OZ Minerals Earning Into West Musgrave Copper-Nickel Project

OZ Minerals has signed a heads of agreement with Cassini Resources to earn up to 70% of the West Musgrave project in east-central Western Australia. The project area includes the Nebo-Babel nickel and copper sulphide deposits, the Succoth copper deposit, and other high-grade targets. OZ has made an initial A$3 million commitment to fund a detailed scoping study to optimize the project. Further regional exploration will leverage the A$100 million of previously completed exploration.

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Fortescue Wins Towage License at Port Hedland

Pilbara Marine Pty, a wholly owned subsidiary of Western Australia iron ore producer Fortescue Metals Group, has won the tender for the second towage
license at the port of Port Hedland, Western Australia. Currently, a BHP Billiton subsidiary operates the only towage services at the port, with a fleet of 18 tugs.

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Brockman Studying Independent Rail Project

Brockman Mining has reported the results of a study evaluating the potential for it to build an independent railway to connect its Marillana iron ore project, and later its Ophthalmia iron ore project, in the East Pilbara region of Western Australia to Port Hedland. The Marillana project is located 300 km south of Port Hedland and has the potential to produce up to 20 million mt/y over a period of 20 years. Brockman has been unable to negotiate access to existing rail systems, and an independent railway is one of a number of logistics options that the company is considering for delivery of its iron ore to port.

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Robust Feasibility Study Supports Woodlawn Base Metals Project

Heron Resources reported in late June that a robust feasibility study of its 100% owned, fully permitted, high-grade Woodlawn zinc-copper-lead project in New South Wales supports the viability of a “Starter Case” project based on current mineral reserves to deliver quality zinc, copper and lead concentrates to market over a nine-year mine life.

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