Advanced Exploration Announced Internal Review

Advanced Explorations Inc. (TSXV:AXI,FWB:AE6) announced it has completed an internal review of its projects and will release the results in July.

As quoted in the press release:

Pursuant to the completed trade-off studies and technical project inputs, the Feasibility Study (“FS”) will be based on an initial 5.5 Million Tonnes per year production (nominal) of 66% iron concentrate with initial mining development to be commencing at the project’s C Zone. As indicated in previous press releases (April 3rd & April 10^th, 2012), the Company is also examining opportunities regarding long term operating cost reductions through alternative power solutions and future production expansions. The near-shore location of the mine and low infrastructure requirements continue to provide significant cost advantages and future production flexibility.

Click here to read the Advanced Explorations Inc. (TSXV:AXI) press release.