Nevada Iron Files Quarterly Report and Appendix 5B for Period Ending 30 September 2015
30.10.2015 | Marketwired
PERTH, Oct. 30, 2015 - Nevada Iron Ltd. (the "Company") (ASX:NVI)(TSX:NVR), an Australian based resource company focused on the development of the Buena Vista Iron Project, which is located in Nevada in the United States.
HIGHLIGHTS
- Water Pollution Control Permit received July 7, 2015, the final of the three major permits required.
- Air Pollution Control Permit received April 3, 2015.
- Application to locate the rail loading facilities on Bureau of Reclamation lands submitted.
- Bureau of Land Management is processing the plan of development for the power line Right-of-Way submitted in February 2015.
- During and subsequent to the quarter, the Company issued 18.8 million shares to raise $940,000 and issued 15.2 million shares to satisfy various debts.
- The Company continues to evaluate mineral opportunities in the Americas.
OVERVIEW
- Near surface resource
- Very low waste to ore ratio (<0.5:1)
- Easy metallurgy with a coarse grind producing a high grade (67.5-69% Fe) clean concentrate
- Close to existing nearby transport infrastructure and no requirement to build significant
- infrastructure, eg a rail line
- Access to multiple existing ports
- Manageable capital cost
- Stable and mining friendly jurisdiction
- Favourable climate for construction and operations
- No government royalty imposts
- Permitting almost complete
- Phase 1 project on private land, which made permitting less onerous
To view the full announcements, please click the link below:
Link: http://www.nv-iron.com/2011-08-15-01-49-08/asx-releases
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Contact
Nevada Iron Ltd.
Michelle McAuliffe
+61(8) 9481 6006
michelle.mcauliffe@nv-iron.com
http://www.nv-iron.com