Menu

Australian Shares is the world's biggest free online database of information on Australian resource companies.

Time to Update your company profile
Australian Shares

SOUTH AMERICAN FERRO METALS LTD

ASX: SFZ

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

South American Ferro Metals Limited (SAFM)) is a medium sized, low cost iron ore producer which is focused on its 100% owned Ponto Verde Iron Ore Project based in the heart of Brazil's well-established Iron Ore Quadrilateral.

The company has proven up a mineral resource of 301 MT at 40.65% Fe. The resource has been calculated based on drilling results to an average depth of 70 metres below the surface. However, exploration drilling at depth has highlighted that mineralisation extends to over 400 metres depth. Based on this, SAFM's has a target resource of 500 MT.

SAFM sells all its products to local steel and pig iron producers in Brazil, having secured offtake agreements with Vale and CSN (Namisa) for 75% of its total production.

Mine For

iron ore

Location of operation(s)

Brazil

Address

Level 11, 151 Macquarie St
SYDNEY, NSW, Australia

Phone

+61 2 8298 2000

Email

Website


Last Updated

12/2/2015

 

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.