Central Yilgarn Iron Ore 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. The CYIP covers approximately 490 square kilometres and consists of two project areas; Mount Ida and Mount Mason.
Figure 1: Projects Location
Scoping Studies completed in 2011 on the Mount Ida Magnetite Project and the Mount Mason DSO Hematite Project indicated that the projects were financially robust. Both projects are planned around existing infrastructure in the region, including the Leonora to Esperance railway line, and the Port of Esperance.
Jupiter completed the Mount Mason Feasibility Study in Q1 2012, with further optimisation work undertaken in 2014, until the project was suspended due to economic conditions and infrastructure access, and placed into care and maintenance. The Mount Ida Feasibility Study commenced in Q2 2012 and was based on annual production of 10 million tonnes a year of beneficiated magnetite grading +68% Fe. Work on the Mount Ida Feasibility Study was suspended in 2012 also due to economic conditions and infrastructure access, and remains under care and maintenance.