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Ridley Data

Related News

  • ASX: Mineral Resources and Ore Reserves at 30 June 2016 2016-09-21
  • Atlas matches price decline with cost savings, narrows loss to A$159m 2016-08-31
    Despite record shipments, Perth-based iron-ore miner Atlas Iron remained in the red in the 2016 financial year, owing to low iron-ore prices. However, the miner narrowed its full-year loss to A$159-million, from A$1.38-billion in 2015, as cost reductions offset price declines.
  • Atlas Iron boosts shipments, lowers costs 2016-01-29
    Iron-ore miner Atlas Iron on Friday reported that December quarter had increased by 10% on the previous quarter, while its full cash costs for the three months fell by 9%. Atlas shipped 3.6-million tonnes of ore in the December quarter, compared with the 3.3-million tonnes in the September quarter, with full cash costs declining from A$58/t to A$54/t, including all contractor cost clawback and profit share.
  • Corunna Downs has potential to produce 4Mt/y – Atlas study 2016-01-05
    A December prefeasibility study (PFS) into iron-ore miner Atlas Iron’s Corunna Downs project has estimated that the project could deliver about four-million tonnes a year of lump and fines direct shipping ore (DSO), over a mine life of between five and six years. The PFS estimated that the project would require a capital investment of between A$35-million and A$40-million, with C1 cash costs estimated at between A$37/t and A$42/t.
  • ASX: Corunna Downs PFS results 2015-12-23

Ridley Information

  • Processing 2015-08-21
    The PFS concluded that a large conventional truck-and-shovel open pit operation mining approximately 48Mtpa of magnetite ore would produce 15Mtpa of concentrate for export. Ore will be crushed in-pit, and both ore and waste will be hauled to the natural surface by conveyors, with rock waste and tailings encapsulated together in a staged waste storage facility. The ore will be processed by multiple stage autogenous grinding followed by magnetic separation, with an end product of 80% passing 30 micron, containing 68.3% Fe and 4.3% SiO2.
  • Financial 2015-08-21
    The capital requirement to establish the Ridley Magnetite Project was estimated in 2009 at A$2,972 million, inclusive of a contingency of $250 million. The average annual real operating cost has been estimated in 2009 at $36.22/tonne of concentrate.
  • General 2015-05-10
    The world-class Ridley Magnetite Project, a 2 Billion-tonne magnetite resource, is strategically located within the Pardoo project area and is 100% owned by Atlas. The Ridley resource consists of banded iron formation (BIF) which forms part of the Ridley Range, with an average in-situ resource grade of 36.5% Fe. The resource, which was estimated by CSA Global consultants, converts into a 970 million tonne reserve capable of producing 330 million tonnes of magnetite concentrate at 68.3% Fe - enough to sustain a world-class mining operation for over 30 years.

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  • ASX: Mineral Resources and Ore Reserves at 30 June 2016 2016-09-21
  • DFS confirms Pilgangoora as world-class 2016-09-20
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