Cashmere Iron Ltd, unlisted public company based in Western Australia,
has reached a significant milestone in the development of its Cashmere Downs Iron Project in the Mid West region of Western Australia, announcing:
- JORC Code compliant hematite and magnetite deposit at Cashmere Downs Iron Project now stands at over 1 Billion tonnes,
- Estimated resource represents a length 7.5km of a total of 52kms of banded iron ridges within the Company’s project area, which has the potential to be one of the largest iron deposits in the Mid West,
- Davis Tube Recovery results are exceptionally high, with an average of 43.7% weight recovery at a 38 micron grind size,
- Metallurgical studies show that a concentrate >66%Fe with Silica levels 4.5% Si02 and weight recovery of >40% can be achieved,
- Several areas of DSO Hematite Canga and channel deposits (rock chip results as high as 64%Fe) indentified and will be proven up as priority,
- Cashmere Downs Iron Project is advanced, with second stage environmental studies soon to commence; Native Title agreements in place; project within granted Mining Leases; and discussions with potential off-take/JV partners in progress.
Location
The Cashmere Downs Iron Project is located in the Eastern Goldfields of Western Australia, approximately 700 km North East of Perth.
Deposits
Mabrouk Minerals first noted the potential for Iron Ore at Cashmere Downs in 2003. An airborne magnetic survey revealed strong magnetic anomalies.
Business
Cashmere Iron Ltd has been established in August 2007 to explore and develop the Cashmere Downs Iron Ore Deposit.
