The Western Australian Government has given a conditional approval for Australasian Resources' Balmoral South iron ore project.
The mine is expected to produce up to two billion tonnes of magnetite iron ore at a rate of up to 80 million tonnes per annum and produce pellets and concentrate for export at up to 24 million tonnes per annum.
According to Australasian, the mine has a projected 25 year lifespan.
Australasian’s subsidiary, International Minerals, has the contractual rights to mine on the tenement, which is held by Mineralogy.
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