HIGHLIGHTS
- NSL secures access to additional large scale mining lease, designated AP3, located only 10kms from to its wet beneficiation plant and stockyard.
- Definitive documentation executed for the life of the mining lease, and any extension thereto for the 106 acre project.
- NSL to take full control of all aspects of the mining lease in exchange for a beneficiated Run of Mine royalty payment of circa $1/tonne.
- AP3 is the second largest mine in the region, containing a significant quantity of iron ore material amenable to NSL’s beneficiation processes.
- AP3, when combined with AP 26 and 27 acres of land area, represent an 800% increase in total mining lease area compared to existing leases, Kuja and Mangal.
- All approvals in place over 77 acres, ready to operate in support of iron ore production and expansion plans.
- AP3 further supports and potentially enhances regional production plan.
NSL Consolidated Limited (NSL or the Company) is pleased to provide the following update relating to securing important wet beneficiation production expansion mining lease, designated AP3, through a Run of Mine (ROM) royalty based agreement.
For further information please download PDF attached:
Download this document
