Frances Creek Low-Grade Iron Ore
Frances Creek Iron Ore Project is located 180 km 3 hours’ drive south-east of Darwin in the Northern Territory.
The operation produced around 10 million tonnes of high grade iron ore for export between 2007 and 2015 following which it was placed on care maintenance due to low iron ore prices.
The owners of Frances Creek have also acquired a number of gold projects within trucking distance from the Frances Creek site.
The Company’s Frances Creek plant will be used as a multi-commodity processing site due to existing infrastructure and minimisation of environmental disturbance.
Peko Magnetite, Gold & Polymetallic
Peko Iron Ore and Gold Project is located in the Tennant Creek region in the Northern Territory.
Peko consists of 3.75 million tonnes of tailings containing magnetite, gold, copper and cobalt, plus in-ground and stockpiled gold-bearing ore resources.
Peko’s operations are located 12km from the Adelaide-Darwin railway and 10km from the town of Tennant Creek with sealed roads connect the mine to a rail siding and
Spare capacity is available on the railway and is being negotiated with its owner, Genesee Wyoming Australia.