Producing Gold & Exploring Iron Ore Assets in Brazil
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  • Drilling in Bahia
  • New Railway Construction

Bahia Projects

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Caetité 2

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Caetite2 Bahia target

  • 6.5km long anomaly identified in outcrop and geophysics;
  • Magnetite amphibolite;
  • 30m thickness in 2 holes 3km apart;
  • +140m down-dip confirmed;
  • High quality concentrate produced in test-work at coarse grind sizes;
  • 2 domains:
    • Hematite dominated north
    • Magnetite dominated south

Outstanding concentrate produced

  • High grade concentrate produced from all Caetité projects and Riacho North;
  • Only low magnetic intensity Davis Tube Recovery test work conducted to date.  Further recovery may come from hematite fraction with additional processing.

Logistics

  • Bahia projects are between 25km and 140km from the FIOL Stage 1 line. Depending on track route chosen  for Stage 2, they lie a maximum of 95km from the Stage 2 FIOL line. Track distance to Porto Sul is around 550km;
  • Environmental approvals for Porto Sul (Ilheus expansion) granted Nov 2012;
  • The FIOL rail line Stage 1 from  Porto Sul to ENRC’s 26 Mtpa Bahmin project is currently under construction, completion scheduled for 2016.

 

 


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