Cazaly Resources gets Freo Heave-Ho

Cazaly Resources has been told by the Fremantle Port Authority that it has not been allocated any export capacity at the Kwinana Bulk Terminal for its Parker Range Iron Ore Project.

Fremantle Ports has determined that the available export capacity will instead be allocated to a competing iron ore developer in Griffin Coal.

Fortunately Cazaly has had the presence of mind to have been working on a number of alternate options with the preferred option from these having been incorporated into its Feasibility Study.

Cazaly now proposes to initially export through the port of Fremantle at a rate of 1.4 million tonnes per annum followed by export through the port of Esperance at a rate of 4.6 Mtpa.

“The project greatly benefits from its close location to existing and accessible infrastructure including road, rail, port, power and township,” Cazaly said in an announcement.

“This access allows for the relatively rapid development and ramp up to full production within 2 years.”

The proposed initial start-up rate of 1.4 Mtpa utilises capacity available to the company within the existing container transport, storage and port infrastructure facilities at Fremantle.

Containerised product is unloaded into bulk ships using a proven dustless system recently pioneered in South Australia by Flinders Ports and IMX Resources.

The subsequent Esperance port ramp up to 4.6 Mtpa will be undertaken using conventional bulk transport and handling methods.

“These positive results now allow for the advancement of government and non-government stakeholder consultation and the completion of discussions for financing,” Cazaly said.

“The (Feasibilty) study has shown that the Company is on track to become a major iron ore producer in the Yilgarn region of Western Australia behind Koolyanobbing Operations who have successfully operated in the region for many years.”