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NEVADA IRON LIMITED

ASX: RHM

The data on Australian Shares.com is intended as a guide only and is compiled from information in the public domain. Data on this website should not be used to make an investment or trading decision.

Description

Nevada Iron is an Australian based resource company focused on the development of the Company’s 100% owned Buena Vista magnetite project. Located in the mining friendly state of Nevada in the United States the project offers investors a low risk entry into an emerging steel mill feedstock.

Inclusive to the many advantages inherent in BuenaVista are the low capital cost, the very low risk political environment, the cash costs which are equivalent to or better than the majority of emerging magnetite producers and the relatively short time to production. The project also represents a much lower operational risk than most emerging producers because of the proposed scale of production.

The project has established JORC magnetite resources and reserves from which an average of 1.75 million wet tonnes per year of high grade magnetite concentrate are projected to be produced for an initial mine life of 10 years.

Mine For

iron ore

Location of operation(s)

United States

Address

PO Box 315
WEST PERTH, WA, AUSTRALIA

Phone

+61 8 9481 2006

Email

Website


Last Updated

12/3/2015

 

The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.