Cazaly finalises scoping study
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Tuesday, 15 November, 2005 - 21:00
A SCOPING study for a development plan of the Shovelanna Iron Ore Project has been completed by Cazaly Resources Ltd and reviews development alternatives available to accelerate development of the Shovelanna deposit. The project is located in the Pilbara region and the study indicates it is financially viable under the three scenarios evaluated. The project is expected to capitalise on the favourable conditions in the iron ore market and it is predicted that first iron ore could be exported from Port Hedland within 30 months from the tenement being granted.