Aquila says 10Mt/y Hardey project to cost A$1,6bn

Mining Weekly reports that a prefeasibility study of Aquila Resources’ (TSX:AQA) Hardey iron-ore project has confirmed the viability of a ten-million-ton-a-year project.

The editorial is quoted as saying,

The study found that A$1,6-billion would be needed for the requisite mine, rail and port facilities, including provisions for an engineering, procurement, construction and management contract, as well as contingency costs, the diversified-mining company reported on Thursday.

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