CENTRAL YILGARN IRON PROJECT

 

 

Central Yilgarn Iron Project

The Central Yilgarn Iron Ore Project (CYIP), located approximately 110km northwest of Menzies, provides Jupiter with exposure to several 100% Company owned iron ore exploration prospects in close proximity to established road and railway infrastructure (Figure 1). The CYIP covers approximately 490 square kilometres and consists of two project areas; Mount Ida and Mount Mason.

The Mount Ida and Mount Mason projects lie within the northern portion of the Mount Ida Greenstone Belt which is located along the eastern boundary of the Southern Cross Granite-Greenstone Terrane. In this area, the western part of the greenstone belt is characterized by shallow to steep, east-dipping units of BIF, with intercalated mafic rocks and subordinate ultramafic rocks and metagabbro. 

    Figure 1: Projects Location

 

Scoping Studies completed in 2011 on the Mount Ida Magnetite Project and the Mount Mason DSO Hematite Project indicate that the projects are financially robust. Jupiter Mines completed the Mount Mason Feasibility Study in Q1 2012, and we continue to optimise these results. The Mount Ida Feasibility Study commenced in Q2 2012 and is based on annual production of 10 million tonnes a year of beneficiated magnetite grading +68 % Fe. Work on the Feasibility Study is currently on hold due to adverse economic conditions.

For Mount Ida and Mount Mason to be developed, access to Port infrastructure is of critical importance, and so the Western Australian Government’s announcement in early 2012, that Esperance was to be the preferred port for iron ore expansion for the Yilgarn, was welcome news. Jupiter has fully participated in the process outlined by the Port, and where possible look for opportunities to drive and expedite an outcome.

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