Flinders Mines Limited (AU:RHK) has released an update.
Red Hawk Mining Limited has released its quarterly activities and cash flow reports, highlighting the Pre-Feasibility Study (PFS) of their Blacksmith Project, which shows a promising path to high-grade iron ore production with low capital costs and a payback period of 3.3 years. The PFS outlines an increase in production to 5 million tonnes per annum and a maiden ore reserve of 46Mt at 60.5% Fe, ensuring 13 years of production. With 77% of the Mineral Resource Estimate now in the Measured category, the Blacksmith Project in Western Australia shows robust economics and a strong foundation for future mining operations.
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