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PROJECT

Mining
Operations

  • Initial Mine Plan

    • 6.5Mt of DSO and 1.9Mt of DMS feed to produce 8.4Mt of iron ore at 57.2% Fe over 4 years

  • Mining commenced at Danehill and Zabeel, focused on higher-grade DSO production from staged pits

  • Mining will extend along the F West trend, developing the shallow Oratism and FW4 pits

  • Grade control drilling to commence in 2021 Q4 at E South and FW2 for Resource to Reserve conversion

  • Lower-grade ore from Danehill and F West is being stockpiled ahead of DMS installation

    • Additional DMS testwork underway to update Ore Reserves and finalise DMS plant size and configuration

    • Modular DMS plant selection expected in Q4 2021, with first production planned Q4 2022

DANEHILL OPEN PIT

The Danehill open pit was first developed by WDR in 2013 and was re-started by Nathan River Resources in November 2020

  • The open pit is currently 2.8km long and 40m deep, but the final pit will stretch over 3km in length and 90m deep

  • Ore is transported 1.5km to the ROM for processing and waste is stored adjacent to the pit

  • Danehill produces the highest-grade iron ore from the Nathan River project and is used to blend with other satellite deposits

    • Danehill DSO mining inventory of 4.0Mt at 60.5% Fe

    • Iron ore extends well below the current Danehill pit, providing further Ore Reserve upside at current iron ore prices

    • Danehill, Oratism and FW4 deposits all sit within the Area F DSO Mineral Resource of 19Mt at 60.8% Fe

ZABEEL OPEN PIT

  • The Zabeel open pit is located 2.5km east of the ROM processing facility

  • Mining at Zabeel re-commenced in early 2021and will supply 30% of DSO iron ore at the Nathan River Project 

  • The pit is currently 1.3km long and will eventually reach a depth of 70m below surface

  • The deposit has lower iron and higher silica than Danehill, but also contains lower alumina, making it ideal to blend with Danehill ore

    • Zabeel DSO mining inventory of 2.1Mt at 57% Fe

    • The Zabeel pit sits within the Area E East DSO Mineral Resource of 9Mt at 56.8% Fe

    • As with Danehill, ore extends below the current pit design and provides further Ore Reserve upside

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