Flinders Mines to assess Pilbara iron reserves
July 11, 2008
July 11th (Steel Guru) – ABC.net reported that Flinders Mines has begun an AUD 8 million drilling program in the Pilbara’s Hamersley Range.
The Department of Industry and Resources signed off on the project last week and the Ashburton Shire has provided approval for the construction of a 20 person camp onsite.
The company hopes to have assessed the area’s iron reserves by the end of the year.
Mr Kevin Wills MD of Flinders Mines said that the company has held tenements in the Pilbara for a number of years but it is the first time it has explored for iron ore.
He added that “We realized we were sitting on an iron ore deposit and we realized that’s a valuable thing. If we found a nice big diamond mine that would also be a valuable thing, but diamonds are some of the hardest types of mines to find.