Mine Review Drives Further Value Accretion Opportunities at the CEIP

Iron Road (Iron Road, ASX: IRD) is pleased to advise that Thiess-RWE, a leading expert in continuous mining systems, such as in-pit crushing and conveying, has concluded a review of the CEIP mine plan. The review focussed on opportunities relating to early ore access and mine establishment costs whilst leveraging efficiencies offered by the application and flexibility of proven, continuous mining systems.

RWE currently undertakes an engagement with Vale S.A. to support their S11D project in Brazil. The engagement includes mine planning, equipment scheduling as well as operational training and assistance for the implementation of the integrated mining solutions, similar to those proposed for the CEIP.
Iron Road is now planning to commence a sole-source Early Contractor Involvement (ECI) process with the mining contractor displaying greatest appetite for exposure to a high-value, long-term mining services contract.

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