20/01/2020 - 15:38

Atlas gains approval for Corunna Downs

20/01/2020 - 15:38

Bookmark

Save articles for future reference.

Atlas Iron is planning to start development of its Corunna Downs iron ore project in the Pilbara by mid-year, at a cost of around $50 million, after the Environmental Protection Authority recommended approval.

Atlas Iron proposes the mining of around 23.3mt of iron ore over six years.

Atlas Iron is planning to start development of its Corunna Downs iron ore project in the Pilbara by mid-year, at a cost of around $50 million, after the Environmental Protection Authority recommended approval.

Corunna Downs will produce about 4 million tonnes iron ore per year, adding to the 7.9mt produced last year at the company's Mt Webber mine.

Atlas Iron, through its parent company Hancock Prospecting, sought approval from the EPA in May 2019 to develop five open mining pits, using conventional drill and blast, load and haul methods.

It had previously pushed back the development of Corunna Downs, due to market conditions in the iron ore sector and delays in approval processes.

The EPA has now said the proposal may be implemented, subject to conditions, such as the minimisation of impacts on vegetation, flora and fauna.

Atlas has proposed the mining of approximately 23.3mt of iron ore over six years.

Other associated infrastructure as part of the proposal included waste rock dumps, a mine operation centre, a borefield and an accommodation camp, EPA said.

The Corunna Downs project is located approximately 33 kilometres south of Marble Bar in the Pilbara.

Corunna Downs has a mine life of five to six years and hosts a mineral resource of 64.1mt at 57.2 per cent iron ore, and an ore reserve of 20.9mt at 57 per cent iron ore.

It has an initial capital cost of between $47 million and $53 million.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

Subscription Options