited has provide production and operations update to shareholders for the GWR’s 100% owned flagship C4 Iron
Australian resource house GWR Group Limited has provide production and operations update to shareholders for the GWR’s 100% owned flagship C4 Iron Ore deposit in Wiluna. GWR Chairman Mr Gary Lyons said “With our first historic shipment of 52,425 tonnes of premium high-grade lump iron ore being delivered in accordance with GWRs offtake agreement with Hong Kong Trader Pacific Minerals, I am pleased to confirm that having secured the vessel MV Marinickr, our second shipment will be loaded and shipped on or about 22 March 2021. Despite a number of challenges, we are confident we can capitalise on the current bouyant Iron Ore price, with ore crushing now at 90% of full production and challenges with our haulage fleet expected to be addressed through the latter part of March and early April. ”
Stage 1 - C4 deposit
C4 production has progressed well with a 30% increase in ore tonnes mined from January to February 21. Crushing has also increased since commencement in December and is now at 90% of full production. Haulage has been impacted by issues such as unplanned maintenance, road closures due to weather, and storm damage to the haulage transfer station. GWR is taking steps to address a number of haulage concerns and is planning on this vital component being more settled by early April.
Stage 2 - C4 deposit
With the primary focus over recent weeks being to execute all steps required to optimise Stage 1, the discussions for Stage 2 (~20 million tonnes of the C4 deposit remaining) have advanced with a shortlisted number of interested contracting partners to develop the larger Stage 2 project for C4. Stage 2 has now progressed to the point where drafting of staged expanded pit designs are underway, and the planning to increase mining, crushing and haulage is well advanced.