Iron ore mining company, Jupiter Mines Limited has launched a process to review its strategic options with regards to its Central Yilgarn Iron Ore assets in Western Australia.
The assets comprise the Mount Mason DSO Hematite (Mt Mason) and Mount Ida Magnetite (Mt Ida) projects.
Mt Mason is an advanced project with high quality hematite JORC mineral resources.
The projects are in a low risk established mining region of Western Australia, just over 100 kilometres by road to the Yunndaga rail siding (for rail access to the Esperance Port) and within proximity to Mineral Resources’ Koolyanobbing iron ore mine.
Both projects lie on granted mining leases and include a constructed accommodation camp.
The projects have incurred significant expenditure in the past to elevate them to their advanced production-ready level.
Jupiter Mines Limited believes the assets hold great value, particularly in the current iron ore market, in light of the drive towards higher grade iron ore feed in China and potential capacity on the rail and at port.
The advanced nature of these projects, their proximity to established and available infrastructure (road, rail and port), the size and quality of the mineral resources and ease of mining and ore extraction provides an attractive opportunity to commence high-grade DSO hematite production and high-grade magnetite concentrate production that could underpin quality long-term supply.