Mining has commenced at an annualized rate of one million tonnes of iron ore per annum with approximately 18,000 tonnes of ore stockpiled ready to be crushed.
Moly Mines expects the first shipment of iron ore fines to occur in mid December and the export schedule of the company was set many months ago based on the anticipated completion of Moly Mines’ ore stockpile facilities at the Utah Point export facility at Port Hedland.
All those stock facilities are now ready to receive Spinifex Ridge ore.
Subsequently, construction of the processing plant and associated infrastructure is complete and plant commissioning has commenced.
Moly Mines has also commenced studies to increase the project production rates from one million tonnes per annum, and the exploration activities are also being done constantly to expand the existing iron ore resource base.
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