Gindalbie Metals has commenced a feasibility study on development options of its Shine iron ore deposit following positive mineral resource estimates.
The Shine deposit is part of Gindalbie’s 100 per cent owned Warriedar project in the Mid West region, and is located 40km north-east of its flagship Karara iron ore project.
The feasibility study will examine all options to develop the Shine deposit with the objective of moving it into production as rapidly as possible, and is expected to be completed around mid-2012.
The company recently consolidated its 100 per cent ownership of the Warriedar project by completing the acquisition of Royal Resources’ 40 per cent interest.
Gindalbie managing director Tim Netscher said the Shine project resource estimate and feasibility study was a good example of the high quality business development opportunities being pursued by the company outside the Karara project.