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Strategic review estimates 45-mtpa operation at Flinders' Pilbara project

An independent strategic review of Flinders Mines Ltd.'s Pilbara iron ore project in Western Australia estimated an optimal production rate of about 45 million tonnes per annum at 58% to 59% iron for a mine life of over 14 years.

The review, however, calls for a further understanding of mine planning and the metallurgy to confirm the ability of the mine to operate at an economic production rate.

The project also requires a commercially viable mine-to-port infrastructure, according to a March 31 release.

Flinders Executive Director David McAdam said the company will conduct an asset maturation phase, funded through an entitlements issue, before starting work on a feasibility study for the project.