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SHERWIN IRON LTD

ASX: SHD

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Description

Sherwin Iron Limited is an Australian listed iron ore exploration and development company with its Roper River Iron Ore Project in the Northern Territory. Covering over 4000 km2, 500 km south east of Darwin, the Project has a current resource of 488Mt from its exploration activities and is located in an emerging iron ore province and comprises identified iron ore deposits as well as other large, highly prospective but unexplored tenements.

Sherwin Ironís focus for the Project is to fast track exploration and development of the flagship Hodgson Downs Deposits. The Hodgson Downs Deposits, located on the western side of the Project, comprise W Deposit and five other Deposits previously identified by BHP within Exploration Licence 24102.

Sherwin Iron's November 2011JORC resource estimate from the W Deposit within Hodgson Downs of 100Mt at an average 48% Fe. Based on the preliminary metallurgical testing of bulk samples collected from trenching, Sherwin Iron estimates that the Deposit has the potential to produce at least 20 million tonnes of highly marketable product grading 57% Fe.

The JORC resource estimate combined with existing infrastructure, including the Adelaide to Darwin railway line which continues directly to the Darwin Port, supports an operation with initial production of 2 Mt a year commencing in 2013 and increasing to approximately 4-5Mt a year within two to three years of operation.

Mine For

iron ore, iron

Location of operation(s)

Northern Territory

Address

4/4 Shepherd Street
DARWIN, NT, AUSTRALIA

Phone

+61 8 8941 3844

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.