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Venus Waits on Oakajee Port to Deliver Iron-Ore Project
Aug. 29, 2011 09:00AM PST
Base Metals Investing
Mining Weekly reports Venus Metals (ASX:VMC) has estimated a net present value of some A$2.14-billion for its Yalgoo iron-ore project.
Mining Weekly reports Venus Metals (ASX:VMC) has estimated a net present value of some A$2.14-billion for its Yalgoo iron-ore project.
The market news is quoted as saying,
A feasibility study on the Yalgoo project has estimated a capital development cost of around A$1.2-billion, with the project dependent on the development of the Oakajee port.
The Yalgoo iron-ore project consists of seven exploration licences totaling 208 km2 over the Yilgarn Craton Archaean banded iron formation.