PERTH, WESTERN AUSTRALIA--(Marketwired - April 30, 2015) -
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES
Nevada Iron Ltd. (the Company) (ASX:NVI)(TSX:NVR) is pleased to advised that the following reports were filed with the ASX today;
Appendix 5B mining exploration entity quarterly report for period ending 31 March 2015
Quarterly Report for period ending 31 March 2015,
Highlights
Water Pollution Control Permit Application deemed administratively complete and under technical review. Receipt of permit delayed to 2nd Quarter 2015.
Air Pollution Control Permit received April 3, 2015.
Reclamation Permit received March 4, 2015.
Application to locate the rail loading facilities on Bureau of Reclamation lands submitted.
Plan of Development for the power line Right-of-Way submitted in February 2015.
Signed rail transport agreement with the Union Pacific Railroad, a leading rail transportation company, on Feb 11, 2015.
Completed an equity raise in March of 2015, raising US$420,000 at a price of US21.5c/share.
Overview
Nevada Iron Ltd. (ASX:NVI)(TSX:NVR) is a resource company focused on the development of the Buena Vista Iron Project located in northern Nevada, USA. This project demonstrates the attributes for a successful iron ore development, namely:
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, e.g. 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, making permitting less onerous
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