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Cardero Resource Corp. (TSX:CDU,NYSE:CDY,FWB:CR5) received positive iron metallurgical test work results from its Sheini Hills Iron Project in Ghana. Cardero confirmed a highly-metallized DRI product, with a grade of 81% metallic iron at 89% iron-unit recovery.
As quoted in the press release:
Sheini iron ore performs well in bench-scale tests, reducing directly to metallic iron in one step. Box-furnace tests used raw Sheini ironstone, briquetted with thermal coal, lime, and molasses to produce Direct Reduced Iron (“DRI”) at low temperatures (900°-1100° Celsius) and with short furnace residence times (less than 30 minutes). This highly-metallized DRI product is best suited as a blast furnace (“BF”) feed. DRI feed decreases coking coal consumption and CO2 emissions and increases iron-unit production of the BF relative to lower-grade magnetite concentrate feeds.
Click here to read the Cardero Resource Corp. (TSX:CDU,NYSE:CDY,FWB:CR5) press release
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