Balla Balla Introduction
Balla Balla Tenement Location Map Aurox Resources Limited is steadily closing on commencing construction at its 100% owned Balla Balla magnetite iron ore project. Fixed price agreements are in place with world class plant engineering and manufacturing groups to break ground in 2008. Delivery of first concentrate to port is scheduled for 2010. The Bankable Feasibility Study (Sept 2007) shows Balla Balla has the potential to be Asutralia's lowest cost magnetite producer. Two 15 year sales contracts for 100% concentrate production are in place for large Chinese Steel Companies.
Project fundamentals include:
- Large homogeneous magnetite orebody with a +25 year mine-life
- Simple integration of nearby power, water, and shipping facilities
- Simple low cost concentrate processing requirements
- Lowest capital cost requirements of any planned Australian magnetite project
- Agreement executed with Port Hedland for slurry pipeline delivery of concentrate
- Aurox to receive full 'iron ore fines' price from its customers
For more information on this exciting project Aurox invites you to explore this section of our website by using the menu at the top of the page.