The Conversation (0)
Central Iron Ore Ltd. reports that it has entered into a farm in and joint venture agreement with Pacific Ore Limited (ASX:PSF).
Central Iron Ore Ltd. reports that it has entered into a farm in and joint venture agreement with Pacific Ore Limited (ASX:PSF).
The press release is quoted as saying,
The Company now has a total of 10 tenements covering 652km2 (refer table below) that are located within the YIOP. The YIOP is considered highly prospective, given its history of large-scale iron ore production, with the Cliffs Natural Resources-owned Koolyanobbing operation (also formerly operated by Portman Limited) currently producing at a rate of about 8Mtpa of Direct Shipping Ore (“DSO”). The YIOP is increasingly being recognised as an attractive location for the development of iron ore, given its proximity to rail and access to ports.
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