THE BOURSE WHISPERER: IronClad Mining has finalised key infrastructure and mining contracts for its Wilcherry Hill project in South Australia.
Construction works on the project are due to commence later this month following the recent announcement by the SA Government of formal approval for IronClad’s Program for Environmental Protection and Rehabilitation (PEPR) – formerly known as the Mining and Rehabilitation Plan (MARP) – which was the final statutory hurdle for the project.
IronClad Mining project location map. Source: Company website.
IronClad said it is on track to commence maiden production from the mine in the current March quarter, with first product to be exported to Chinese customers in the June quarter.
“We are focusing on the employment of local people in order to enhance the project’s connection with the area’s community while at the same time building a reliable workforce,” IronClad Mining executive chairman Ian Finch said in the company’s announcement to the Australian Securities Exchange.
“As the second junior mining company to move into iron ore production in SA in recent times, and the first from the state’s Eyre Peninsula region, our contracting strategy is working well for IronClad and for South Australia’s expanding resources industry and the flow-on effect from that upsurge.
“Years of planning and hard work are now only weeks away from coming to fruition for our company.”
The Wilcherry Hill iron ore project is an 80:20 Joint Venture between IronClad and its associated company, Trafford Resources.